Mitchell County, TX - Oil & Gas Discussion archives

I do not think that this should be worth $30,000 an acre, maybe up to $5,000 an NMA. If you look at it like just free money that you didn’t have, you are just giving something you own away. It is worth what the market will pay. If oil was $30 a barrel, it would be different. Leases in Ohio are up in the $5,000 range and they are only in the testing phase there.