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Valuation is a widely divergent animal. But I recently gave $1465/ac in two areas not far from you in Weld Co, Colorado, less than 3 miles away, the lease bonuses there about a quarter of that, $350/ac range.
They were similarly undeveloped areas horizontally but highly permitted but mine are hampered with 5 year 1/6 royalty leases. My bet is that they expire before getting drilled. Obv. bad time to sell but you know that, so maybe $2g/ac to sell and a (3+2, $500, 20% lease) would be a guess. I can't see you liking that, necessarily.
Not too long ago, deals in both the Bakken and EagleFord sold in the density areas for up to $60g an acre. These are operated, large deals so it's not apples to apples at all. Still...it's a reflection of the cash flow available in those acres; therefore, it's pretty easy to do that math and I don't think the market approaches that intrinsic value by any stretch. Because of price risk. Competing fuel technologies, etc. There are a lot of pressures on oil revenues.
However, looking at population growth worldwide to 2030, demand trends for oil products and the current supply picture, that favors another oil bull, at least one more. Heck, probably 2. I haven't evaluated this area extensively but in Dunn Co, ND I have, and the present value of those cash flows (Density Area) are north of $30,000/nma in a $90+ price regime which is likely in my opinion.