landowner

New Activity ?

The amounts in the mailed offers to purchase royalty have greatly increased recently.   Is there any new activity?  We are in the southwest portion of the county.

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landownerPermalink Reply by Thomas C. McKowen, IV on August 21, 2019 at 10:03

I am referring to Harrison County, Texas.  I thought I was in that group.  I will also post in that county group.


Oil & Gas ProPermalink Reply by Rock Man on August 21, 2019 at 10:32

No new Harrison Co Horizontal permits posted for SW part of county in the past 6 months.


Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on August 21, 2019 at 12:35

Not sure what the offer amounts are that are referenced here but generally speaking offers to buy minerals have taken a significant downturn since the first of the year along with the price of natural gas.  I am temporarily advising clients to delay soliciting purchase offers or accepting the lowered offer amounts.  Only in dire need of fast cash should anyone be considering a sale at this time.

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