# Mineral values in Block 38, T1N, Martin County
**URL:** https://www.mineralrightsforum.com/t/mineral-values-in-block-38-t1n-martin-county/38443
**Category:** Martin County, TX
**Created:** [December 14, 2018, 1:10pm UTC](https://www.mineralrightsforum.com/t/mineral-values-in-block-38-t1n-martin-county/38443 "2018-12-14T13:10:06Z")
**Posts on this page:** 18
**Page:** 1
### Author:  [@Nitzer](https://www.mineralrightsforum.com/u/Nitzer)
#### Post date: [December 14, 2018, 1:10pm UTC](https://www.mineralrightsforum.com/t/mineral-values-in-block-38-t1n-martin-county/38443/1 "2018-12-14T13:10:06Z")
I have approximately 40 acres in Martin County:
W/2 of SE/4 of Section 1 W/2 of NW/4 of Section 4 E/2 of Section 4
Horizontal wells being drilled in the section immediately east of my property. Getting steady stream of unsolicited offers. What is a fair market amount I should ask of prospective buyers?
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### Author:  [@lakebumb](https://www.mineralrightsforum.com/u/lakebumb)
#### Post date: [March 1, 2019, 2:49pm UTC](https://www.mineralrightsforum.com/t/mineral-values-in-block-38-t1n-martin-county/38443/2 "2019-03-01T14:49:37Z")
I just sold 10 mineral acres for $25,000 per acre. This was in the NE4. They have permitted 3 horizontal wells on this property.
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### Author:  [@CH1](https://www.mineralrightsforum.com/u/CH1)
#### Post date: [March 1, 2019, 5:43pm UTC](https://www.mineralrightsforum.com/t/mineral-values-in-block-38-t1n-martin-county/38443/3 "2019-03-01T17:43:12Z")
It depends on what your lease royalty is and if there are permits and/or horizontals on it already.
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### Author:  [@Suzie\_Hardcastle](https://www.mineralrightsforum.com/u/Suzie_Hardcastle)
#### Post date: [March 1, 2019, 6:02pm UTC](https://www.mineralrightsforum.com/t/mineral-values-in-block-38-t1n-martin-county/38443/4 "2019-03-01T18:02:03Z")
Which block and section are you located?
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### Author:  [@Net\_Revenue\_Acre](https://www.mineralrightsforum.com/u/Net_Revenue_Acre)
#### Post date: [March 2, 2019, 3:18am UTC](https://www.mineralrightsforum.com/t/mineral-values-in-block-38-t1n-martin-county/38443/5 "2019-03-02T03:18:39Z")
Nitzer, there are many ways to value a property. The fact that there are wells on your neighbors means nothing to you from a cash flow perspective; rather it will tell you what the likely amount of production your acreage will yield. From a back of the envelope calculation, using 40 NMA, 640 Unit Spacing, 25% royalty, 500,000 bbl EUR wells, $50/bbl oil, 3 wells per unit (per lakebumb’s calcs), your acreage appears to be worth about $29,296.88 per NMA. That doesn’t consider the time value of money. I hope this gives you a good ballpark. Good luck!
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### Author:  [@ghstexrn](https://www.mineralrightsforum.com/u/ghstexrn)
#### Post date: [March 5, 2019, 6:06pm UTC](https://www.mineralrightsforum.com/t/mineral-values-in-block-38-t1n-martin-county/38443/6 "2019-03-05T18:06:41Z")
Something is happening in Martin. I have had no less than 10 unsolicited offers and multiple phone calls about my holdings in Martin. N/2, SW/4, Section 9, Block 35, Township 1N, T&P RR CO survey, abstract 45. There are about 9 horizontals next door in Sec. 8 by XTO. Anyone know of anything going on?
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### Author:  [@Clint\_Liles](https://www.mineralrightsforum.com/u/Clint_Liles)
#### Post date: [March 5, 2019, 6:59pm UTC](https://www.mineralrightsforum.com/t/mineral-values-in-block-38-t1n-martin-county/38443/7 "2019-03-05T18:59:46Z")
Judith, I see XTO has 3 producing horizontal wells beginning in Section 8 and 20 approved permits for that section going South. WOW
Clint Liles
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### Author:  [@Betsy4](https://www.mineralrightsforum.com/u/Betsy4)
#### Post date: [March 5, 2019, 7:28pm UTC](https://www.mineralrightsforum.com/t/mineral-values-in-block-38-t1n-martin-county/38443/8 "2019-03-05T19:28:15Z")
Is there any way I can find out if there is activity in Section 9 HA, Lanier S R/SF6948 A941 in Martin County? Thanks so much!
