Fair price for Net Royalty Acres to purchase our mineral rights

Thank you M_Barnes for your quick reply. Solid advice! Yes, the first contact was unsolicited to ask if we were interested in selling. Perhaps due to very recent court filings to convey ownership from an Estate to individual. After discussion, we provided potential buyer all recent payment info plus provided with the “Deep Minerals” lease which the buyer seemed unaware until shared. Whether he knew previously or not, I do think it is a definite plus for value… that’s why shared with him. I do understand the difference between NMA and NRA. I received the WRITTEN purchase agreement today for review and the $6300/NRA is an overall average… with all but 2 locations priced at $5000/NRA while the other 2 at $7000 and $7800/NRA. You mentioned listing the locations. Here they are below. Thanks again for any feedback!

All of Sections Nos. 6, 7, 20, 30, 32 and 44, Block No. 42, and all of Sections Nos. 13, 23, 24 and

26, Block No. 43, all in Township 3 South, T. & P. Ry. Co. Survey, Ector County, Texas.

Section 5, Block 42, T3S, Abstract A-134, T&P Ry. Co. Survey, Ector County, Texas.

Section 5, Block 42, T4S, Abstract A-158, T&P Ry. Co. Survey, Ector County, Texas.

NW/4 of Section 14, Block 43, T3S, T&P Ry. Co. Survey, Ector County, Texas.

S/2, N/E4 Section 14, Block 43, T3S, T&P Ry. Co. Survey, Ector County, Texas.

S/2 of Section 1, Block 43, T3S, T&P Ry. Co. Survey, Ector County, Texas.

E/2 SE/4 and SW/4 of Section 2, Block 43, T3S, T&P Ry. Co. Survey, Ector County, Texas.

W/2 NE/4 and W/2 W/2 of Section 4, Block 42, T3S, T&P Ry. Co. Survey, Ector County,

Texas.

N/2 of Section 12, Block 43, T3S, T&P Ry. Co. Survey, Ector County, Texas.

NW/4 NE/4 and W/2 and SE/4 of Section 41, Block 42, T2S, T&P Ry. Co. Survey, Ector

County, Texas.

E/2 and NE/4 SW/4 of Section 42, Block 42, T2S, T&P Ry. Co. Survey, Ector County, Texas.

NE/4 and S/2 SE/4 of Section 43, Block 42, T2S, T&P Ry. Co. Survey, Ector County, Texas.

W/2 of Section 45, Block 42, T2S, T&P Ry. Co. Survey, Ector County, Texas.