I’ve received offers to purchase mineral acres for some time now, but a couple months ago was offered over $2,000/acre. Some are producing, barely, drilled in about 2012, and some are leased (we are 1 1/2 years in on a 3 year lease). Last week I learned the leased acres may be permitted in the near future and it appears this company has some 4 mile lateral wells in the area. With this knowledge, should they be worth more if selling?
Kind of going through the same. How do you know about lateral wells?
Same here, but the offer was WAY lower. Put the written offer in the trash.
Welcome to the form! Yes they would be worth more , however I would not sell , I guess I would like the mail box money! Yep it be a lot more if they drill, that’s why someone what’s to buy them , these big guys ( or big money) know exactly what they are doing, good luck ! Just my 2 cents