With oil prices up and the Iran war not showing any sign of ending anytime soon, has there been any buying increase in mineral rights?
Ehhhhh, it seems to me the pricing has just caused a bigger buyer/seller gap…for now at least. Buyers aren’t wanting to go up as much as sellers think they should go up, etc.
But the longer they stay up the more the tunes are starting to change. Operators “considering options” for the rest of the year (“we could add another rig, but we might not…don’t hold us to it yet”). Initially there was zero change to plans for most operators.
Most royalty owners will see the most increase if their minerals are producing and they’re directly benefiting from the higher prices, or if an operator put in motion some plans to drill on or around their acreage (which would directly increase the offers they’ll receive).
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