My grandfathers mineral right which are leased seem to have acquired a permit finally.
He just received a offer in the mail for 20k an acre for 160 total acres to sale.
That seem high to anyone else with recent experience in the are?
Location is NW/4 of Section 177, Block 1
Also how can I see where this section is on the RRC Viewer? I only see A-954 highlighted.
Lastly, how can you find production numbers of wells in the area? I would like to do the math to get ball park figures of the return on a well in that area.
Thanks for your time.