I own 1.36286201 nma in Reagan County, Tx.
Legal: CCSD AND RGNG SEC 1200 A-350
RRC 18064
TURNER RANCH
I have an offer of $11,000+ ($8,000/ac)
Royalties are $72/yr.
Is this a reasonable offer?
Its a reasonable offer. However, it is a hot area with lots of permits and drilling, so you may be able to get more for it.
Lot’s of “if’s”! Before the buyer has a gain, they must break even. The crystal ball doesn’t tell us what the future of product prices will be or how much production there will be.