Greetings, all. I’m seeing people chatting in here about getting offers to buy or lease acreage in: Sec 24 - 9 N - 4W, Sec 32 - 9 N - 4 W, Sec 35 - 9 N - 4 W, and I got a call today from Bunker Energy re: Sec 30 - 9 N - 4 W. Can anyone please give me some general background on this area? What companies have been drilling – or at least leasing or buying – this “9 N - 4 W” McClain County acreage? For what kind of oil or gas production? At what kinds of prices? I assume that an initial cold phone call offering to buy our acreage at $4,000/acre – is a low-ball offer? Thanks!
EOG Resources is doing a lot of drilling in the area. I have seen lease rates from 2,500 to 4,000 acre in the area around you. Purchase price should be worth more than 4,000/acre. EOG is not in the business of drilling dry holes.
Had an offer of $7000.00 per acre at Township 16 North, Range 9 West, Section 4. Turned it down.
Hello! May I ask was the 7000 an offer to lease or buy? I had an offer to lease a different section - but same Township and Range. Thank you.
To buy.
Thank you!
May I ask who the offer was from?