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Exclusive Listings McClain County

Property Number

11896

County/Parish

McClain

State

Oklahoma

Net Acreage

113.65

Price

$4750/acre (SOLD)

Interest Owned

Mineral

Leased

3/16

Producing

Some

 

Comments

Mineral List (will open in a new tab)

Selling 1/3 of each tract shown on the above Mineral List (i.e. selling 113.65 NMA).

Most if not all sections are currently leased as detailed below (all believed to be 3/16).

Sections 17, 18, and 19 were leased in 2016 at 3/16 royalty for three years, with two-year option. Depth, Shut-In, No Deduction clauses are also included in the Exhibit A of these leases.

N2 SW of section 15 was leased in 2015 (NW is HBP already) and is also a 3+2 lease but otherwise no additional clauses.

Sections 8, 10, 16, 21, and 22 were previously leased in 2014 and all were extended another two years in 2017 per their extension option.

 

 

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