Value? - Block D John H Gibson Survey, Yoakum County

Hello, I have a client that inherited about 0.125 acres, sections 436 and 437, Block D, John H Gibson Survey, Yoakum County. She has a couple groups sending her unsolicited offers to purchase her rights for $236 (total).

Question, what’s the value per acre in this area and who should we rally be talking to if we’d like to sell or lease her mineral rights and, any idea on what this area is worth?

Let me know - Thanks!

Steve Hoppel (424) 750-1103

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The site I usually use to show pricing doesn’t have very good coverage in Yoakum, but I personally know leasing is around the $400-1000 range depending on the area. $1888/nma to sell seems low, but I also don’t have much experience with minerals in Yoakum.

I will note that there is a newly permitted 1.5 mile well by Steward in Section 436 and what looks like a pretty decent 1 mile completion (270-300 BOPD) also by Steward in the section catty-corner. Steward is one of the better operators in the county and also has some of the top wells in the county as of recently.

I get that it’s a pretty small interests, but for $200, I’d recommend keeping the property. If your client really needs the money, I’ll personally double the offer just for giggles.

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Value can vary greatly in Yoakum County. Is the interest currently producing and in pay status? If not producing is the property currently under lease or is it open?

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