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offer to purchase minerals
I leased my minerals last year in Lynn county and now have received an unsolicited offer to purchase my minerals for $950 an acre. Has anyone heard of other activity like this in Lynn County? If so what was the offer?
Carl Odom
Replies to This Discussion
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Permalink Reply by Mineral Joe on -
There will always be that unknown that can have a varying and sometimes drastic affect more so than reserves as the steep rise and fall of Natural gas prices in such a short period have proven. One can only make an educated guess and that's all it really is in the end, a guess. No one can say they are right and others are wrong until it is known. Like who would have guessed the Giants to win. Nat Gas reserves mean nothing when nat gas goes from over $15 to $2.4, no method of valuation can be accurate in this type scenario.
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