# Shelley Pate Well #1, Lee Survey, A-500, Leon Co

**URL:** https://www.mineralrightsforum.com/t/shelley-pate-well-1-lee-survey-a-500-leon-co/70229
**Category:** Leon County, TX
**Created:** [March 22, 2023, 4:28am UTC](https://www.mineralrightsforum.com/t/shelley-pate-well-1-lee-survey-a-500-leon-co/70229 "2023-03-22T04:28:04Z")
**Posts on this page:** 4
**Page:** 1

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### Author: ![benn\_bundy](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/benn_bundy/32/13451_2.png) [@benn\_bundy](https://www.mineralrightsforum.com/u/benn_bundy)
#### Post date: [March 22, 2023, 4:28am UTC](https://www.mineralrightsforum.com/t/shelley-pate-well-1-lee-survey-a-500-leon-co/70229/1 "2023-03-22T04:28:05Z")

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I own an old family royalty interest in this well, held by production for decades by, I think, Basa Resources. It has barely produced anything over the last few years. But I have had a mineral buyer hound me relentlessly over the past few weeks, making cash offers that have really surprised me in their value. I assume he knows something I don’t. Does anyone have any idea if they are re-drilling it? What else would cause the value to increase so quickly?

Thanks!

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### Author: ![Alan\_Herrington](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/a/b782af/32.png) [@Alan\_Herrington](https://www.mineralrightsforum.com/u/Alan_Herrington)
#### Post date: [March 22, 2023, 4:11pm UTC](https://www.mineralrightsforum.com/t/shelley-pate-well-1-lee-survey-a-500-leon-co/70229/2 "2023-03-22T16:11:30Z")

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Comstock and several other entities have leased more than 200,000 acres in Robertson, Freestone, and Leon Counties, with Comstock controlling most of it. The focus is a deep gas play primarily in the Lower Bossier formation.

The primary lease area is west of I-45 in Leon, but Hou Tex Exploration has done some leasing in your survey and adjoining surveys. I believe that Hou Tex is a speculator, hoping to flip their leases at a later date, assuming the primary lease area is expanded east of I-45.

I would imagine this new play is the reason for the interest in your royalty interest.

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### Author: ![benn\_bundy](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/benn_bundy/32/13451_2.png) [@benn\_bundy](https://www.mineralrightsforum.com/u/benn_bundy)
#### Post date: [March 23, 2023, 11:31am UTC](https://www.mineralrightsforum.com/t/shelley-pate-well-1-lee-survey-a-500-leon-co/70229/3 "2023-03-23T11:31:50Z")

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Thank you, Alan. I appreciate your information.

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### Author: ![system](https://www.mineralrightsforum.com/uploads/db5755/original/3X/6/c/6c7c56608c843272ad6e3662ce9562a5956f173e.png) [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [June 20, 2023, 4:29am UTC](https://www.mineralrightsforum.com/t/shelley-pate-well-1-lee-survey-a-500-leon-co/70229/4 "2023-06-20T04:29:00Z")

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