We've received an offer of $191,000, good for 45 days, to sell our mineral rights to 766 acres located in Union County, Arkansas. My questions:
1.) Is there oil or gas speculation underway in Union County?
2.) Since MPH Production is an intermediary, what oil and gas companies are currently speculating in Union County?
3.) Is this a fair price, should we decide to sell?
4.) Should we hold on to our leases?
Lion Oil and Pinebelt currently hold rights to dig on other properties in Union County so I doubt whether it is either of them.
Many thanks, Anne Edwards