# Surprisingly high ORRI offer
**URL:** https://www.mineralrightsforum.com/t/surprisingly-high-orri-offer/71071
**Category:** Eddy County, NM
**Created:** [June 1, 2023, 11:41pm UTC](https://www.mineralrightsforum.com/t/surprisingly-high-orri-offer/71071 "2023-06-01T23:41:29Z")
**Posts on this page:** 7
**Page:** 1
### Author:  [@ZacharyHarris](https://www.mineralrightsforum.com/u/ZacharyHarris)
#### Post date: [June 1, 2023, 11:41pm UTC](https://www.mineralrightsforum.com/t/surprisingly-high-orri-offer/71071/1 "2023-06-01T23:41:29Z")
We received an offer of over 36K/nra for our ORRI in Section 33, Township 26S, Range 30E. I believe the tract is currently operated by Devon/WPX and, if my numbers are right, production has been bringing in around thirty or forty dollars per nra per month over the last couple years. So the offer is at about 100 years worth of present-day income.
On the other hand, the outdated data I have from an appraisal several years back says the acreage in our portion of that Section remains mostly undeveloped. But still…
Is there a realistic new drilling scenario in which someone has legitimate grounds to be willing to pay that much? Have recent wells around there been good? If the offer is legit, what do they know about upcoming prospects that I don’t know?
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### Author:  [@Andrewl00](https://www.mineralrightsforum.com/u/Andrewl00)
#### Post date: [June 2, 2023, 2:11am UTC](https://www.mineralrightsforum.com/t/surprisingly-high-orri-offer/71071/2 "2023-06-02T02:11:32Z")
If someone is offering that much, permits for hz wells have been filed.
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### Author:  [@ZacharyHarris](https://www.mineralrightsforum.com/u/ZacharyHarris)
#### Post date: [June 2, 2023, 11:05am UTC](https://www.mineralrightsforum.com/t/surprisingly-high-orri-offer/71071/4 "2023-06-02T11:05:41Z")
OK, like these ones, which were approved this past August and haven’t spudded yet: [OCD Permitting - Wells (nm.gov)](https://wwwapps.emnrd.nm.gov/OCD/OCDPermitting/Data/WellSearchExpandedResults.aspx?OperatorSearchClause=BeginsWith&WellSearchClause=BeginsWith&WellNumberSearchClause=BeginsWith&PoolSearchClause=BeginsWith§ion=33&township=26S&range=30E&CancelledAPDs=Exclude&PluggedWells=Exclude&SearchLocation=Surface)
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### Author:  [@NMoilboy](https://www.mineralrightsforum.com/u/NMoilboy)
#### Post date: [June 2, 2023, 12:39pm UTC](https://www.mineralrightsforum.com/t/surprisingly-high-orri-offer/71071/5 "2023-06-02T12:39:32Z")
There are two rigs drilling those permits as we speak.
That said, $36k/NRA is still pretty high.
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### Author:  [@Mineral\_Owner5](https://www.mineralrightsforum.com/u/Mineral_Owner5)
#### Post date: [June 2, 2023, 4:55pm UTC](https://www.mineralrightsforum.com/t/surprisingly-high-orri-offer/71071/6 "2023-06-02T16:55:31Z")
There’s always a chance of drilling in other formations both shallow and deeper and “horizontal drilling & production.” Keep it, don’t sell.
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### Author:  [@timmyd](https://www.mineralrightsforum.com/u/timmyd)
#### Post date: [June 3, 2023, 1:54pm UTC](https://www.mineralrightsforum.com/t/surprisingly-high-orri-offer/71071/7 "2023-06-03T13:54:14Z")
Who is making the offer is the key and is it legit? Don’t know how many royalty acres you own but we have sold part in the past. You don’t have to sell it all.
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [August 30, 2023, 11:42pm UTC](https://www.mineralrightsforum.com/t/surprisingly-high-orri-offer/71071/8 "2023-08-30T23:42:09Z")
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