Fair offer for minerals

Texas Mineral Rights Houston County, TX
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I have 4.625 mineral acres in Houston County, Texas, in the William Burke, John Ellison, and Mead surveys. I have been offered $700 per mineral acre by Lasso. Is this a fair offer?

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I am currently getting offers around $4,200 per NMA in the John Edens Survey area of Houston County.

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When you get offers, it is a good idea to get a feel for pending activity before responding. Buyers intend to make a profit off of their purchases. Sometimes they do, sometimes they don’t.

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The Bob Yancy Well is probably less than a mile from you. Who is trying to purchase your mineral interest? I would say at this time they are “priceless” unless they want to lease at that price.

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Man I sure wouldn’t sell. The income you could get in a lifetime would be more than they offer you. They know too, otherwise they wouldn’t be offering so much.

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Latest offer is 6,800 per NMA depending on Lease royalty rate. Getting confirmation based on our rate.

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I got some offers as high as $13,000 for my minerals in Freestone County. The highest was from a buyer in Louisiana. We decided to see it thru and now have 2 wells recently completed and just waiting on frac. If you can, be patient and keep them. I am anticipating many years of monthly payments each more than that amount.

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8

Any idea on when any production would start in our area? John Edens Survey, A-31

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At the moment, it looks like there are two dry holes in A-31. I do not see any new permits in your abstract. I see a permit in A-37 just to the west for the Bobby Yancey #1 by Expand. I see a spud date in 2024, but not a completion.

Someone in the area may be able to add more information.

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11

Expand has a second Yancy horizontal well on the tract that is producing gas and liquids. The production has not been published at this time.

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12

Thanks for the update.

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13

Expand has leased around 1,100 acres in the J Edens A-31 Survey. It’s a prime area for future development.

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I think that a lot of these potential mineral buyers are lease brokers and landmen that have “inside information” that have a deal with maybe Blackstone to buy minerals and get an override and money.

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