I manage mineral interests, both producing and non-producing, for my family. We received an offer to purchase our mineral estate in 22-14N-17W. There is a vertical well called the Jantz on the property that I believe is currently shut-in. We have not received a royalty check in quite some time. The offer is for $3k per acre. Has anyone else received similar offers in 14N-17W? I would appreciate any feedback. Thank you in advance.
Have not received an offer in writing but we have been approached on a few occasions to sell for $3,500 per acre. In that vicinity: Sections 21, 22, 23, 26, 33, Township 14N, Range 16W. Current leasing offers of $800–$1,200 per acre.
Thank you for your feedback. Seems like the offer is in line with the market. Thanks again.
Hi J Mos, can you please give me a call when you have a sec? 405-203-9800.
Thank you,
Grant R.
Grant,
We are not interested in selling anything at this time, and everything except for one tract is under lease. Thanks anyway.