For many years my mineral rights paid nothing, but in the last 6 years it went from 0 to a significant figure. Can anyone tell me what is happening in Block 55, Tract 6, or more specifically Dixieland 6-1? I have heard that the Wolfcamp shale is also present in the Delaware Basin. Are they doing the horizontal drilling and fracturing in this area?
I have oil companies contacting me every month wanting to buy me out. The offers just keep getting higher. First offer was $5,000; the last offer was $18,000.
You’re in an outstanding area. The Dixieland 6-1 well was a vertical well, but there is currently a rig (operated by Cimarex) on your exact section. They are drilling a horizontal well (the first of many over time, I’m certain), and so your cash flow is about to go up by a lot. If I were in your shoes, I would not sell. In this case, it will pay to wait a few months until production comes online.