261826 E 840 rd - Commercial LAND FOR SALE


Watonga, OK 73772 43,560 SF
$8,750 USD
972-430-4145
261826 E 840 rd, Watonga, OK for Sale
$8,750 USD
Commercial LAND - FOR SALE
1/5
43,560 SF

261826 E 840 rd
Watonga, OK 73772


HIGHLIGHTS

  • Thirty-Seven (37.5) acres of income-producing mineral royalties with no operational costs or liabilities for the owner.
  • Current wells generating a monthly royalty income, with new wells anticipated in the near future.
  • Opportunities for future well development on untapped locations, offering additional growth in both property value and income.
  • All expenses and liabilities in the field are covered by a billion-dollar oil and gas company.

OVERVIEW

Income-Producing Mineral Property in Oklahoma’s STACK Play. Mineral Royalties Group is offering an exceptional opportunity in the Lehman Property, located in the heart of Oklahoma’s STACK play within the prolific Anadarko Basin. This property encompasses 640 gross mineral acres (1 square mile) in Blaine County, renowned as one of the most productive oil zones in the area. Mineral Royalties Group was able to secure 37.5 acres in this highly sought-after property, offering a rare chance to own a premium asset. Key Highlights: • Established Income: Steady royalties from five producing wells, 37.5 acres generating $5,472 in Net revenue in September 2024 (~$145 Net Revenue per acre). • Prime Location: Positioned in 15N-11W, a premier area within the STACK play known for high oil production (90% oil, including NGLs, and 10% natural gas). • Future Potential: High-priority zone for additional drilling, with significant upside for increased property value. • Best-of-Class Operators: Developed by Cimarex Energy (now part of Coterra Energy), with the possibility of several offset wells in the near future. This property offers immediate cash flow with substantial long-term growth potential, making it an attractive opportunity for people seeking reliable income and exposure to the energy sector. This property is sold in one (1) acre increments. Contact us today to learn more about this rare opportunity.

FOR SALE DETAILS

PRICE

$8,750 USD

PRICE/ACRE

$8,750/AC

PRICE/SF

$0.20 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Lehman Property

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial

LAND ACRES

1 AC

LAND SF

43,560 SF

OFFSITE IMPROVEMENTS

Streets

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Doug HardwickMineral Royalties GroupMore Info
972-430-4145

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Doug HardwickMineral Royalties GroupMore Info
972-430-4145

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.