Anyone getting offers to sell in McClain County in these areas and approximately what amounts per net acre? Also, any idea when EOG might drill. I have received a couple of documents from them indicating hearings on change of spacing, etc. Any help would be appreciated.
I am in 20 9N 4W and firm offers @ 10k acre and hinting @ 15K but I advised 20+ and scared them off. I think if they hit an average well they will go ahead and drill 3 or 4 so that would pay more than 4 to 5 times their offer and it would be spread out which should help as far as taxes go. Each Situation is different.
John W, thank you for your input.
By the way the well was spud at beginning of Aug so They have had time drill it. Probably not frack it but I can’t see it well enough from the turnpike to tell if they have done anything. I guess I will have to go snooping around or if anybody living around sec 32 9n 4w let us know what you know. I know of at least 4 others maybe 5 that have been spud and I think I read they have 3 rigs working in the area but don’t quote me.