”Two (2) Big HZ wells producing now with Three (3) more planned!
We are excited to own and offer to you ORRI in the Crooked Pine Property in
Section 22 – Township 12 North – Range 08 West in Central Canadian County, Oklahoma.
This lease is in the heart of the MERGE play of the Anadarko Basin.
The property is part of the Crooked Pine Lease that encompasses an enormous 1,280 Gross Mineral Acres, or 2 square miles. Two (2) new wells, well numbers 4 and 6, had first sales in December 2021. Mineral Royalties Group believes this Crooked Pine property could be sending revenue by the end of Q2 – 2022.
We estimate the revenue to be about $350+/month at $95 oil and $5 gas and anticipate receiving the first check by the end of June 2022.
Three (3) more wells are currently planned which could more than double the income. Well numbers 2, 3 and 5.
There is an estimated $185,460 of recoverable oil and gas in the Mississippian and Woodford pay zones with more zones to develop per acre. This estimate uses $95 oil and $5 gas.
Per IRS Tax Code, 15% of the Income can be Tax Free. Consult with your CPA or tax preparer to learn more.
Keys to Mineral Property Ownership
1. What do you get for your money?
•Your money is invested in an asset that is recorded at the County Courthouse. This is very similar to Real Estate because you get a Deed. You can keep your property or sell it. It is up to you.
2. How do you make money?
• Because you own the property the oil company must pay you a Royalty Income. This income is a percentage of every barrel of oil produced from your property. The day you take ownership of the property is the day you start earning this Royalty Income.
3. How long does it last?
• There are millions of dollars of oil and gas in the ground. We know this because these huge companies are investing millions and millions of dollars to get it out. This Over Riding Royalty Interest (ORRI) will be in place until the oil and gas company stops extracting and selling oil and gas from this property. Your Royalty Income could go on for 50 to 100+ years.
We are not lawyers, CPAs or financial advisors and we are not giving legal, financial or tax advice.”
- Category : Prospects / Acreage