Hello! I hope someone would be kind enough to advise me.
I have mineral rights under lease at the referenced location in Kingfisher, known at the Gilmour well. Recently I received an offer of $7,500 per acre from Shepherd Royalty of Dallas.
Two questions, please:
1. From your experience is that a fair offer?
2. Is Shepherd Royalty a reputable company? I am asking because I spoke with a landman there about two weeks ago. I was told at the time that they would honor the offer. I was to receive what amounted to a written offer to start the sale. As of today, I have received no other word from them, and no landmen seem to be in the office. Seems odd to me.
Thanks for any thoughts or advise.