Any news on the Burgtorf C A Unit 1 Sec 6-13N-15W in custer I just got a Offer of Preferentail right to purchase. Richland Resources 917 cedar lake okla city offered $593,466 for a .7184239 WI and a .6179129 NRI
Do I have to buy the whole thing or can I buy a faction? It’s been a steady earner.
You can look up well information at the OCC (type in 0613N15W in the location box. : https://imaging.occ.ok.gov/imaging/OGWellRecords.aspx
Production can be found at: (type in Burgtorf in the leasename and scroll through until you find the correct one. There are several starting with “Burgtorf”. https://otcportal.tax.ok.gov/gpx/gp_displayPublicPUNListSearchDownload.php
Do you know anything about Richland Resources?
You might want to Google them before you deal with them. Always good to see what their history is.
Most offers to buy start out low and need some negotiation. Just remember that they know more than you know and they intend to make a profit off of you. So find out what they know!
The current operator is Kaiser Francis they are selling to Richland. We have been doing business with Kaiser for 40 years. No issues. With the OPR purchase, can I just buy a part of the amount for sell?
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