Greetings! I’m so glad to have found this forum! I’ve read through countless posts and feel much more educated than I was in the beginning but still confused.
I recently received a purchase offer from Spring Creek Energy Partners for $40K. (T35N, R68W, Sections 31: W2, & 32:W2) My interest in the described property is only .005 so $40K seems pretty high, but to be honest I have no idea how much land is included. I found the sections on WOGCC and used the interactive map to locate permits, wells, etc. but it doesn’t mean a lot to me. It appears Chesapeake may be drilling or have a permit to drill horizontal from section 29(??) to section 32 but the details are marked “confidential” and I’m not sure what that means.
I would truly appreciate any thoughts on this situation. Or if anyone knows of someone I can contact for expert advice, I would appreciate that too.
By the way, there was a producing well on Section 31 many years ago but the checks were small; around $250 annually as I recall. No checks for a long time though.
Thank you in advance !