OFFER: What is fair market value?

We just got our first offer on our old family land (20 acres). Since we don't live in the area, we are not very familiar with the going rate, and I would like to know if the offer is fair.

Seems are are close to the Encana wells they are about to start drilling, but that is not who contacted us. Description is S24-TN14-R9W. What would the fair market value be for the area in terms of bonus and royalty share? Can anyone let us know.

Elizabeth Woodard Porterfield
elizabethporterfield@hotmail.com

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