Steve, is that $23,000 per nma for lease bonus or to purchase minerals? Thanks.
tom wondered the same, in blk 2 # sec. 31, turn down 3 different documented $16,000.00 per acre for minerals, have 97, believe ??? starting a well close to me. my interest include 6/7/8/9/10/11/13/14/15/16/17
paul
Tom,
That is to purchase. $23k for a bonus, now that would be outstanding!!
Steve Leker & Kathryn Dick -
If you have received legitimate offers of $23K per NMA as a sales price, I have a handful of clients that would love to talk to whatever companies offered you that much.
If you would be willing to share contact information for the companies, please send me a request to become A Friend on The Forum and send me the information privately.
Thanks -
Charles Emery Tooke III
Certified Professional Landman
Fort Worth, Texas
I agree with Steve Leker. Especially if acreage already producing. $23,000 starting point for discussion.
I was offered 23000 for net mineral rights in reeveds county wssburn section 13
Steve
Understand now that you are saying the $23K per NMA was to sell, but what did your original comment of ââŚat 25%â mean? Were you talking about 25% royalty? Think thatâs why folks wondered if it was a lease offer.
Ok not sure how to friend you but yes I have a contact. I am waiting on them to do title work etc.
Dusty,
Oh so many numbers! yeah, $23k per nma to sell looks to be a good starting point. Acreage held by production at 25% royalty.
Kathryn Dick - To invite someone to become A Friend, click on their name or avatar (picture) at the top of any message and send them a message. Becoming friends allows you to communicate more privately than the General Forum Page or a given Countyâs Page.
Kathryn & Steve and Everybody Else -
You need to be aware that some huge offer may be for if you own 100% Mineral Interests, are unleased and not subject to any Non-Participating Royalty burdens. Adjusted by all of those factors, the net-net offer you have accepted can turn out to be much less in actual dollars than you expected. I advise that you donât agree to any offer until you have had an experienced Oil and Gas Attorney review it. Donât even verbally agree to anything until you have had the offer reviewed.
Kathryn,
I sent you a friend request. I would be interested in the contact for the 23K offer as well. I have interest in Reeves Sec16 Blk 56 T2. I am looking to possibly sell some of my interest. thanks
tom
Hello All: I have an interest in whoâs offering 23k per nma as well. I have some producing minerals in Reeves Co. that Iâm thinking about selling. Looking for the end buyer, no LOI, PSA or peddlers.
Lilies Energy CEO resigned -
https://www.bizjournals.com/sanantonio/news/2017/08/04/lilies-energâŚ
Hello,
We got a call about a â23 3-D seismic shoeâ being conducted in Reeves that would include our parcel. Would this be contracted by the lessee?
Who is this Scarlet Land and Cattle company in Goldwaithe, Texas
and why are they trying to buy my acreage in Reeves county??
near Verhalen
Clever name for land acquisition company. âDo you mean to tell me, Katie Scarlett OâHara, that Tara, that land, doesnât mean anything to you? Why, land is the only thing in the world worth workinâ for, worth fightinâ for, worth dyinâ for, because itâs the only thing that lasts.â
The company doing the seismic survey will contract with the owner of the surface and pay a negotiated fee for the rights to enter the property in order place the geophones and bring in the trucks used generate the energy pulses and record the reflected acoustic waves. The owner of the minerals (if different from the owner of surface) receives compensation for the survey.
Robert â That would be 3-D seismic âshootâ. The use of âshootâ for a seismic survey comes from the energy source used to generate the sound wave transmitted into ground. Originally those sources were explosives (dynamite, âseismic shotgunâ, etc.) for onshore surveys. Today they typically use large trucks with large plates underneath that press against the ground and vibrate at a range of frequencies. Offshore surveys, on the other hand, incorporate air guns.
Iâm part of a mineral rights trust that the trustee wants to dissolve, in part bec itâs set up that way when original beneficiaries pass away or as it stands now with the 2 remaining beneficiaries agreeing to sell the mineral rights deed. Itâs located in Reeves, with 3 sections of varying acres in Block 13, near routes 10 & 17. Some of us are reluctant at having it all sold and would rather hold onto a portion of the mineral rights for leasing. The thing thatâs truly bothersome is that nothing has been disbursed to trust recipients for 36 years, since 1981. At some time before then, there had been lease money, not a lot, disbursed to the trust members. Is it unusual for such a long stretch of nothing to report or no interest shown for varying parcels of approx 637, 326, 273, 315, etc, acres? With the renewed interest in Reeves, would it be more practical to sell or lease the mineral rights? I posted here several months ago and extend my thankfulness to everyone and their wise counsel. Also, if the trust only states shares go to beneficiaries and their issue, can many relatives be added after trust is dissolved to receive equal distribution?