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.
I am referring to Harrison County, Texas. I thought I was in that group. I will also post in that county group.
No new Harrison Co Horizontal permits posted for SW part of county in the past 6 months.
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.