I’ve recently leased acreage for 5 years and now that company wants to buy those same acres and additional acres that I’m still working out details on. This sounds to me like they are going to build/drill and know something I don’t about the location. Their offer seems low considering various recent developments. They’ve also mentioned price per barrel has slumped since I signed the original lease several months ago. Their offering less than half bonus on the new acreage (part of same sections -net acreage) I’m still working on.
Does anyone know activity in the area? Or advice?
Township 159 range 103 section 5,6