We also got the lowball offer (550, 25 year lease) on some rights in T14s, R37e, and a bit in T15s, which we turned down.
We consider this our most valuable rights because they are very close to (surrounding) an active producing patch of wells.
Are we correct in assuming this? With the prices being given in outer areas, is proximity still a big factor in pricing? Again, it is a great help to us in negotiating to have dollar ranges of what we should get for “next door to producing” rights vs the further-out rights mentioned in my previous thread.
I so appreciate everyone on this forum for being willing to share such useful information and advice to help us make smarter decisions.