# Activity in Section 17-T-ship 7N-R15E?
**URL:** https://www.mineralrightsforum.com/t/activity-in-section-17-t-ship-7n-r15e/6828
**Category:** Pittsburg County, OK
**Created:** [June 15, 2015, 8:42pm UTC](https://www.mineralrightsforum.com/t/activity-in-section-17-t-ship-7n-r15e/6828 "2015-06-15T20:42:45Z")
**Posts on this page:** 9
**Page:** 1
### Author:  [@Hugh\_Williamson](https://www.mineralrightsforum.com/u/Hugh_Williamson)
#### Post date: [June 15, 2015, 8:42pm UTC](https://www.mineralrightsforum.com/t/activity-in-section-17-t-ship-7n-r15e/6828/1 "2015-06-15T20:42:45Z")
I just received an offer from Echo Energy to pay $1,500 per net mineral acre for my NMAs owned here. Does anyone know of pending activity here–would this be a reasonable offer?
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### Author:  [@Claudia\_Kemmerer](https://www.mineralrightsforum.com/u/Claudia_Kemmerer)
#### Post date: [June 16, 2015, 4:22pm UTC](https://www.mineralrightsforum.com/t/activity-in-section-17-t-ship-7n-r15e/6828/2 "2015-06-16T16:22:36Z")
Are they wanting to purchase or to lease?
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### Author:  [@Hugh\_Williamson](https://www.mineralrightsforum.com/u/Hugh_Williamson)
#### Post date: [June 16, 2015, 4:34pm UTC](https://www.mineralrightsforum.com/t/activity-in-section-17-t-ship-7n-r15e/6828/3 "2015-06-16T16:34:29Z")
$1,500 per net mineral acre is their offer to Purchase.
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### Author:  [@Claudia\_Kemmerer](https://www.mineralrightsforum.com/u/Claudia_Kemmerer)
#### Post date: [June 16, 2015, 4:44pm UTC](https://www.mineralrightsforum.com/t/activity-in-section-17-t-ship-7n-r15e/6828/4 "2015-06-16T16:44:24Z")
I checked Pangaea and didn’t see any activity; however, my experience has been when the offers to purchase begin to come in, there is usually something in the works. I’d never accept an initial offer. Just my thoughts. There are more experienced folks who post here than I.
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### Author:  [@Hugh\_Williamson](https://www.mineralrightsforum.com/u/Hugh_Williamson)
#### Post date: [June 16, 2015, 4:53pm UTC](https://www.mineralrightsforum.com/t/activity-in-section-17-t-ship-7n-r15e/6828/5 "2015-06-16T16:53:58Z")
I checked Pangaea and didn’t see any activity; however, my experience has been when the offers to purchase begin to come in, there is usually something in the works. I’d never accept an initial offer. Just my thoughts. There are more experienced folks who post here than I.
Thank you, Claudia. I suspect you are very right.
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### Author:  [@Hugh\_Williamson](https://www.mineralrightsforum.com/u/Hugh_Williamson)
#### Post date: [June 16, 2015, 4:55pm UTC](https://www.mineralrightsforum.com/t/activity-in-section-17-t-ship-7n-r15e/6828/6 "2015-06-16T16:55:06Z")
I suspect you are very right. I will definitely wait and see what may happen.
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### Author:  [@Gary\_Dye](https://www.mineralrightsforum.com/u/Gary_Dye)
#### Post date: [November 13, 2015, 7:43pm UTC](https://www.mineralrightsforum.com/t/activity-in-section-17-t-ship-7n-r15e/6828/7 "2015-11-13T19:43:40Z")
Hugh,
Echo usually pays low prices and buys whatever they can get. I purchased minerals in Pitt County in September 2015 for $3000 per acre. The existing O&G lease had a 3/16ths royalty. If the existing O&G lease has a 1/8th royalty then I have been paying $2000 per acre. The reduction is very simple, an O&G lease with a 1/8th royalty will receive 1/3rd less revenue than an O&G lease with a 3/16ths royalty. Feel free to contact me if you think I can help you. Gary D.
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### Author:  [@Candice\_Crutchfield](https://www.mineralrightsforum.com/u/Candice_Crutchfield)
#### Post date: [May 11, 2018, 4:09pm UTC](https://www.mineralrightsforum.com/t/activity-in-section-17-t-ship-7n-r15e/6828/8 "2018-05-11T16:09:21Z")
Agreed. Initial letters mean it will be getting hot. Trust the process.
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [August 14, 2018, 11:40pm UTC](https://www.mineralrightsforum.com/t/activity-in-section-17-t-ship-7n-r15e/6828/9 "2018-08-14T23:40:33Z")