I am looking to sell my mineral rights in Madison County, Texas, 35.269 acres, Gray B. King survey, A19. I understand this is in the Eagle Ford shale. Can someone give me information on what activity there is currently and prices per acre I could expect?
Don,
In A-33 to the West of your A-19 are 3 horizontal wells that have been drilled by EOG in the past 5 years. These are Eagle Ford Shale wells.
Well 30937 Completion Report showed 295 BOPD/108,000 MCF Gas per day.
Well 30958 Completion Report showed 450 BOPD/142,000 MCF Gas per day.
Well 31014/Link to Production Report/2 pages:
GIS Map of Madison County A-19:
Thx very much Clint… that is helpful… do you know what would be a fair price on selling these rights per acre? Your help is greatly appreciated.
Hello James… are you interested in making an offer? If not, what is a fair price per acre?
Don,
I have no idea on a fair price on your acreage. But since you have decent production in the area it should be a better price. If you need to sell have you considered only selling like half of your mineral holdings instead of all?
Also, I would imagine there are other producing formations in Madison County other than the Eagle Ford.
Clint Liles
Thank you Clint… I do want to sell all rights… I’m getting too old to continue to wait… lol… if you have any other information, please let me know… have a great day…
Out of the 35.269 acres what is your net ownership?
Hello Brent…that is the correct tract and my net acreage is 4.0695. Any input would be helpful…many thanks.
I don’t think you get anyone willing to make an offer on an open forum. No one wants to show their cards in a negotiation. This is a very transitional time in O&G so it may be beneficial to decide what the mineral rights are worth to you and run with that number. If someone offers you more than what you were thinking it’s a solid deal. There are SO many factors that go into deciding a “fair market value.” Location, production, net interest in the tract, are just 3 factors in a long list of evaluation tools.