You folks were instrumental in assisting us in negotiating 2 previous Lease/Royalty agreements for the above tract.
2012- 3 years with Bearcat 2015-3 years with Recon Resources
Since the expiration (in 2018) with Recon Resources multiple offers to Purchase only (mostly from Aegis with language like “up to 5,000 per acre” or simply “call to discuss”) have been received.
I made a call or two and was told that very few if any companies are offering Leases/Royalties for mineral rights in our particular Stephens County tract.
A final important fact is we are under no compulsion at all to sell and would not ever be unless there were indications there will never be future offers to Sell or Lease.
Obvious questions: are there companies still offering negotiable Lease/Royalty arrangements? If so which companies.
Why have Leasing offers stopped (if they in fact have for most companies) but Offers to purchase still been received from several companies (Aegis, Ames Energy, Mayhawk) though none in the past few months?
What is likelihood no offers of any kind will be forthcoming?
Finally what would be a fair reasonable “per acre” Purchase Price?
Any help will again be hugely appreciated!