I am dealing with another landman, but I am not sure about the value to them. I am in 11n 15w, but do not want to be more specific than that. I can tell you that the initial offer was 3500, 1/4 over a month ago and am being contacted on a continual basis. We are up to 7500 but I feel that my land is worth more in that there was a horizontal well permitted in the James Lime formation (since expired) in the sec. beside mine. Since you are a landman I would like your input.
Thanks!
Randy,
If I am the lone holdout (75 acres) in a very large contiguous block, would that make my land more valuable to the O%G company that holds the other leases?
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I do appreciate your honesty in this matter. I will consider your advice.
Thanks!
If I am the lone holdout (75 acres) in a very large contiguous block, would that make my land more valuable to the O%G company that holds the other leases?
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