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.
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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