Income-Producing Minerals with Near-Term Upside
This offering provides direct ownership in producing mineral rights located in Custer County, Oklahoma, with additional drilling planned in the near term. Income is paid directly by the operator, and mineral owners do not pay drilling or operating costs.
Financial Snapshot:
At $60 oil and $3.50 gas, conservative modeling implies approximately $22,000 per net mineral acre from the first three planned wells, with total Cherokee development across eight wells estimated at approximately $52,000 per net mineral acre across the 1,280 gross mineral acres, excluding upside from deeper zones.
The Agan Unit is operated by seasoned oil company and is located in Section 22, Township 13N–16W, an area widely regarded by regional operators as the core of the pocket or "sweet spot". Our ownership totals 84 net mineral acres within a 1,280-acre unit.
The primary development target is the Cherokee Formation, which consists of multiple benches including Marmaton, Oswego, and Redfork. Modern drilling and completion techniques support up to eight horizontal wells across the Cherokee section. Current modeling conservatively reflects only the first three wells, while additional infill locations and the underlying Mississippian and Woodford formations remain undeveloped.
Initial drilling success has accelerated development plans, and based on industry conversations, the strategy is to continue development and potentially divest the operated position to a larger, well-capitalized operator active in the area, including Mewbourne, Devon, Continental, or Validus. Importantly, mineral ownership is unaffected by operator sales, and such transactions often result in increased drilling activity.
This is a rare opportunity to acquire a core-position mineral asset with active production, defined development runway, and multiple layers of upside before full development is complete.
Availability is limited and allocations are made on a first-come, first-served basis.
Financials (USD)
Asking Price $9,750
Additional Details
Fields / Basins / Formations Anadarko Basin / Cherokee, Mississippian, Woodford + more
Acreage 84 NMA with Minimum of 1 acre
Reserves PDP & PUD and more
Interest Type NMA-MI / Net Mineral Acre-Mineral Interest
Cash Flow Est $2000-$2400 / NMA
Operator Arnold Oil Properties, LLC
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