Any idea what minerals are selling for and what lease bonuses are in McClain County Section 12-7N-4W?
Lease bonus info is not public except for the pooling orders which are. Section 11 just pooled for $4088 3/16 $3270 1/5 $819 1/4. That will give you a ball park range. Echo also filed an increased density hearing for six increased density wells in the Woodford. They also received approval for three Mississippian wells.
If you are receiving offers, this is probably why. Anyone who is offering is pretty sure they will make a profit off of you and hopes you don’t know about the pending activity. Slow down and consider if you want to give that profit up or wait for royalties. There is quite a bit of leasing in section 12. If you do need to sell, then get at least three legitimate offers which are probably quite a bit more than any offer you received in the mail. Those are frequently “fishing” letters to see if anyone will bite. Also, you do not have to sell everything. Sell part, keep part.