Tuesday, December 28, 2021

FWIW: Landman Offer For Minerals -- December 28, 2021

Reader sent me this random note. Offers from two different landmen for two different holdings:

  • Williams County, section 30-153-99: $6,720 / net mineral acre
  • McKenzie County, section 2-153-101: $6,666.67 / net mineral acre

I replied to the reader that landmen generally offer "xx%" of ultimate likely value.