I just found that 2 wells have been permitted on or near my property. They were approved but not actually drilled yet. They say they will drill at the end of this month. The highest offer I received to buy my land was 10,000.00 per acre? So far. That sounds kind of low. It would only be 100,000 then done and gone??? HUMMM?
Where is your land?
we have 2 wells in Dawson county Texas, NEAR in the oil world means NOTHING! why you ask? on our block 34 we have 2 wells, the section is cut in half, we own half a different family own the other, our 1st well was drill and we make about 600 brls a month, the same Co drill a 2nd well for the OTHER family 150 yards away they are making 3000 a month! 150 yards is NEAR, cost us thousands of dollars a month!
Karen, if they are offering $10,000/acre someone expects to make a nice profit on the deal. If you don't need the money right now why not wait and see how those wells turn out?