Jimmy Hamiter
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Estimating Value of DeSoto Mineral Rights Based On Purchase Offer
28 Replies

In 2008, my sister and I each inherited 10 acres of mineral rights from our father – S: 32, T: 12N, R: 14W (Spider Field).Recently I received an offer to purchase my 10 acres for $97,500. My sister…Continue

Started this discussion. Last reply by Skip Peel - Mineral Consultant Sep 23.

 

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Jimmy Hamiter replied to Jimmy Hamiter's discussion Estimating Value of DeSoto Mineral Rights Based On Purchase Offer
"Thank you! To your last sentence, so if a well has been permitted it has a serial number, I'm guessing."
Sep 23
Jimmy Hamiter replied to Jimmy Hamiter's discussion Estimating Value of DeSoto Mineral Rights Based On Purchase Offer
"Thanks again! I've been on Sonris a lot, but unsure of my level of knowledge. To check for well permits you search "permitted wells by date/parish" correct? Another couple of questions: (1) Where can I find the lease number for a…"
Sep 23
Rick Hilton replied to Jimmy Hamiter's discussion Estimating Value of DeSoto Mineral Rights Based On Purchase Offer
"Hi Skip , I sent you message on your consultation services. "
Sep 23
Jimmy Hamiter replied to Jimmy Hamiter's discussion Estimating Value of DeSoto Mineral Rights Based On Purchase Offer
"My offer was in the same neighborhood as was my sisters. Perhaps there's some future production planned then.  "
Sep 23
Rick Hilton replied to Jimmy Hamiter's discussion Estimating Value of DeSoto Mineral Rights Based On Purchase Offer
"Jimmy , Not the same , like Skip said there must be dozens, mine was Rushmore, I was 6 figures which was way higher than others. I figure they know what the future holds better than me but what is weird is my last royalty check was down about 80%…"
Sep 23
Jimmy Hamiter replied to Jimmy Hamiter's discussion Estimating Value of DeSoto Mineral Rights Based On Purchase Offer
"Thanks again. Those numbers make my head spin (LOL), but I have a general idea. And, from experience settling my dad's estate, I certainly understand what you say about depending on O&G firms. It often seems like they don't want you to…"
Sep 23
Jimmy Hamiter replied to Jimmy Hamiter's discussion Estimating Value of DeSoto Mineral Rights Based On Purchase Offer
"Thank you Skip. To share a bit more info (forgive me if I'm being repetitive). When we got this offer I contacted my cousin who's in the O&G business in LA. He did some research and urged me to contact Comstock, suspecting they owed us…"
Sep 23
Jimmy Hamiter replied to Jimmy Hamiter's discussion Estimating Value of DeSoto Mineral Rights Based On Purchase Offer
"Hi Rick, The offer came from Buffalo Bayou Resources out of Houston. – J"
Sep 23
Rick Hilton replied to Jimmy Hamiter's discussion Estimating Value of DeSoto Mineral Rights Based On Purchase Offer
"Thanks Skip , makes sense but a few that were missing were the biggest producers all year . I'm in AS Stacked surface location is what it says. Section 25 T12 N-R16 W area for what it worth. Thanks for the reply. Rick"
Sep 22
Rick Hilton replied to Jimmy Hamiter's discussion Estimating Value of DeSoto Mineral Rights Based On Purchase Offer
"Hi Jimmy , Interesting thread as I received a quote to purchase recently also, 40 acres. If you don't mine me asking are the initials RM? I inherited also and really know nothing about how all this works. for years I figured I was getting…"
Sep 22
Jimmy Hamiter replied to Jimmy Hamiter's discussion Estimating Value of DeSoto Mineral Rights Based On Purchase Offer
"Thanks again, Skip! Does your point about having "a copy of their unit survey" mean anything different than what I sent? I'm in advertising so I tend to overanalyze (LOL). Just making sure."
Sep 22
Jimmy Hamiter replied to Jimmy Hamiter's discussion Estimating Value of DeSoto Mineral Rights Based On Purchase Offer
"Wow, thank you! For what it's worth, I've attached the plat we received with the two notices for the new wells I mentioned (red line is the producing well we're currently receiving royalties on). I appreciate it!  "
Sep 22
Jimmy Hamiter replied to Jimmy Hamiter's discussion Estimating Value of DeSoto Mineral Rights Based On Purchase Offer
"Yep! Thanks for chiming in and great to hear from you. It's been awhile!"
Sep 22
Jimmy Hamiter replied to Jimmy Hamiter's discussion Estimating Value of DeSoto Mineral Rights Based On Purchase Offer
"Thank you for the info, Skip. For your reference, the cross-unit I referenced Comstock is paying royalties on is HA RA SUZ; DUGAN 32-29 HC showing interest as 0.00050052. "
Sep 22
ShaleGeo replied to Jimmy Hamiter's discussion Estimating Value of DeSoto Mineral Rights Based On Purchase Offer
"Jimmy if you are a Byrd 1975 graduate you know me! Jay"
Sep 21
Jimmy Hamiter replied to Jimmy Hamiter's discussion Estimating Value of DeSoto Mineral Rights Based On Purchase Offer
"Thank you, that's good to know!"
Sep 21

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