WE HAVE RECENTLY BEEN APPROACHED TO BUY MINERAL RIGHTS TO 30 ACRES IN REEVES COUNTY, TEXAS. WONDER IF ANY ACTIVITY CURRENTLY IN THAT AREAS. ALSO WONDERING WHAT GOING OFFERS ARE FOR THAT AREA. ALL NEW TO US.
Dear Ms Hughes,
Bonus has been ranging from around $500 per acre to around $1500 per acre. Royalties 1/5 to 1/4.
Reeves is very active right now.
THE COMPANY WANTS TO BUY LAND. WE HAVE NO IDEA WHICH WAY IS BETTER. MY FATHER IS 96 AND WE WANT THE BEST FOR HIM,
Buddy Cotten said:
Dear Ms Hughes,
Bonus has been ranging from around $500 per acre to around $1500 per acre. Royalties 1/5 to 1/4.
Reeves is very active right now.
Best,
Buddy Cotten
Jenny,
Just yesterday we received two offers to SELL our mineral rights in Reeves Country and of course we are not at all interested in selling. Our lease expires in Oct. 2011. Interest is very high for leasing mineral rights and sure hope it continues. While comparing offers to lease and to sell, selling is not the way to go, at least not in our case.