Oil and gas leases in Shackelford County

Shackelford County, Texas has 1,779 oil and gas leases with production on file at the Railroad Commission. 1,250 of them are oil leases and 529 are gas leases. Between them they carry 6,013 wellbores. Reported volumes run from January 1993 to August 2026 and come to 24.2 million barrels of oil and 68.0 million Mcf of gas. 342 operators file returns here. Every lease below has its own page with a decline-curve forecast and an estimate of what the whole lease is worth.

Key facts about Shackelford County

How many oil and gas leases are in Shackelford County?: Shackelford County has 1,779 oil and gas leases with production reported to the Railroad Commission of Texas, as of August 2026.
How much oil and gas has Shackelford County produced?: Leases in Shackelford County have reported 24,227,509 barrels of oil (bbl) and 68,000,079 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026.
Who are the biggest operators in Shackelford County?: Jones Company, Ltd. operates 144 of the 1,779 producing leases in Shackelford County, more than any other operator on record with the Railroad Commission of Texas.
How many operators are active in Shackelford County?: 342 operators file production returns for leases in Shackelford County.
How much are mineral rights in Shackelford County worth?: There is no single figure: what a mineral or royalty interest in Shackelford County is worth depends on the individual lease, its decline, and the share the owner holds. Each of the 1,779 leases listed here has its own page with the full production history the operator reported, a decline-curve forecast, and an estimate of what a royalty interest in it is worth today.

Operators here

The company that runs the wells and issues the royalty cheque.

Jones Company, Ltd. — 144 leases
Breck Operating Corp. — 92 leases
Van Operating, Ltd. — 82 leases
Jacobs, C. E., Co. — 54 leases
Enserch Exploration, Inc — 44 leases
Stasney, H. R. & Sons, Ltd. — 38 leases
L.C.S. Production Company — 37 leases
Grothe Bros. — 36 leases
Frontier Operating Corporation — 30 leases
Momentum Operating Co., Inc. — 30 leases
Young, Marshall R., Oil Co. — 28 leases
Snyder Drilling Corp. — 26 leases
Clear Fork, Incorporated — 24 leases
Midville Energy, LLC. — 24 leases
Stasney Well Service, LLC — 24 leases
Sequoia Fossil Fuels, Inc. — 23 leases
Bluff Creek Petroleum, LLC — 22 leases
Hilltex Operating Company, LLC — 22 leases
Whitt, W. J. — 22 leases
Stephens & Johnson Operating Co. — 19 leases
Schkade Bros. Operating Company — 18 leases
Throckmorton Oil, Inc. — 18 leases
Holson Well Service — 16 leases
Geonatural Resources, Inc. — 15 leases
Leonard Brothers Operating Co. — 14 leases
Stovall Operating Co. — 14 leases
H.E.H. Operating, Inc. — 13 leases
Huson Corp. — 13 leases
Keating Energy, Inc. — 13 leases
Hogan, Wayne Oil Co. — 12 leases
O'Leary'S Oil & Gas Inc. — 12 leases
CDJ Oil Co. — 11 leases
Cottonwood Petroleum Co. — 11 leases
Dragoon Oil & Gas Co. — 10 leases
Scott Operating, Inc. — 10 leases
Jack Oil Company — 9 leases
Larry Oil, Inc. — 9 leases
Mcclymond, Ltd. — 9 leases
Sojourner Drilling Corporation — 9 leases
Southern Exploration, Inc. — 9 leases
American Energy — 8 leases
Ep Operating Limited Partnership — 8 leases
G & F Oil, Inc. — 8 leases
H.A.N. Operating Incorporated — 8 leases
Millennium Operating Company — 8 leases
Morrell, W. R. — 8 leases
Seely Oil Company — 8 leases
Squyres Oil Co. — 8 leases
Tracker Mineral — 8 leases
Tres Piedras, Inc. — 8 leases
Whitt Oil & Gas, Inc. — 8 leases
Bridwell Oil Co. — 7 leases
Burkard Petroleum Company — 7 leases
Dahab Energy Inc. — 7 leases
J & W Oil Co.-W. F. — 7 leases
Ruff — 7 leases
Schetawee, Inc. — 7 leases
Sheets Exploration Co., Inc. — 7 leases
Burk Royalty Company — 6 leases
Centaur Petroleum Corporation — 6 leases

