# 1N 1W sect 24
**URL:** https://www.mineralrightsforum.com/t/1n-1w-sect-24/54337
**Category:** Garvin County, OK
**Created:** [December 28, 2019, 4:09pm UTC](https://www.mineralrightsforum.com/t/1n-1w-sect-24/54337 "2019-12-28T16:09:56Z")
**Posts on this page:** 9
**Page:** 1
### Author:  [@Phil\_Chivers](https://www.mineralrightsforum.com/u/Phil_Chivers)
#### Post date: [December 28, 2019, 4:09pm UTC](https://www.mineralrightsforum.com/t/1n-1w-sect-24/54337/1 "2019-12-28T16:09:56Z")
Received a purchase offer for 5 acres, currently leased at 3/16ths. They have been calling me at least 1 time a week for the last two months.
Been receiving approximately $140/year royalty for 45 years from the two shallow wells there.
Offer is $7,000/acre. Continental is working here in a couple wells. I suspect that Plateau Energy will just flip it.
I think I might counter at $8K and see what happens.
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### Author:  [@Phil\_Chivers](https://www.mineralrightsforum.com/u/Phil_Chivers)
#### Post date: [February 18, 2020, 7:18pm UTC](https://www.mineralrightsforum.com/t/1n-1w-sect-24/54337/2 "2020-02-18T19:18:38Z")
Today, we received an $8,000/acre offer for this 5 acres. They are sending a full contract for review and signature. The company is Antelope Oil out of OK City. I’ll do some research on the company before signing.
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### Author:  [@oupack](https://www.mineralrightsforum.com/u/oupack)
#### Post date: [February 18, 2020, 7:47pm UTC](https://www.mineralrightsforum.com/t/1n-1w-sect-24/54337/3 "2020-02-18T19:47:31Z")
Golden rule is to only exchange deed for check. NO bank drafts and never send executed deed to buyer without payment.
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### Author:  [@Phil\_Chivers](https://www.mineralrightsforum.com/u/Phil_Chivers)
#### Post date: [February 18, 2020, 8:25pm UTC](https://www.mineralrightsforum.com/t/1n-1w-sect-24/54337/4 "2020-02-18T20:25:49Z")
Absolutely! If we accept the terms in the contract, this will be a face-to-face transaction.
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### Author:  [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [February 18, 2020, 9:06pm UTC](https://www.mineralrightsforum.com/t/1n-1w-sect-24/54337/5 "2020-02-18T21:06:29Z")
Continental is drilling a horizontal well from section 19 into sections 23 & 24 right now. Your current royalties from shallow wells are completely different from revenue from a horizontal well with thousands of feet of perforations (if successful). They are buying your royalties from the drilling well and any future wells.
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### Author:  [@TODD\_M\_Baker](https://www.mineralrightsforum.com/u/TODD_M_Baker)
#### Post date: [February 19, 2020, 12:12am UTC](https://www.mineralrightsforum.com/t/1n-1w-sect-24/54337/6 "2020-02-19T00:12:31Z")
I believe M Barnes is talking about 1N-2W. There are no new activities with the OCC for 24-1N-1W. The wells she is talking about are being drilled from 19-1N-1W into 23 & 24-1N-2W. Please let me know if that is not correct.
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### Author:  [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [February 19, 2020, 1:46pm UTC](https://www.mineralrightsforum.com/t/1n-1w-sect-24/54337/7 "2020-02-19T13:46:23Z")
Todd is right. I was off by a township. Finger slipped on the keyboard.
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### Author:  [@Phil\_Chivers](https://www.mineralrightsforum.com/u/Phil_Chivers)
#### Post date: [February 19, 2020, 10:45pm UTC](https://www.mineralrightsforum.com/t/1n-1w-sect-24/54337/8 "2020-02-19T22:45:43Z")
Thank you for the update.
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [February 26, 2020, 4:10pm UTC](https://www.mineralrightsforum.com/t/1n-1w-sect-24/54337/9 "2020-02-26T16:10:05Z")
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