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: 2433

▶ Reply to This

Replies to This Discussion

Permalink Reply by Skip Peel - Mineral Consultant on June 5, 2015 at 16:19

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 lee on June 8, 2015 at 3:09

TRUST ME JWD EOG HAS NO PLANS FOR THE FUTURE.

Permalink Reply by Joe Aldridge on June 8, 2015 at 3:56

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. 

RSS

Support GoHaynesvilleShale.com

Top Content 

1 BPX Drills First 4-Mile Haynesville Well, Sees Huge EUR Uplift

BPX Drills First 4-Mile Haynesville Well, Sees Huge EUR Uplift
2 Expand Confirms Presence In The Western Haynesville

Expand Confirms Presence In The Western Haynesville
3 Olympia Fields

Olympia Fields
4 U-Turn (Horseshoe) Wells In The Haynesville Play

U-Turn (Horseshoe) Wells In The Haynesville Play
5 Request and Offer

Request and Offer
6 E.U. Trade Deal Comes With Impossible Energy Promises

E.U. Trade Deal Comes With Impossible Energy Promises
7 Current Leases Details if Franklin County

Current Leases Details if Franklin County

Groups

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…

Continue

Posted by Char on May 29, 2025 at 14:42 — 4 Comments

Not a member? Get our email.



© 2025   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service