So, if an acquisition company wants to purchase my minerals can I assume they have done their homework and their interest is not predicated on the value of an active producing well in this section?
Depends upon the buyer. Some have done their homework and some have not. Most of the legitimate ones I know have calculated the value of the producing well(s) on a section(s) and applied a discount factor and a certain price deck to come up with a value. Some of the others also know about the likelihood of future drilling and calculate that additional value. They only offer the value of the current well (or less) and don’t say anything about the future drilling because they want those royalties for themselves.