I have ~200 plus mineral acres across the Converse & Campbell county line. Unfortunately I need to sell, but the timing seems good with there now being some 50 permits for horizontal wells.
So I googled mineral buyers and and called a couple of them to see if they would make an offer. I was shocked, most of them did not even know what the Powder River Basin. And from prices offered quoted on the forum seems to be in this $900 to $2k range.
Whats the big problem with the PRB? The well results I have seen are impressive, the stacked play potential with pad-drilling and downspacing would make you think it would be comparable to the stacked plays in Oklahoma, where minerals reach as high as 13k to 20k an acre.
So my real question is who are the common mineral buyers in the area? Or is there no longstanding presence of anyone? And does it not matter how many permits there are moving into confidential status -are buyers only active in the PRB if they can get stuff for 2k max?