Trick offer for mineral rights?

Stephen Steinberg · 2019-04-30T15:18:58Z

Need general help evaluating an unorthodox offer to buy I own ten net mineral acres in Reagan County where there is much activity. The quadrants in which my acres reside, however, have no producing wells based on the RRC Viewer. I do not know whether or not there are active drilling permits or active leases on these tracts. I now have an offer to buy the tracts that is structured in two tiers: Tier 1: If the tracts are not "held to production" (whatever that means) or has active leases, then the offer is $100,000. Tier 2: If the tracts meet either of the two conditions of Tier 1, then the offer is cut in half to $50,000. This offer from my understanding of mineral rights, is that if a tract is producing or has leases, then it is worth MORE not less than if it is non-producing and does not have active leases. Am I right? Is this a trick offer? Please advise.

Texas Mineral Rights Reagan County, TX

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