Replies to This Discussion

Permalink Reply by East Tex Landowner on August 27, 2008 at 10:18

I have had a verbal offer for 6000.00 acre for minerals just south of 103 and about 1 mile west of FM 1 (near Rosevine).

landownerPermalink Reply by Regina Greer on September 30, 2008 at 5:42

I have 5 Relatives that live in Rosevine and Bronson and starting out they were offering $1500 an acre.
Now the oil co are offering $5K - $6K per acre. I have 3 out of the 5 who have received their checks and cashed them.
The company giving the leases is in downtown Hemphill next to the Post Office. That was 3 weeks ago.
I am now hearing rumors that the lease companies now require a lawyer to file for the money since relatives
were taking the money for land that needs to be divided among heirs.
gina

landownerPermalink Reply by Regina Greer on January 28, 2009 at 10:21

I have relatives off 103 in Rosevine and the first offers were $1500 and went up to $5000
but then the price of oil went from $100 barrel to $40 barrell and I heard most of the
people had closed shop. I am still waiting to hear of any activity in 2009 in this Rosevine area
as I have not leased any of my land in that area. The Oil & Gas representative was in Jasper next to the courthouse on Main Street. Not sure if they are still there.