I own acreage as described below and was recently offered $2800 an acre to purchase. I have no metric to judge whether or not this is a good offer. Does anyone know? Thanks
XTO has leased both pieces and only one is producing, that is the one that I have the interest number on and I receive .005189270 or 43.13758 acres, the other does not produce but I own 4.1412 acres, the legal description is as follows:
The Northeast Quarter (NE1/4) and the Southeast Quarter (SE1/4) of Section Thirty-Four (34) in Township One Hundred Fifty-Seven (157) North, Range Ninety-Five (95) West of the Fifth Principal Meridian, Williams County, North Dakota. I have a .005189270 interest or an interest in 43.13758 acres .
The Northeast Quarter (NE1/4) of section Twenty (20) in Township One Hundred Fifty-Seven (157) North, Range Ninety- Four (94) West, Mountrail County, Stanley North Dakota. I own interest in 4.1412 Acres.