E/2 section 18, Block 31,T2N Howard County

Texas Mineral Rights Howard County, TX
1

One producing well. Can I get advise on what the going NMA is being sold for this day.

Thanks

2

Hi Gary, you will likely need to provide more details with your request (i.e. where is your producing well located - the full name of the section of land is necessary).

3

Apologize, I now see that its listed in your subject line :wink:

4

Hi Gary,

I received an offer a month ago in this same block and township for $6000/nma. Hope this helps.

5

$6k per nma seems really low to me, but we’re in the middle of a pandemic and an oil bust so maybe its not such a bad offer. Unless you need cash, I would hold off selling until oil prices get back above $50 per barrel.

6

I thought that too initially, but I followed up with others and it seems like $6-$8k/ac is the range out there right now.