Multiple different offers to buy mineral rights within the past year

I inherited 7 net mineral acres in Ellis County, in sec.34-17N-23W. I have received three unsolicited offers to buy my mineral rights in the last year. I have not seen any indication of activity in the immediate area. The last expression of interest resulted in us signing a 3-year lease over 6 years ago, and nothing came of that. I’d be happy to hear any ideas about future development in this area.

Thanks in advance -

The area is receiving increased interest in the Cherokee formation for horizontal drilling. Mewbourne just spud the Old Glory 16/28 AP 1H well to the north of you. Rockies Resources has a Multi unit Horizontal case pending for a well in the SW quarter going into 16N-23W. If your acreage is in the SW4 you may be getting a new well.

1 Like