Geology in this immediate area appears to be very good based on previous activity in this and other nearby sections. Forced Pooling orders in this immediate area over the past three years have been as high as $3750/acre. See link below.

9-section search 33-14N-6W for the last 5 years (Poolings)

Warwick Minerva, LLC has applied to drill a 1280 well in adjacent 21 and 28 of 14N-6W. Application was filed in September and is still pending approval by the OCC, as is a forced-pooling order for same.

2021 Drilling Permit Application (adjacent sections 21 and 28 of 14N-6W)

There is a chance that current operator of Schumacher well Ovintiv will drill to hold that lease because the Schumacher is leaning towards being uneconomic. This is the well in the section our seller has an interest in. Income (currently) is minimal, and the $2550/acre asking price is reflective of the good geology and potential for new wells.

Royalty check stub for July gas production from the Schumacher well can be found below, as well as production figures for that and other wells whose spacing units encompass some or all of Section 33:

July, 2021 Royalty Income From Schumacher Well

OTC Production Report-33-14N-6W and Adjacent Sections

Property Number

Canadian County

Legal Description

33-14N-6W

County

Canadian

State

Oklahoma

Net Acreage

10

Price

$2550/acre

Interest Owned

Mineral

Leased

1/8

Producing

Yes

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