Recent purchase offer for mineral rights

I just received an offer for a small non-participating royalty interest (NPRI) in Dawson County Section 24, Block 36, Township 4-North. I’m wondering whether the offer is in the right ballpark.

There are a couple of 2010-era vertical wells on the property that were operated by Endeavor for some years and have been taken over by Diamondback. For my 2.4 NRA the payments have amounted to couple of hundred dollars a year for some time. The offer proposes to pay $20k for my interest, which is about $8500/acre.

Does this seem roughly in line with the going rate for the area in 2025? And can you recommend a competent O&G attorney in the area who can help me review the offer and possibly iron out any irregularities in the chain of ownership?

Thanks very much!

1 Like

Are you aware that there are brand new horizontal wells in the area? What abstract are you in? Thorpe A-1179? Or a different one? Looks like a rig onsite drilling. Hibernia Resources has the new wells already completed. IKE Operating for the new two. Contact them before considering a sale.