Going bonus and royalty Price on or near N/2 of Section 5, Block 34, T&N, T&P Ry. Co

Texas Mineral Rights Dawson County, TX
1

Have an offer at $250 per acre and 1/5 royalty on rights at above location. Can anyone tell me whether this is above, below or just about at the going market price for this area? Thanks

2

Last year I got 175 and 1/5 royalty on Section 3 Block 4

3

T5N T4N T3N?

I have land in Block 34 Section 27 T4N, and Block 35 Section 2 T5N, and 35 Section 28, T5N, the T4N or T5N

make a difference.

4

Hi Willard. Thanks for your reply. It is T4N. Any information you have would be most welcome.

5

Hey Robert I looked at your land, I would think you could do better than 250, there are 2 active wells on that section now, not sure if you knew that, plus there are 7 plugged wells so there has been a lot of things going on. No idea how old those 2 wells are or who owns them, you should try and find out if you do not already know. Two big producers are very attractive to an oil producer. I have a well on 34 27 that produces about 350 barrels a month, another family has a well on the same section, 150 yards away, same producer that pulls 4500 a month! Point is 2 football fields away in the oil business is a LONG ways away!