Railroad Commission districts

District 7B — 1,766 leases
District 09 — 13 leases

Leases — page 1 of 9

CROW — gas, Geonatural Resources, Inc., Shackelford County, 1.0 million reported
NEWELL 2 — gas, Jones Company, Ltd., Shackelford County, 1.0 million reported
RAYMOND, LES — gas, Grothe Bros., Shackelford County, 954 thousand reported
JETER "15" UNIT — gas, Van Operating, Ltd., Shackelford County, 937 thousand reported
GURNEY — gas, Breck Operating Corp., Shackelford County, 875 thousand reported
ROGERS — gas, Grothe Bros., Shackelford County, 856 thousand reported
BURLESON "34" — gas, Van Operating, Ltd., Shackelford County, 853 thousand reported
MATTHEWS "20" — gas, Breck Operating Corp., Shackelford County, 752 thousand reported
FORT GRIFFIN UNIT — gas, Van Operating, Ltd., Shackelford County, 678 thousand reported
NAIL RANCH "20" — oil, L.C.S. Production Company, Shackelford County, 651 thousand reported
PALM, F. N. — gas, Stasney, H. R. & Sons, Ltd., Shackelford County, 638 thousand reported
SNYDER, MORRIS — gas, Cox, Lee Investments Inc., Shackelford County, 619 thousand reported
HICKMAN "13" — gas, Jones Company, Ltd., Shackelford County, 610 thousand reported
PHEIL — gas, Sequoia Fossil Fuels, Inc., Shackelford County, 604 thousand reported
PRUET 88 — gas, Sequoia Fossil Fuels, Inc., Shackelford County, 586 thousand reported
JACKSON, COLE — gas, Breck Operating Corp., Shackelford County, 582 thousand reported
SOUTH GREEN "1-49" — gas, Breck Operating Corp., Shackelford County, 570 thousand reported
HUDMAN, E. E. — gas, Breck Operating Corp., Shackelford County, 566 thousand reported
DAVIS — gas, L.C.S. Production Company, Shackelford County, 563 thousand reported
ROBERTS, WADE "47" — gas, Mcclymond, Ltd., Shackelford County, 560 thousand reported
SOUTH GREEN "53A" — gas, Van Operating, Ltd., Shackelford County, 553 thousand reported
DOSS, FRANK — gas, Jones Company, Ltd., Shackelford County, 529 thousand reported
COOK 62/83 — oil, Young, Marshall R., Oil Co., Shackelford County, 529 thousand reported
WALKER BUCKLER 78 — gas, Jones Company, Ltd., Shackelford County, 523 thousand reported
SNYDER MINERAL TRUST "26" — gas, Snyder Drilling Corp., Shackelford County, 517 thousand reported
DAVIS — gas, L.C.S. Production Company, Shackelford County, 510 thousand reported
NEWELL G-5 — gas, Enserch Exploration, Inc, Shackelford County, 508 thousand reported
STEPHENS "21" — gas, Southern Exploration, Inc., Shackelford County, 503 thousand reported
ROBERTS — gas, Lakewood Operating, Ltd., Shackelford County, 491 thousand reported
BROOKS — gas, H.A.N. Operating Incorporated, Shackelford County, 485 thousand reported
GREEN, W.H. — gas, Devon Energy Corporation(Nevada), Shackelford County, 480 thousand reported
NEWELL E-58 — gas, Clear Fork, Incorporated, Shackelford County, 472 thousand reported
SNYDER — gas, Cox, Lee Investments Inc., Shackelford County, 471 thousand reported
EVERETT BROTHERS "805" — gas, Throckmorton Oil, Inc., Shackelford County, 469 thousand reported
NEWELL "58" UNIT — gas, Van Operating, Ltd., Shackelford County, 458 thousand reported
WILLIAMS, LOREN — gas, Sequoia Fossil Fuels, Inc., Shackelford County, 456 thousand reported
WALKER-BUCKLER TRUST (TR-15) — gas, Keating Energy, Inc., Shackelford County, 455 thousand reported
SNYDER — gas, Cox, Lee Investments Inc., Shackelford County, 443 thousand reported
SOUTH GREEN — oil, Midville Energy, LLC., Shackelford County, 442 thousand reported
CASEY "33-R" — gas, Van Operating, Ltd., Shackelford County, 441 thousand reported
