I’ve received a purchase offer for our several holdings in this township. Citation is offering about 2-3 times our annual royalties to purchase the rights outright. I don’t need a net present worth calculation to know I don’t want to accept this offer, but it raises the question of whether they know something interesting that I/we should know. Is anyone aware of anything special about to happen here? It has long seemed (to me) stable and unlikely to change either for better or for worse. Our holdings are in Sections 20, 29 and 32.
Rudy
If you will add the Township and Range that your sections are located in Pontotoc County, then someone will be able to help you. There are numerous sections 20, 29, and 32 in Pontotoc County.
I’ve wondered why this happens so often in this forum. In this case, at least, it’s a bug in the forum software. It allowed me to enter the subject line, “Received Purchase Offer, Mid-Fitts, Pontotoc 2N-7E” and then shortened it, posting the incomplete message. I wonder how many of the other, similar situations I see here result from this problem.
Anyway, the township is Pontotoc 2N-7E.
It might be a character limit on the length of the title.
Anyway…
Are you getting the OCC orders for those sections? I see new permits and quite a few cases over the last 24 months. Citation might be trying to consolidate their holdings and deal with fewer mineral owners. Looks like things are heating up there.
I assume it IS a character limit on the title, but the limit, if it exists, should be imposed at data-entry time. (Sorry, I’m a retired software ergonomist and designer. User interfaces are my thing.)
I do assume they’re trying to consolidate their holdings, but I don’t recall recent OCC orders. Would I get those if our interest is held by production? I assume I would. Maybe I just filed them without thinking much about them. I’ll check.
I see a bunch of new Citation cases clustered over in the SE corner of the township. No orders yet.