I own 5 acres and mineral rights included in this well. Like everyone else, I’m inundated with offers. The lowest has been 20k and the highest 80k. The well is just gas at this point from what I can tell. Do gas wells become oil wells after the gas has been depleted? From what I understand my tiny acreage is in one of the hot areas.
Sorry this is long winded but we are planning for retirement and are clueless as how to value and include in our estimates.
Thanks for any info.