WALKER-BUCKLER "72" — gas, Dragoon Oil & Gas Co., Shackelford County, 439 thousand reported
JOHNSON 47 — gas, Red-Tex Energy Services, Inc., Shackelford County, 439 thousand reported
VIERTEL-CULLERS GAS UNIT — gas, Breck Operating Corp., Shackelford County, 435 thousand reported
SNYDER — gas, Star Production, Inc., Shackelford County, 433 thousand reported
ROBERTS, WADE "47" — gas, Mcclymond, Ltd., Shackelford County, 418 thousand reported
SNYDER — gas, Raylee Operating Company, Shackelford County, 407 thousand reported
MUSSELMAN,J.E., SR. — gas, Galbraith, Dallas S., Shackelford County, 406 thousand reported
NEWELL, W. P. -B- — oil, Holson Well Service, Shackelford County, 402 thousand reported
NAIL XB — gas, Jacobs, C. E., Co., Shackelford County, 397 thousand reported
STEPHENS "21" — gas, Southern Exploration, Inc., Shackelford County, 388 thousand reported
STASNEY 4 — gas, Enserch Exploration, Inc, Shackelford County, 382 thousand reported
NE SHACKELFORD UNIT — oil, Jones Company, Ltd., Shackelford County, 369 thousand reported
COMPTON — gas, Breck Operating Corp., Shackelford County, 367 thousand reported
EASTER BROTHERS — gas, Keating Energy, Inc., Shackelford County, 366 thousand reported
COTTLE — gas, Grothe Bros., Shackelford County, 362 thousand reported
NEWELL, W. P., -A- — oil, Momentum Operating Co., Inc., Shackelford County, 362 thousand reported
NEWTON — gas, Momentum Operating Co., Inc., Shackelford County, 359 thousand reported
COTTLE — gas, Davis Enterprises, Shackelford County, 358 thousand reported
MATTHEWS TRUST "14" — gas, Clear Fork, Incorporated, Shackelford County, 354 thousand reported
DELAFOSSE "C" — gas, Breck Operating Corp., Shackelford County, 354 thousand reported
RODRIGUEZ — gas, Sequoia Fossil Fuels, Inc., Shackelford County, 353 thousand reported
MCKELVAIN, W. H. — gas, Galbraith, Dallas S., Shackelford County, 350 thousand reported
MCAFEE, CHARLES — gas, 4-M Operating Company, Shackelford County, 349 thousand reported
GROTHE, M. L. — gas, Keating Energy, Inc., Shackelford County, 348 thousand reported
CRANDALL — gas, Mcclymond, Ltd., Shackelford County, 346 thousand reported
ELLIOT, R. B. "18" — gas, Geonatural Resources, Inc., Shackelford County, 343 thousand reported
ELLIOTT — gas, Whitt Oil & Gas, Inc., Shackelford County, 338 thousand reported
WALKER-BUCKLER "78" — gas, Jones Company, Ltd., Shackelford County, 333 thousand reported
COTTLE — gas, Davis Enterprises, Shackelford County, 331 thousand reported
NAIL "M" — oil, Jones Company, Ltd., Shackelford County, 326 thousand reported
STUNKARD UNIT — gas, Van Operating, Ltd., Shackelford County, 323 thousand reported
HOOKER 24 — gas, Enserch Exploration, Inc, Shackelford County, 323 thousand reported
NAIL TRACT 3 A/C 2 — oil, Betwell Oil & Gas Company, Shackelford County, 318 thousand reported
NAIL RANCH "19" — oil, L.C.S. Production Company, Shackelford County, 308 thousand reported
SOUTH GREEN 55 — gas, Red-Tex Petroleum, Inc., Shackelford County, 302 thousand reported
JAMESON — gas, J & W Oil Co.-W. F., Shackelford County, 300 thousand reported
NEWELL RANCH G-3 — gas, Enserch Exploration, Inc, Shackelford County, 300 thousand reported
DAVIS — gas, L.C.S. Production Company, Shackelford County, 300 thousand reported
MONTGOMERY — gas, Arnot, W. G., JR., Shackelford County, 299 thousand reported
DAVIS "B" — gas, L.C.S. Production Company, Shackelford County, 297 thousand reported
COOK "X", SEC. 63 — gas, Young, Marshall R., Oil Co., Shackelford County, 297 thousand reported
