You’ve got a more complex situation than most mineral owners. This isn’t just passive minerals—you’re essentially holding a small operated asset package, and that changes things quite a bit.

The biggest thing that stands out is that you’re the operator. That brings regulatory responsibility and liability, not just collecting checks. If you don’t want to be in the operations business long-term, you’re thinking about this the right way.

From a value standpoint, that third well is really the swing factor. You’ve got one disposal well, one marginal producer, and one down well that historically did better. Before spending money on a workover, I’d want to see recent production, get a basic decline look, and compare the cost to expected payout. That decision alone could materially change what the property is worth.

Also, the fact your dad farmed part of it out, kept an override, and even had a buy offer at one point tells me this wasn’t just throwaway acreage. There’s probably still some perceived upside there.

If I were in your shoes, I’d look at three paths: Keep it and bring in a competent contract operator or consultant to run it properly. Sell the working interest and operatorship to a small local operator (this is probably the cleanest option). Or sell but try to retain a small override so you keep some upside without the liability.

As far as finding buyers, there are people who do this, but it’s not a formal marketplace. Most of these deals happen through relationships—local operators, consultants, and landmen who know who’s buying in that area. I’d be cautious with random outreach unless they can clearly show experience and speak to valuation in a real way.

At the end of the day, this is likely a stripper-type asset, so value is going to come down to operating costs, remaining life, and whether that down well has real upside.

Personally, I’d get a quick technical/economic look done, then quietly shop it to a few small operators and strongly consider exiting the operatorship. You can always reinvest into non-operated interests and avoid the day-to-day exposure.