CMTAKA
The nearest production I find is to the S/SW about 5 miles…older oil wells that have been producing for years and years. 20%…22.5%…25% is the norm for Texas now. And $50 per acre is an insult even though there is no production or activity nearby.
[[[Counter offer at $250 per acre and 1/5 or 20% royalty]]] & NEGOTIATE(as Buddy Cotten would say)
This person that sent you this offer is possibly now also going to try to buy you minerals for chicken feed. My answer is don’t take the bait. At this time I don’t have any idea what producer/oil company would be thinking of drilling in this area. I check the Smith County Lease Alert fairly closely and don’t remember any leasing in this area of Smith County(I live in Smith County).
https://www.mineralrightsforum.com/t/courthousedirect-com-leases-for-smith-county-texas/25805/15
This GIS(Geographic Information Survey)map will show you where your A-1085/Section 1110 is located…
CLICK ON MAP TO ENLARGE
Clint Liles