OWENS, W. C. — gas, Sequoia Fossil Fuels, Inc., Shackelford County, 289 thousand reported
BRAZELL ELIZA "A" — gas, Bridwell Oil Co., Shackelford County, 281 thousand reported
GREEN SOUTH -C- — gas, Jones Company, Ltd., Shackelford County, 280 thousand reported
VINES, W. C. — gas, Sojourner Drilling Corporation, Shackelford County, 278 thousand reported
NAIL "23" — gas, Breck Operating Corp., Shackelford County, 277 thousand reported
REAMES "9" — gas, Millennium Operating Company, Shackelford County, 276 thousand reported
W-B — gas, Marjac Oil Company, Inc., Shackelford County, 270 thousand reported
B & D — gas, B & D Enterprises, Shackelford County, 270 thousand reported
NEWELL E-87 — gas, Enserch Exploration, Inc, Shackelford County, 268 thousand reported
WALKER-BUCKLER 379 — gas, Martin Petroleum Corp., Shackelford County, 262 thousand reported
ROYALL — gas, Grothe Bros., Shackelford County, 261 thousand reported
PITTMAN 826 — gas, Jones Company, Ltd., Shackelford County, 257 thousand reported
MUSSELMAN "24" — gas, Millennium Operating Company, Shackelford County, 257 thousand reported
ROBERTS 50 — oil, Brooks, E. B., JR., Shackelford County, 257 thousand reported
DAWSON & CONWAY -B- — oil, Jones Company, Ltd., Shackelford County, 257 thousand reported
GUY RANCH — gas, L.C.S. Production Company, Shackelford County, 255 thousand reported
EAST MORAN/WEIR — gas, Russell, T. Operating Inc., Shackelford County, 255 thousand reported
NEWELL 12-12 — gas, Enserch Exploration, Inc, Shackelford County, 250 thousand reported
SMITH — gas, Benabou, Elie Production Co., Shackelford County, 249 thousand reported
CHISM — gas, Millennium Operating Company, Shackelford County, 247 thousand reported
COOK, SEC. 81 — gas, Stasney, H. R. & Sons, Ltd., Shackelford County, 244 thousand reported
TRICE, W. G., MRS. — gas, Hogan, Wayne Oil Co., Shackelford County, 238 thousand reported
NAIL WC — gas, Jacobs, C. E., Co., Shackelford County, 238 thousand reported
NEWELL "12-2" — gas, Throckmorton Oil, Inc., Shackelford County, 236 thousand reported
WALKER-BUCKLER — gas, Sojourner Drilling Corporation, Shackelford County, 236 thousand reported
ACKERS (MORRIS SAND) UNIT — oil, Hughes & Patterson Oper. Corp., Shackelford County, 232 thousand reported
SMITH, W. R. — gas, Van Operating, Ltd., Shackelford County, 232 thousand reported
ROBERTS, WADE "47" — gas, Mcclymond, Ltd., Shackelford County, 232 thousand reported
STUNKARD UNIT — gas, Van Operating, Ltd., Shackelford County, 230 thousand reported
MORRIS COTTLE -B- — gas, Breck Operating Corp., Shackelford County, 230 thousand reported
WALKER ESTATE — gas, KC Resources, Inc., Shackelford County, 229 thousand reported
ROYALL — gas, Grothe Bros., Shackelford County, 229 thousand reported
WALKER-BUCKLER TRUST, ET AL — gas, Momentum Operating Co., Inc., Shackelford County, 227 thousand reported
FLIPPEN UNIT — gas, Eastland Exploration, Inc., Shackelford County, 226 thousand reported
DAVIS "B" — gas, L.C.S. Production Company, Shackelford County, 222 thousand reported
THOMPSON, JOSH — oil, Breck Operating Corp., Shackelford County, 221 thousand reported
SOUTH GREEN "68B" — gas, Jones Company, Ltd., Shackelford County, 220 thousand reported
SNYDER "66" — gas, Snyder Drilling Corp., Shackelford County, 218 thousand reported
WOODWARD 93 — oil, Jacobs, C. E., Co., Shackelford County, 218 thousand reported
NAIL RANCH "19" — oil, T-N-T Engineering, Inc., Shackelford County, 214 thousand reported
