I got a offer to buy 30 acre’s for $ 2500 a acre .Is that a good offer ? And I think it should leave Thirty acre’s .
I leased for 3k per acre in 34 when oil prices were way below what they are now, therefore my opinion is NO. With that being said, these are unprecedented times.
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It somewhat depends on the royalty the minerals are subject to if any. For that area, I personally think that is a little low, but that area has some crazy faulting and that is why not much activity. Good luck.
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Are there crazy faults in section 17 2N3W as well? Wondering why Ovintiv wasn’t drilling.
Ovintiv has their focus on 3 & 10 at the moment.
I’ve been offered 6000$ a mineral acre for my interest in 3 and 10 recently, because Ovintiv and Warwick both are filling to increase density drill those sections
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