I have an offer to purchase 100% of undivided interest in the minerals and wells as follows: Petroquest Energy - Wiener CV # 1H and Sabine Oil & Gas - Wiener (1H). the offer is $27,000.00. What do ya’ll think about this?
What section, township and range? I always ask myself, why would they want my minerals? What is else is about to happen? Is $27,000 now worth what the minerals might be worth in five years, ten years, etc. The buyers intend to make a profit. That is their business.
I believe she meant to post in Panola County, Texas, NOT Canadian County, OK.
Mary- I am assuming the offer is for Panola County, TX. The first thing I would do is check the TX Railroad Commission website. It is pretty easy to navigate. I’d start with the GIS viewer (Link- https://gis.rrc.texas.gov/GISViewer/)- go to the looking glass icon, click on Surveys and add your county and legal description. You may need to add the survey name a couple of ways- it is sometimes a bit finicky. This will take you to the acreage so you can see drilling in the area. You will need the API numbers to check further into the permits- known as W-1s. Sounds like Petroquest knows something is happening in the area. I’d bet their fist offer is not their best and also, think hard about selling mineral interests!
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