Section 15-4N-5W. I’m new here and pretty uninformed. Have an offer for 3/16th royalty rate of $2500 for 0.8333 net mineral acres. Offer is from T3Energy. Can anyone enlighten me? This is presented as a Purchase/sale agreement. Many thanks.
Welcome to the forum.
Are you already getting paid on the Sinclair 1-15-22XH well? If not, you need to contact Continental Resources. That well has a lot of reserves left.
If it were me, I would not sell. Casillas has filed to drill another horizontal well called the Birch 0405 22-15-1SXH. Several sections nearby have about six wells per section, so I would rather wait and get the royalties for any future wells.
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That is a very low offer.
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