Hi, My sister just got an offer to purchase her mineral rights (which leads me to believe I will be getting a similar offer soon since we both inherited these royalties).
The offer is $3000/ per mineral acre in Section 30, 5n 3w, McClain County.
Is this a good offer? (she is interested in selling a few of hers right now if the offer is right)
Thanks so much!
Jeni
Just as a general rule, all first offers are lower than the actual value. Usually by quite a bit.
Are you getting paid on the wells that are currently producing in that section? Sometimes a company will offer an amount and then discount it if you already have production.
Horizontal drilling is moving into that township from the west side. You might want to hang on for a while if you can. If she really needs to sell, then she can sell part and not all. Contact other buyers (some listed in the MKT PLACE) listed above and some listed in the NARO web site. Get multiple bids.
Definitely contact other buyers, but research the environment. There is a lot of money, private equity money, pumped into Oklahoma right now to buy minerals. They are bidding against each other, thus raising the price. I will say 3k an acre is to low, (even if your minerals are worth less) just because of the hype I think you could get that any day of the week, but depending on the geology in your section there is a possibility to get cash today, that could take 10, 15 or more years to get the same amount.
Hi, I know a few companies buying minerals in this area if you would like any referrals.
Hi, Patrick. I have 5 acres of mineral rights in Sec. 33, McClain County. May I have some referrals. I'd like to sell. Thanks Toni [email protected]
Hey Jennifer. Did you end up selling your mineral rights? I am sure you could get much more that $3000.00
Just received offer in mail today to buy my mineral interest in section 25 06N04W. Their offer was $5,500 per net mineral acre. They will buy part or all, company is Pentex.
I'm not interested in selling, just recently was leased @$4000 an acre.
We have sec 24 06 n 04 w and were notified we are getting a well drilled. Hang on maybe. I think I saw you’re section was included. I think they are drilling from 36 thru 25 to 24.