Multiple offers for mineral interests

Without knowing the legals, IMO it’s statistically most likely that the answer is:

  1. At some point in the future people feel that the operator will drill more wells, although there is no obvious sign that they have begun to do that yet

Totally reasonable that it might be (4, permitted) but there are a lot more (5s) than (4s). But most folks think (for good reason) that any place inside known geologic boundaries with no HZ wells is eventually gonna get horizontal wells.