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- LoopNet Team
261826 E 840 rd
Watonga, OK 73772
Lehman Property · Land For Sale
·
1.00 AC
INVESTMENT HIGHLIGHTS
- Thirty-Seven (37.5) acres of income-producing mineral royalties with no operational costs or liabilities for the owner.
- Opportunities for future well development on untapped locations, offering additional growth in both property value and income.
- Current wells generating a monthly royalty income, with new wells anticipated in the near future.
- All expenses and liabilities in the field are covered by a billion-dollar oil and gas company.
PROPERTY FACTS
| Property Type | Land | Proposed Use | Commercial |
| Property Subtype | Commercial | Total Lot Size | 1.00 AC |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 1.00 AC |
DESCRIPTION
The Lehman Property is 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, sold in one (1) acre increments, in this highly sought-after property, offering a rare chance to own a premium asset. Only 1 acre remains. Key Highlights: • Established Income: Steady royalties from five producing wells, 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. Contact us today to learn more about this rare opportunity.
