Values in Northeast Howard County?

Texas Mineral Rights Howard County, TX
1

I was wondering if anyone had an idea what leases were going for in NE Howard County. We are getting calls and want to try to verify some information. Our Description:

E/2 of Section 33, Block 25, H & TC R.R. Co. Sy

Any information would be appreciated.

2

I just gave a lease in NE Howard Section 13, Block 32 Township 1N for $5,000 NMA. That was in August 2017.

3

We have minerals east of Big Spring in the Moss Creek Ranch area. The lessee has yet to turn dirt. I hear the activity is stronger north of I-20 so you might have some good bargaining leverage. But I’m not an expert.

4

I have interest in the area also. What sort of offers have you been getting? I am currently waiting on the numbers from 2 people.

5

We leased a couple years ago. No drilling so far. We did not get $5,000/acre… much much much much less. Maybe we should have asked $5,000/acre… they would have certainly drilled it to make back the bonus money.

6

Had a letter that said $5,500, but they did not talk very long and said they were leaving the area.

Recently we had offers in the $400-$700 20-25% range. With the wide range of offers, we might just wait unless that big offer was just marketing material.

What dollar amounts are you seeing?

7

We got a little better than that… 25% royalty.

8

Still waiting on the 2 offers from interested parties, don’t think I will take less than 2000 per net acre.

9

Would like to see the 5000, wouldn’t think twice about leasing then, might sit tight for a while, business is good and it doesn’t cost me anything to wait and see how it all plays out.

10

Hello James,

We are new to this business. We have mineral rights in Howard County in Block 25, Section 30 in addition to Section 18, Block 25.

The current lease will expire at the end of February 2018 and we are currently looking at a few offers. Do you know of any companies that may be interested as well? Thank you in advance for your time.

Best,

Michelle

11

Is there anything going on in Mitchell County? I am a mineral rights owner.

12

Good morning Diana… There has only been 1 approved permit for Mitchell County this year/month. Hopefully if oil prices keep increasing there will be an uptick in drilling in Mitchell County.

http://webapps2.rrc.state.tx.us/EWA/drillingPermitDetailAction.do?methodToCall=searchByUniversalDocNo&universalDocNo=491484569&rrcActionMan=H4sIAAAAAAAAAM1Qy07DMBD8mnK0vM6DXPYQIThDW9FD1IObWKmlvLR2BEj-eNaJkCDljLjYO7Pj9ewEkBJVAAkId0R1WXs7DvuamkqeceHfzEVPk1OC28J57Y3w72J2u6QsJCsU7tTT46nkMollQ7br7NA-G-qtdy-zoY91rGhGFqXYG38dm-P4oLuOiQzJ-JmG43gwmuorUwXKGzeVW7oltU5MmnT_qrvZLCb5Y1nEO8UkyWKR4cW0dnAn6-M8HvgDg9rgjV6lKHPeRQIfSsJ95DJcYbFyxcYh_F1e7iunHCfdGvqWx6_hwbna6qJZhKAQZEgwD7xwyJjImbh9_d-i_wQ_BY_CtwIAAA

13

Have you heard if anyone has unlocked the key to fracking that part of the shale?