My brothers and I have been offered $5,000 per 4-acre parcel by Sandstone Energy. What do you think?
20 net acres in the NW/4 SW/4 Section 8-15N-10W, Blaine County, which resulted in a RI of .00390625 (640-acre unit).
Can I get more? It would really help and who would I call?
Katherine, I am a landman currently assigned this section. I sent you a friend request. The forum will not allow me to “talk shop” unless it is via private messaging. Let’s chat.
That is extremely low. Current going rates are about 3 times that offer. Do not sell for that price.
Are you selling the minerals or are you talking about the lease bonus offer?
I’m trying to understand the offer a little better. Are they offering $5,000 total dollars for 4 net acres? If so, that’s even worse. $5,000 per acre is an insulting offer, but if it’s actually $1,250 per acre ($5,000 for 4 NMA) it would almost be criminal in my opinion.
They’re offering $5,000 for 4 net mineral acres. So that would only bring in about $20,000, seems low. I’d like to find someone to pay more.
What’s a lease bonus offer? I see that Devon Energy wants to drill a sidewinder for gas and fracking on this exact piece.
I’d like to sell actually.
I recommend getting ahold of Harrison and Mecklenburg, Inc. They are a local attorney firm that has been in the area for a long time and represented mineral owners for leasing and sales of their minerals for a long time. They will be more in tune with current prices and buyers.
Harrison & Mecklenburg, Inc: 202 N 6th St Kingfisher, OK 73750 405-375-6484
Worth a call for sure even if you don’t use them, they can help educate a little more in the activity price and well results.
Did Sandstone happen to mention Devon filing the corporation commission activity for a new HZ well on your minerals in the last few weeks? If not, you might remind them about Croslin v. Enerlex, Oklahoma Supreme Court Case #109786.
Seems low but may be unknown factors.
Msg me and I can discuss privately.
No they did not mention them. I actually mentioned them as I had received paperwork from Devon.
Seems low to me, but I don’t know how much drilling they are doing in that area. FYI, I turned down an offer of $13,500 an acre for 13.3 acres but that was in 27-17-12.
That is way too cheap in there. I have 38 acres in 2-15N-10W. I have had offers up a lot from that.