Hello. Like others on this forum, we have an inherited small amount of mineral rights in Reeves County - section 42, block 56. I understand this is an active area right now.
We recently received an unsolicited offer to purchase these rights. The offer is $3200 for a half acre. I assume if that’s an unsolicited offer from an investment firm, then the market value is likely higher than that.
Any guidance on current values, or on the ability to negotiate, including countering with a lease plus royalties arrangement versus an outright sale of the mineral rights?