NAIL "WE" — oil, Jacobs, C. E., Co., Shackelford County, 213 thousand reported
SPURGIN,KENNITH — gas, Jones Company, Ltd., Shackelford County, 212 thousand reported
PARISH, W. A. — gas, Breck Operating Corp., Shackelford County, 211 thousand reported
COTTLE — gas, Davis Enterprises, Shackelford County, 207 thousand reported
DAVIS, MERRICK "23" — gas, Mckee, Kenneth W. Oil Co., Shackelford County, 206 thousand reported
PALM, F. N. — gas, Stasney Well Service, LLC, Shackelford County, 205 thousand reported
BROOKS, TOM — gas, Grothe Bros., Shackelford County, 205 thousand reported
WALKER-BUCKLER TRUST (TR.15) — gas, Keating Energy, Inc., Shackelford County, 205 thousand reported
MORRIS, J. P. — oil, Frontier Operating Corporation, Shackelford County, 204 thousand reported
DAVIS, G. R. — gas, Momentum Operating Co., Inc., Shackelford County, 203 thousand reported
DAVIS "B" — gas, L.C.S. Production Company, Shackelford County, 199 thousand reported
GUY RANCH — gas, L.C.S. Production Company, Shackelford County, 199 thousand reported
WALKER BUCKLER UNIT — oil, Stephens & Johnson Operating Co., Shackelford County, 199 thousand reported
SOUTH GREEN 55 — gas, Red-Tex Energy Services, Inc., Shackelford County, 197 thousand reported
DAVIS "B" — gas, L.C.S. Production Company, Shackelford County, 196 thousand reported
STEPHENS "21" — gas, Southern Exploration, Inc., Shackelford County, 195 thousand reported
NAIL RANCH "41B" — oil, L.C.S. Production Company, Shackelford County, 193 thousand reported
HENDRICK 77A — oil, Jacobs, C. E., Co., Shackelford County, 193 thousand reported
MATTHEWS '19' — gas, Millennium Operating Company, Shackelford County, 191 thousand reported
CASEY, W.M. 30 — gas, Ep Operating Limited Partnership, Shackelford County, 190 thousand reported
GUY RANCH — gas, L.C.S. Production Company, Shackelford County, 190 thousand reported
NAIL "99" — gas, Breck Operating Corp., Shackelford County, 189 thousand reported
WALKER-BUCKLER TRUST TR. 21 — gas, Keating Energy, Inc., Shackelford County, 187 thousand reported
TRUST "H. T. & B." UNIT — gas, Van Operating, Ltd., Shackelford County, 185 thousand reported
RICHTER 34 — gas, Clear Fork, Incorporated, Shackelford County, 182 thousand reported
DAVIS, G.R. — gas, Momentum Operating Co., Inc., Shackelford County, 181 thousand reported
GRANT, OPAL — gas, Jones Company, Ltd., Shackelford County, 180 thousand reported
DOSS, FRANK — gas, Van Operating, Ltd., Shackelford County, 177 thousand reported
REAMES 'A' — gas, Millennium Operating Company, Shackelford County, 177 thousand reported
JONES, DELTON — gas, Breck Operating Corp., Shackelford County, 177 thousand reported
NAIL 80S — oil, Jacobs, C. E., Co., Shackelford County, 175 thousand reported
NEWELL 114-A — gas, DH Operating, Inc., Shackelford County, 175 thousand reported
GARRETT — gas, H.A.N. Operating Incorporated, Shackelford County, 174 thousand reported
BURLESON "34" — gas, Van Operating, Ltd., Shackelford County, 173 thousand reported
STASNEY 4 — oil, Clear Fork, Incorporated, Shackelford County, 172 thousand reported
HOOKER 24A — gas, Enserch Exploration, Inc, Shackelford County, 172 thousand reported
MATTHEWS "23" — gas, Jones Company, Ltd., Shackelford County, 171 thousand reported
ELLIOTT — gas, Whitt Oil & Gas, Inc., Shackelford County, 171 thousand reported
RICHTER 34 — gas, Enserch Exploration, Inc, Shackelford County, 169 thousand reported
NEWELL 12-2 — gas, Enserch Exploration, Inc, Shackelford County, 168 thousand reported
FLAT ROCK — gas, Cooper Oil & Gas, LLC, Shackelford County, 167 thousand reported
