Hello,
I have been familiar with Minerals for quite some time now although I am trying to get a better grasp of Surface acreage in the permian… Does anyone know what the typically go rate is per acre for Surface in SE Martin County? BLK 35 AND BLK 36 T1S… To my understanding there are no producing assets on their shut as SWD or anything of that nature. Thanks for all of the help
also the minerals have already been sold
Before the downturn in March 2020, dryland surface acreage was going for about $5000-$7500 an acre and irrigated for about $10,000-$12,500 per acre. That was for surface only. Whether or not the water rights have been severed from the property would make a difference too, I’m sure. I don’t know what current values are, but I’m sure they are a little lower.
This topic was automatically closed after 90 days. New replies are no longer allowed.