I got a offer to buy 30 acre’s for $ 2500 a acre .Is that a good offer ? And I think it should leave Thirty acre’s .
I leased for 3k per acre in 34 when oil prices were way below what they are now, therefore my opinion is NO. With that being said, these are unprecedented times.
It somewhat depends on the royalty the minerals are subject to if any. For that area, I personally think that is a little low, but that area has some crazy faulting and that is why not much activity. Good luck.
Are there crazy faults in section 17 2N3W as well? Wondering why Ovintiv wasn’t drilling.
Ovintiv has their focus on 3 & 10 at the moment.
I’ve been offered 6000$ a mineral acre for my interest in 3 and 10 recently, because Ovintiv and Warwick both are filling to increase density drill those sections