# New plays in Sharon Ridge? New land/mineral offe ...higher than ever
**URL:** https://www.mineralrightsforum.com/t/new-plays-in-sharon-ridge-new-land-mineral-offe-higher-than-ever/72040
**Category:** Scurry County, TX
**Created:** [August 22, 2023, 2:59pm UTC](https://www.mineralrightsforum.com/t/new-plays-in-sharon-ridge-new-land-mineral-offe-higher-than-ever/72040 "2023-08-22T14:59:48Z")
**Posts on this page:** 10
**Page:** 1
### Author:  [@ZTEX](https://www.mineralrightsforum.com/u/ZTEX)
#### Post date: [August 22, 2023, 2:59pm UTC](https://www.mineralrightsforum.com/t/new-plays-in-sharon-ridge-new-land-mineral-offe-higher-than-ever/72040/1 "2023-08-22T14:59:48Z")
Hello,
I own surface and minerals southwest of Ira, Texas, in the Sharon Ridge field.
I received a rare letter in the mail with an offer to purchase. It’s the first offer I have received for my abandoned well in the past 10 years and for a much higher price than ever before. Over $1000 per acre.
I know there is a wind play that comes within a mile of my spot, and I’ve heard the news of some horizontal work near Snyder, but nothing else is noticeable in public sources, online, etc.
Is there new activity in the area?
Z
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### Author:  [@fwfrog91](https://www.mineralrightsforum.com/u/fwfrog91)
#### Post date: [August 22, 2023, 4:09pm UTC](https://www.mineralrightsforum.com/t/new-plays-in-sharon-ridge-new-land-mineral-offe-higher-than-ever/72040/2 "2023-08-22T16:09:51Z")
Knowing which company could pinpoint what the intent is.
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### Author:  [@Dusty1](https://www.mineralrightsforum.com/u/Dusty1)
#### Post date: [August 23, 2023, 2:27am UTC](https://www.mineralrightsforum.com/t/new-plays-in-sharon-ridge-new-land-mineral-offe-higher-than-ever/72040/3 "2023-08-23T02:27:15Z")
That’s a big area you described. Post the Block and Section or the abstract number you’re in and someone will be able to tell you if there are any new permits near you.
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### Author:  [@ZTEX](https://www.mineralrightsforum.com/u/ZTEX)
#### Post date: [August 23, 2023, 5:46pm UTC](https://www.mineralrightsforum.com/t/new-plays-in-sharon-ridge-new-land-mineral-offe-higher-than-ever/72040/4 "2023-08-23T17:46:03Z")
We are Block 87 Section 98 South of Ira.
The company is Nature Acres… looks like they are general speculator types.
Just find it interesting that we’ve had nothing offered on this for years.
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### Author:  [@Dusty1](https://www.mineralrightsforum.com/u/Dusty1)
#### Post date: [August 24, 2023, 1:56am UTC](https://www.mineralrightsforum.com/t/new-plays-in-sharon-ridge-new-land-mineral-offe-higher-than-ever/72040/5 "2023-08-24T01:56:59Z")
Check that Block. I think it must be 97 instead of 87. If that’s right RRC isn’t showing any recent activity anywhere close to Section 98.
Orland Oil & Gas who is now the operator on several 1800’ wells spread over the ten abstracts that make up that section apparently did a workover on some of those wells earlier this year and brought the combined production on everything in that zone that hadn’t been plugged up from almost nothing to 1,900 barrels/month. But the combined number declined back to 300 barrels/month within a couple of months.
Is Nature Acres’s offer for your minerals or your land, or both?
I think you’re right that they are speculators who mail out lots of unsolicited offers on land and also minerals. Their name was mentioned in another post about offers they made somewhere in East Texas.
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### Author:  [@ZTEX](https://www.mineralrightsforum.com/u/ZTEX)
#### Post date: [August 24, 2023, 2:44pm UTC](https://www.mineralrightsforum.com/t/new-plays-in-sharon-ridge-new-land-mineral-offe-higher-than-ever/72040/6 "2023-08-24T14:44:49Z")
Dusty, You are correct Block 97 (I can’t type worth a crap anymore 🙂)
Our well was abandoned by the operator and RCC put an enforcement action against them in May. It may be plugged by now. I’ll be out that way soon and will check on it.
I was hoping new windmills might be coming but the latest project missed us by about a mile. I think the field is about done…and ours certainly is.
My dad bought it in the 50’s, drilled two wells and was the operator for a while, made him a bit of money for many years. Never huge but it paid for itself a few times over.
Nothing out there now but mesquite and cow patties. (How do I get paid for grazing rights? 🙂)
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### Author:  [@charlene\_duncan](https://www.mineralrightsforum.com/u/charlene_duncan)
#### Post date: [October 18, 2023, 12:38pm UTC](https://www.mineralrightsforum.com/t/new-plays-in-sharon-ridge-new-land-mineral-offe-higher-than-ever/72040/7 "2023-10-18T12:38:04Z")
We own the mineral rights in Scurry County, Texas. It’s Section 485 Block 97. We have an offer of $275 with 20% royalties with 3 years. Is this a fair offer?
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### Author:  [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [October 18, 2023, 11:57pm UTC](https://www.mineralrightsforum.com/t/new-plays-in-sharon-ridge-new-land-mineral-offe-higher-than-ever/72040/8 "2023-10-18T23:57:23Z")
From my experience, first offers are generally not their final offer. I prefer 25% royalty. If you have not leased before, it would be very wise to invest in a good oil and gas attorney to read the draft lease and suggest better wording. Draft leases are almost always in the operator favor and need significant changes to make it more fair to the mineral owner.
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### Author:  [@fwfrog91](https://www.mineralrightsforum.com/u/fwfrog91)
#### Post date: [October 19, 2023, 2:40pm UTC](https://www.mineralrightsforum.com/t/new-plays-in-sharon-ridge-new-land-mineral-offe-higher-than-ever/72040/9 "2023-10-19T14:40:25Z")
The reality of a lot of these eastern shelf is most of these projects can’t support a quarter royalty because most are wildcat wells in an old area.
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [November 20, 2023, 3:00pm UTC](https://www.mineralrightsforum.com/t/new-plays-in-sharon-ridge-new-land-mineral-offe-higher-than-ever/72040/13 "2023-11-20T15:00:42Z")
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