Royalty buyers between Keatchie and I-49
Has anyone recieved letters wanting to buy mineral in this area. I understand that some are getting offers of $16,000 to $18,000 for their reserved minerals to Suncoast/Chasapeake.
Views: 277
Replies to This Discussion
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Permalink Reply by yahoo777 on -
I LIVE IN STONEWALL SEC 21 AND WE GOT A CONTRACT AND NICE LETTER FROM PINNACLE OIL AND GAS WANTING TO BUY 1/2 OF MY MINERAL LEASE FOR A WHOPPING $3000.00. THAT MAKES ME SICK TO MY STOMACH.
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Permalink Reply by BirdDawg, plain ole' idiot on
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Yahoo,
Post Pinnacle on that list of people not to do business with. In my opinion.
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Permalink Reply by Crunchy on
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We received unsolicited 2300./per royalty acre from Empire Energy. Our lease is at 20% . We said no. Not sure what royalty acres are...but the answer is still no.
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Permalink Reply by The_Baron on
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a royalty acre is one acre w/100% of its mineral leased at 1/8.
You are leased at 1/5 or 1.6 royalty acres per acre. You would be paid, $3,600 per acre if you own 100% of the minerals.
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