Dunn Resources LLC wants to acquire our interests in Dawson Co.: N/200 acres of W/2 Section 17 Block 35 T4N and the S/2 of SW/4 of Section 8 Block 35 T4N containing 200 gross acres. Interests: 1/3 of 1/8 ( one brother 1 sister and myself). Net acres 1/3 of 35.00 They are now offering 1,000.00 per acre total purchase price of 35,000.00.
Question: since we all 3 live out of state, is anyone in Dawson Co aware of any activity in this area of land? Have researched TRRC map for hours and has resulted in limited results.
I would sure like to see that be the case because that is in the range of what I am wanting for mine. Loving County School Lands…A-274. EOD/CGS is all around us in every direction with producing wells and one horizontal well not over a mile and a half from us is one of “Dawson Counties’ Top Producing Wells”…according to the published data/records.
If minerals are trading at $2,700 to $4,900 per net mineral acre, doesn’t have a lot of bearing on whether or not $1,000 per net royalty acre for a NPRI is fair. I personally have no idea what’s fair in this area, just wanted to point out that you’re comparing apples to oranges.
I tend to agree with Texas Tea; royalty acres never get leased and therefore don’t receive bonus money. They’re normally valued significantly lower.