HUDMAN — gas, J & W Oil Co.-W. F., Shackelford County, 167 thousand reported
ELLIS-FARMER "D" — gas, R & R Royalties, Shackelford County, 166 thousand reported
VALDEZ — gas, Van Operating, Ltd., Shackelford County, 166 thousand reported
NAIL "42" — oil, Breck Operating Corp., Shackelford County, 162 thousand reported
WALKER-BUCKLER 72 — gas, Dragoon Oil & Gas Co., Shackelford County, 161 thousand reported
NAIL ZG — oil, Jacobs, C. E., Co., Shackelford County, 161 thousand reported
SOUTH GREEN 69 — gas, Southern Exploration, Inc., Shackelford County, 160 thousand reported
NAIL RANCH 42B — oil, L.C.S. Production Company, Shackelford County, 159 thousand reported
GLENN LEECH ET AL — gas, Yeates, F. L., Shackelford County, 159 thousand reported
ELLIOTT 49 — gas, Breck Operating Corp., Shackelford County, 159 thousand reported
NAIL 135 (M-J) — oil, Jones Company, Ltd., Shackelford County, 156 thousand reported
COTTLE, JERRY — gas, R.P.Wilson, Inc., Shackelford County, 155 thousand reported
ROGERS — gas, Grothe, M. L. Oil Co., Shackelford County, 152 thousand reported
SOUTH GREEN "58" — oil, Jones Company, Ltd., Shackelford County, 151 thousand reported
DAVIS ESTATE "80" — gas, Continual Oil & Gas, Inc., Shackelford County, 150 thousand reported
EKDAHL — gas, G & F Oil, Inc., Shackelford County, 150 thousand reported
SOUTH GREEN "60" — gas, Jones Company, Ltd., Shackelford County, 149 thousand reported
COTTLE — gas, Davis Enterprises, Shackelford County, 147 thousand reported
J. F. SEDWICK — gas, Basin Operating Inc., Shackelford County, 147 thousand reported
CROMERA (MORAN) UNIT — oil, Bridwell Oil Co., Shackelford County, 146 thousand reported
PITZER-395 — gas, Thornton, Michael D., Shackelford County, 146 thousand reported
LEE, T. W. -A- — oil, Centaur Petroleum Corporation, Shackelford County, 145 thousand reported
NEWELL 12-4 — gas, Enserch Exploration, Inc, Shackelford County, 145 thousand reported
MATTHEWS "19" — gas, Breck Operating Corp., Shackelford County, 144 thousand reported
DAVIS "B" — gas, L.C.S. Production Company, Shackelford County, 143 thousand reported
NEWELL 12-2 — gas, Enserch Exploration, Inc, Shackelford County, 143 thousand reported
GUY RANCH — gas, L.C.S. Production Company, Shackelford County, 142 thousand reported
SNYDER "32A" — gas, Van Operating, Ltd., Shackelford County, 139 thousand reported
NEWELL 12-5 — gas, Enserch Exploration, Inc, Shackelford County, 138 thousand reported
GUY RANCH — gas, L.C.S. Production Company, Shackelford County, 137 thousand reported
BELCHER "549" — gas, Van Operating, Ltd., Shackelford County, 136 thousand reported
GUY RANCH — gas, L.C.S. Production Company, Shackelford County, 135 thousand reported
GREEN 1568 — gas, Enserch Exploration, Inc, Shackelford County, 134 thousand reported
HAYDEN-HUBBARD (MORAN SAND) UNIT — oil, Benson & Schoen Oil Co., Inc., Shackelford County, 133 thousand reported
BLANTON, EDNA DILLER — gas, Burk Royalty Co., Ltd., Shackelford County, 133 thousand reported
COOK, W. I. — oil, Young, Marshall R., Oil Co., Shackelford County, 133 thousand reported
WILLIAMS, LOREN 37 — gas, Concho Oilfield Service, Inc., Shackelford County, 132 thousand reported
MACKEY, A. W. — oil, Stephens & Johnson Operating Co., Shackelford County, 132 thousand reported

Production figures are as reported to the Railroad Commission of Texas. Values shown on lease pages are estimates produced by fitting a decline curve to that reported history; they are not offers or appraisals.