we inherited RI for section 29 block 48 t-8-S T&P RR in Pecos. Apache has 2 wells on this property 20+ years old and just sold it to Chevron. Our share is .00586 and we keep recieving offers from $112,000 to $210,000. I have done a ton of research and the property is very close to Reeves county where Apache announced major oil and gas reserves. The current RI only pays $200 a year but from reading, companies are going back with new technology. Can anyone share their insight?
Thank you you in advance.