Three members in our family share mineral rights in 60 acres at 1/8 royalty. Since my original posting we have received numerous offers from 5-6 companies. The latest offer was for $8,450 (3/16) which equates to $5,633per acre @ 1/8.

This offer seems low compared to some that I have seen on this forum. Does this seem like a reasonable offer considering where our mineral rights are located?

I appreciate any assistance!

Thanks Cecil.

Our latest offer was $11,200 (3/16)

Who was the $11,200 offer from?

Last offer was $13,050 (3/16) or$8,700 (1/8) from Echo.

Crestwood Exploration is competing with them.