Does anyone know how to estimate a fair market value for an oil lease in Kern County? For example, the lease has about 300 acres, 13 active wells in only 1/4 of the total area, the production is 8-10 BOPD, and the royalty is 3/16.
I welcome any brokers or landman contacting me about this service. My email: newbuynsell@yahoo.com