Offer to Buy
We have some small interest in 2 EOG wells in San Augustine Co. We have received an offer to purchase our royalty interests from Montego Minerals in Midland, TX. The offer seems to be for the sum total of what we have received in royalty payments up to this point. Has anyone else heard of this company.
We understand that there is only one well per unit on these two locations and there is potential for 2 more wells per unit. But we don't know what EOG's plans are for the future.
Views: 2427
Replies to This Discussion
-
Permalink Reply by Skip Peel - Mineral Consultant on -
The flaw would be judging the value of a mineral interest based upon a single well, especially one drilled 4 or so years ago, as opposed to the reserves remaining in the unit.
-
Permalink Reply by Joe Aldridge on -
JWD,
Be careful who you listen to on the internet. That being said: Unless I had DIRE financial problems I would not consider selling my mineral rights. Also, if you are in Texas; my understanding is they will be gone forever unless you put a prescription in the sale. Just be very careful what decision you make. These offers that come in the mail are usually for pennies on the dollar. If you take a sale seriously then get an independent appraisal before you do anything.
- ‹ Previous
- 1
- 2
- 3
- Next ›
Support GoHaynesvilleShale.com
Top Content
Blog Posts
Tuscaloosa Trend Sits On Top Of Poorest Neighbourhood For Decades - Yet No Royalties Ever Paid To The Community -- Why??
In researching the decades-old Tuscaloosa Trend and the immense wealth it has generated for many, I find it deeply troubling that this resource-rich formation runs directly beneath one of the poorest communities in North Baton Rouge—near Southern University, Louisiana—yet neither the university ( that I am aware of) nor local residents appear to have received any compensation for the minerals extracted from their land.
This area has suffered immense environmental degradation…
ContinuePosted by Char on May 29, 2025 at 14:42
Not a member? Get our email.
Groups
-
Bienville Parish, LA
246 members
-
North Caddo Parish
359 members
-
Cass County, TX
121 members
-
Nacogdoches County
193 members
-
Claiborne Parish
146 members
-
Natchitoches Parish
400 members
-
Rapides Parish
101 members
-
Fayetteville Shale
150 members
-
Harrison County
166 members
-
Franklin County, Texas
9 members
© 2025 Created by Keith Mauck (Site Publisher).
Powered by