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### Author:  [@NMoilboy](https://www.mineralrightsforum.com/u/NMoilboy)
#### Post date: [March 5, 2019, 9:43pm UTC](https://www.mineralrightsforum.com/t/mineral-values-in-block-38-t1n-martin-county/38443/9 "2019-03-05T21:43:50Z")
Martin County is real binary. Either it’s a bunch of Hz wells or it’s zero. See map. Even if things go at the current boom pace it will take a lot of years until everybody has a bunch of wells. As Clint says, I guess the nearby units that have permitted/spud a bunch of wells have been the rising tide that has lifted your boat. Not a bad thing if you are considering selling. Just gonna be a bird in hand vs bird in bush discussion. Good luck.
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### Author:  [@ghstexrn](https://www.mineralrightsforum.com/u/ghstexrn)
#### Post date: [March 5, 2019, 10:06pm UTC](https://www.mineralrightsforum.com/t/mineral-values-in-block-38-t1n-martin-county/38443/10 "2019-03-05T22:06:48Z")
Thank you. This kind of helps define the flurry of activity I have had recently with offers.
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### Author:  [@Caroline\_Brady](https://www.mineralrightsforum.com/u/Caroline_Brady)
#### Post date: [March 6, 2019, 2:10am UTC](https://www.mineralrightsforum.com/t/mineral-values-in-block-38-t1n-martin-county/38443/11 "2019-03-06T02:10:36Z")
So it’s difficult to read the title of where these wells are. Would you please tell me the description?
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### Author:  [@WolfT](https://www.mineralrightsforum.com/u/WolfT)
#### Post date: [March 6, 2019, 2:32am UTC](https://www.mineralrightsforum.com/t/mineral-values-in-block-38-t1n-martin-county/38443/12 "2019-03-06T02:32:15Z")
You know, I have been having that issue with some properties in Oklahoma and in Texas (actually, some just north of Midland in southern Martin County). Anyways, I got to searching in Google and talked to a couple of companies that do mineral appraisals. You may want to consider that route. There was actually a pretty wide range in what people say they will charge for an appraisal, which is why I called a few. I made it clear to them that I am not interested in getting more offers (have plenty of those already). Just want a disinterested party to tell me what the minerals are worth.
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### Author:  [@NMoilboy](https://www.mineralrightsforum.com/u/NMoilboy)
#### Post date: [March 6, 2019, 5:10pm UTC](https://www.mineralrightsforum.com/t/mineral-values-in-block-38-t1n-martin-county/38443/13 "2019-03-06T17:10:07Z")
Caroline,
“Just Permitted” is Block 35 Township 2N Section 30/35. “Just drilled or being drilled” is Block 35 Township 1N Section 17/20.
Hopefully that is enough frame of reference.
Cheers.
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### Author:  [@Caroline\_Brady](https://www.mineralrightsforum.com/u/Caroline_Brady)
#### Post date: [March 7, 2019, 11:45pm UTC](https://www.mineralrightsforum.com/t/mineral-values-in-block-38-t1n-martin-county/38443/14 "2019-03-07T23:45:44Z")
Thank you, I was able to figure it out. I have a laptop now but miss my old PC.
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### Author:  [@ghstexrn](https://www.mineralrightsforum.com/u/ghstexrn)
#### Post date: [March 24, 2019, 2:32pm UTC](https://www.mineralrightsforum.com/t/mineral-values-in-block-38-t1n-martin-county/38443/15 "2019-03-24T14:32:14Z")
WolfT, do you mind posting who you contacted for an appraisal in Martin County? I am in need of a basis value for my holdings in Martin County, Section 9, Block 35, Township 1N, T&P RR Co survey, A-45, N/2 and SW/4, from inheritance in 2011. Would like a value with production and non-producing. I just sold some interest but retained current well production so what I sold is non-producing. Any help with this would be greatly appreciated.
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### Author:  [@ghstexrn](https://www.mineralrightsforum.com/u/ghstexrn)
#### Post date: [May 5, 2019, 1:22pm UTC](https://www.mineralrightsforum.com/t/mineral-values-in-block-38-t1n-martin-county/38443/19 "2019-05-05T13:22:40Z")
Debfaj, thanks. Sec. 9 in Block 35 has 5 Endeavor wells still producing and 2 producing Discovery wells. The Endeavor leases were reassigned to XTO in Dec. 2018. Horizontals on the horizon! I sold 1/2 my interests, 48 NRA for a million and kept current well production. I think I got a pretty good deal and still have 48 NRA for myself. It all depends on the location of your minerals in Martin County right now.
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### Author:  [@ghstexrn](https://www.mineralrightsforum.com/u/ghstexrn)
#### Post date: [September 5, 2019, 4:53am UTC](https://www.mineralrightsforum.com/t/mineral-values-in-block-38-t1n-martin-county/38443/21 "2019-09-05T04:53:00Z")
Thanks for the offer. Just holding my own for a while. In no big hurry to sell. I have my price and I’m just holding on until the right number comes along.
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### Author:  [@Forum\_Administrator](https://www.mineralrightsforum.com/u/Forum_Administrator)
#### Post date: [September 5, 2019, 4:57am UTC](https://www.mineralrightsforum.com/t/mineral-values-in-block-38-t1n-martin-county/38443/22 "2019-09-05T04:57:30Z")