We are signed with Cimarex - and have been receiving very large offers to buy - we have 10 acres. We signed three years ago and just received the first royalties in February for about $5000. However we just got another check totaling a measly $500.00 and I was told that was for two months. We are in our early 70s now but wondering if we should sell. The last offer was $17,500 an acre - I dont understand why they are willing to pay so much for what seems to be so little. Am I missing something here? They say that the area we are in has a lot of oil I assume that is why the offers have gone from about $200.00 four years ago up to $17,500 - what is going on there and can I assume that we might be getting some substantial royalties?
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