Anthony
AnthonyAuthor

2 years ago

What is a fair offer

Township: N/A | Range: 16-20N | Section: 1E

 I recently inherited the  mineral  rights for 160 acres in noble county Oklahoma.  I recently received a  well proposal  from a landman  representing Juneau gas & oil. The offer was $100 per acre and 3/16 royalty.  The hundred dollar figure seems low what should he be offering?  SW/4 of 16-20N-1E

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