Hi, I posted the other day about Mewbourne oil activity in Lea County - in particular Querecho 23/26. A relative received a call from Milestone Resources wanting to purchase. Have no clue does anyone have any information on them? Thank you.
They are one of a huge collection of folks who might buy minerals. I don’t think they are special or awful, but I also know less about folks from Oklahoma.
Im not sure what was said in the other thread, but there are I believe 5 recently drilled wells on the Querecho unit and a rig drilling the 6th as we speak. That have yet to produce. So you would hope that your/relative’s internal evaluation of what you own reflects the increased value that those new wells would provide. It’s worth a good bit more than some XX months of your current check.
Many buyers will only offer for a certain number of years of production. Many savvy mineral owners would rather hang on for the possible decades of production. Depends upon what your financial needs are.
This topic was automatically closed after 90 days. New replies are no longer allowed.