Recently received a purchase offer on 3 parcels of mineral rights in Williams County net 317 mineral acres located in 157N 96W Sections plus 157N 95W
We have leases with XTO and Hess who both have low producing wells in all three sections
Offer is for $3000 per mineral acre
Two questions:
- Is this a fair offer ?
- Is there some additional drilling or new geology that is causing the demand for these already leased acres of mineral rights?
