Myself and 3 siblings split 15 nma for a total of 3.75 nma each in Weld County. Individually it’s peanuts in perspective, however, we leased to Mallard in Feb 2019 for $2,200/nma, 20% royalties (total $8,250 bonus for just 3.75 nma). Our group makes all our leasing/sell decisions together, representing 15 nma combined.
We just received an offer for purchase from Patriot Reserves, offering $12k for 3.75 nma. Initially, we have declined to sell. I’m curious if anyone else with small holdings have received offers or negotiated recent sales, and am hoping to obtain some advice on continuing to lease vs. selling. Can we even sell leased rights?