How do I know if I should sell my interest?

Oklahoma Mineral Rights Beaver County, OK
1

Hello,

I just received an insert, along with my interest check from Latigo Oil & Gas, offering to “purchase royalty and/or mineral interests, overriding royalty interests, or working interests of any owner in our existing operated well system”. Before I inquire what their offer would be, I’d like to know how to find out what a fair offer would be.

Thank you, DRP

2

A very very simple answer is 48 to 60 months of the average revenue payment you’ve received for the last three months. For example, if JUly revenue was $95.00, August was $105, and September was $100, then the average is $100.00. So the very general rule of thumb would be $4800 to $6000.00.

Now, if there were additional wells to be drilled or you were in a hot area of Oklahoma (mcclain or Garvin county), then the value would be greater.

There has been a little bit of increased activity in Beaver county lately. You can determine if there has been leasing near your section by going on okcountyrecords.com

3

Beaver County has little to no value.

4

Thank you for the formula. Very helpful.

5

Billionaire sounds like a bottom-fishing buyer! Lol. Just teasing, Billionaire.

6

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