Offer to buy mineral rights in 34 2n 3w

[hodakasuperrat47]

I got an offer to buy 30 acres for $2,500 an acre. Is that a good offer? And I think it should leave thirty acres.

[Vicki_Ferguson_Fryar]

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.

[TODD_M_Baker]

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.

[Karla_Scherling]

Are there crazy faults in Section 17, Township 2N, Range 3W as well? Wondering why Ovintiv wasn’t drilling.

[M_Barnes]

Ovintiv has their focus on 3 & 10 at the moment.

[Randy3]

I’ve been offered $6,000 a mineral acre for my interest in 3 and 10 recently, because Ovintiv and Warwick both are filing to increase density drill those sections.