Received Offer to Buy my interest in Mineral Rights. What is the long term potential?

Oklahoma Mineral Rights Canadian County, OK
1

My Family Trust has a Oil & Gas Lease on 160 Acres in Canadian Co. OK (Mineral Owners Only not Land) at SW/4 Sect 32-11N-10W. I live a long distance from this location, I would love someone to take Picture of this Section and Post to me. My main question is I just received an offer to buy my mineral interest at $2,700.00 per net mineral acre (nma). I was wondering if this is even close to going rate and if not what is a good offer? I would rather just Lease forever but is there any long term potential for Production at this Section. thanks

2

I have received offers of $5k per acre for my interests in a nearby section. As others on this forum will tell you, an initial unsolicited offer is usually a low one. What company is making the offer?

3

Route 66 Minerals LP

4

Rt. 66 offers are generally low. you can actually log into county clerk site, search mineral deeds and calculate sale prices $1.50/$1000 . $30 in deed stamps = $20,000 sale price. Not all deeds state the net mineral acres. Find the ones that do.

5

Ok good info, thanks

6

Hi Robert. That offer seems low compared to what I have seen in the area. If you have any interest in selling or are currently looking to lease your interest, please send me a message. The company I work for is currently interested in Canadian County interests.