Price for area with potential (maybe)?

Oil and Gas Leasing Help
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I just got an offer to sell my approx.18 acres, non-participating royalty interest in Section 43, Block 35, T-6-N, Dawson County. Should I hold or sell? And what’s a decent price? The would-be buyer’s second offer to me is $450 an acre. Thanks in advance,

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You may get a better answer if you post over in the Texas Minerals category in the Dawson county sub category. Folks that are watching that particular area may have more information. As a side note, any time I get an offer, I wonder what they know that I don’t know because I am pretty sure they plan on making a profit off of me. The offer will be based on potential for their future revenue. Are more wells about to get drilled, is a pipeline coming in, etc.

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This link will open the Texas RRC GIS Map Viewer on a dry hole drilled on your section in 1980. Note that CGS Operating has recently permitted horizontal wells approximately 7 miles W-SW of your section. Search “CGS Operating” in this forum to learn more about CGS Operating and EOG Resources’ activities in Gaines and Dawson counties.

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Thanks for all your insights on this question.

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Thanks for all your time and effort researching this.

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You are welcome! Glad to try to help.

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