Over past 6 months have received 3 offers from different companies offering to buy surface/mineral rights to my family 10 acres @ $300 per acre. Is there activity in this area? Is offer a low ball offer? Thank you in advance. David Bradshaw
Generally, when you get offers from more than one company, something is up. They know about pending activity or they have a strategy. They also plan to make a profit, so in my experience, the offers that I have received have turned out to be low to what I actually received once drilling began.
There were several OCC cases filed in sections 23 and 24 in the last 999 days. Most recent leasing was in 10, 21, 22 and 28, so near you.
Our family doesn’t usually sell, we just wait and see what happens.