as of: 4/19/2025
This is not a formal appraisal.
Montague & Wise County Properties
33.44031,
-97.65258;
Montague, Wise,
TX;
185.77 acre(s)
1.00 net acre(s)
mi/ri
12.50% Royalty
Sales Estimate (Fair Market Value)
$180
Range $50 - $270
Well Value (PDP):
$0 - $0
Value Beyond PDP:
$160 - $200
- Value for 1 net acre, assuming a 12.50% lease
The Sales Estimate represents our calculated fair market value of the tract as of the effective date
of this report. This is the total value of the tract, including any existing wells and the value of any undrilled oil
& gas.
!
Tract value is dynamic and changes over time due to many factors. These values are only as of the effective date
of this report.
?
What is "fair market value"?
It is the estimated price at which the tract would be sold if both the buyer and seller are willing and
informed, and the transaction is conducted in a fair and normal market environment. It represents a balanced and
reasonable price that both parties would find acceptable if they were aware of all the relevant information.
Typical Value Ranges for this Tract
What is considered value to one entity may not be considered value to another. The chart below shows the unique range of total value this tract may
have when viewed by different entities and for different purposes.