This is mineral acreage that has not been leased for many years. We have a partner in 107 acres and they have received an offer to sell. Does anyone know of any activity nearby? Val Connell Carter
There is quite a bit of activity in the 2S-5W township. Nothing recent in section 4, but some in 5, so you might want to hold out for a while and see what develops. In my experience, the first offers are low and will no represent true value for the property. Some developers are taking advantage of the low commodity prices right now to pick up acreage for low values.
Val, how much was the offer? I have minerals in Stephens County and am curious what the going rate is these days.