# Buy offer on Section 24 9N 4W
**URL:** https://www.mineralrightsforum.com/t/buy-offer-on-section-24-9n-4w/45674
**Category:** McClain County, OK
**Created:** [May 8, 2019, 8:09pm UTC](https://www.mineralrightsforum.com/t/buy-offer-on-section-24-9n-4w/45674 "2019-05-08T20:09:49Z")
**Posts on this page:** 18
**Page:** 1
### Author:  [@Joe\_S](https://www.mineralrightsforum.com/u/Joe_S)
#### Post date: [May 8, 2019, 8:09pm UTC](https://www.mineralrightsforum.com/t/buy-offer-on-section-24-9n-4w/45674/1 "2019-05-08T20:09:49Z")
Got an offer to buy for 13k-18k per acre from some outfit called Nickel River Royalties. The highest offers I was getting before was about 8k I think. It just got drilled so somebody must feel good about production! In the offer they use the line “I worked with you in the past on an Oil and Gas lease and have been trying to get in touch with you.” That was pure comedy! It is quite creative. Can’t wait to see what production is.
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### Author:  [@Chance](https://www.mineralrightsforum.com/u/Chance)
#### Post date: [May 8, 2019, 8:37pm UTC](https://www.mineralrightsforum.com/t/buy-offer-on-section-24-9n-4w/45674/2 "2019-05-08T20:37:47Z")
I got the same offer letter with the same “I worked with you in the past” line haha.
Same offer but about 20 miles south of you. Have you reached out to them? Doubt it’s a real offer on my interest. If so, they’re paying 3X more than anyone else…
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### Author:  [@Joe\_S](https://www.mineralrightsforum.com/u/Joe_S)
#### Post date: [May 9, 2019, 2:37am UTC](https://www.mineralrightsforum.com/t/buy-offer-on-section-24-9n-4w/45674/3 "2019-05-09T02:37:48Z")
No. The lease company did offer 10k, I just checked. It is real. They offer that because they make a whole lot more easily. Can’t wait!
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### Author:  [@Chance](https://www.mineralrightsforum.com/u/Chance)
#### Post date: [May 9, 2019, 9:22pm UTC](https://www.mineralrightsforum.com/t/buy-offer-on-section-24-9n-4w/45674/4 "2019-05-09T21:22:30Z")
They would need about 7 wells to get their money back in 10 years if they really paid 18K an acre for a mineral interest leased at a 3/16th royalty. This is at $55 oil. Do they plan to drill Miss. wells up in 9N-4W? If not, that could really limit the amount of wells drilled.
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### Author:  [@kylerb](https://www.mineralrightsforum.com/u/kylerb)
#### Post date: [May 9, 2019, 9:36pm UTC](https://www.mineralrightsforum.com/t/buy-offer-on-section-24-9n-4w/45674/5 "2019-05-09T21:36:53Z")
If that is a real offer, that is substantially above market value that far east in the Township. Definitely worth some consideration in my opinion.
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### Author:  [@Joe\_S](https://www.mineralrightsforum.com/u/Joe_S)
#### Post date: [May 10, 2019, 1:49am UTC](https://www.mineralrightsforum.com/t/buy-offer-on-section-24-9n-4w/45674/6 "2019-05-10T01:49:56Z")
I will ask them what the offer is for the heck of it. You would think 18k would be for a 1/4 lease. They also mentioned leasing for 4000-7000 per acre.
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### Author:  [@Joe\_S](https://www.mineralrightsforum.com/u/Joe_S)
#### Post date: [May 14, 2019, 4:44pm UTC](https://www.mineralrightsforum.com/t/buy-offer-on-section-24-9n-4w/45674/7 "2019-05-14T16:44:30Z")
I got a reply from the dude. He said the offer (13-18k) was based on a 1/4! I replied so, 18k is a 1/4? So wouldn’t 3/16 be 13K? Dude is throwing out pie in the sky apparently. He did say 9-10k depending on amount of acreage.
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### Author:  [@kylerb](https://www.mineralrightsforum.com/u/kylerb)
#### Post date: [May 14, 2019, 5:04pm UTC](https://www.mineralrightsforum.com/t/buy-offer-on-section-24-9n-4w/45674/8 "2019-05-14T17:04:24Z")
If they are paying $18,000/ac at 1/4, 3/16 would be $13,500/ac. $13,500/ac is way more than anything on the east line of 9N-4W is worth. It’s definitely worth exploring, but you should clarify the terms first.
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### Author:  [@Joe\_S](https://www.mineralrightsforum.com/u/Joe_S)
#### Post date: [May 14, 2019, 5:29pm UTC](https://www.mineralrightsforum.com/t/buy-offer-on-section-24-9n-4w/45674/9 "2019-05-14T17:29:10Z")
I am not selling even if they offered 18k. Owning minerals is like owning land. Long term I am going to make my money.
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### Author:  [@kylerb](https://www.mineralrightsforum.com/u/kylerb)
#### Post date: [May 14, 2019, 9:20pm UTC](https://www.mineralrightsforum.com/t/buy-offer-on-section-24-9n-4w/45674/10 "2019-05-14T21:20:05Z")
I agree with you to some degree. At the end of the day it’s a choice based on the situation, and whether or not you want to take the calculated return up front vs. seeing what may happen, for better or worse. My pop was in the business and once told me that you should always entertain an offer, everything has a price and you never know when someone is going to reach it. Glad to hear there’s some interest on in that part of the Township. Good luck to you my friend!
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### Author:  [@David\_Z](https://www.mineralrightsforum.com/u/David_Z)
#### Post date: [May 14, 2019, 9:27pm UTC](https://www.mineralrightsforum.com/t/buy-offer-on-section-24-9n-4w/45674/11 "2019-05-14T21:27:23Z")
I just got the same letter from Nickel River but for land in far West Texas!
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### Author:  [@Chance](https://www.mineralrightsforum.com/u/Chance)
#### Post date: [May 15, 2019, 8:27am UTC](https://www.mineralrightsforum.com/t/buy-offer-on-section-24-9n-4w/45674/12 "2019-05-15T08:27:41Z")
I’ve tried to call the offer letter 4 times in 2 weeks. Zero response.
Anyone had any luck?
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### Author:  [@Joe\_S](https://www.mineralrightsforum.com/u/Joe_S)
#### Post date: [May 15, 2019, 1:07pm UTC](https://www.mineralrightsforum.com/t/buy-offer-on-section-24-9n-4w/45674/13 "2019-05-15T13:07:36Z")
I emailed and the response took a week. I think it is by design. They want to see how bad you want to sell, and are waiting for a desperate follow-up email I think! I never did that. At the end of the day, they are offering what everybody else is, 9-10k per acre.
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### Author:  [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [May 15, 2019, 2:08pm UTC](https://www.mineralrightsforum.com/t/buy-offer-on-section-24-9n-4w/45674/14 "2019-05-15T14:08:38Z")
If you decide to sell, never hand over a deed without getting a cashier’s check. No drafts!
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### Author:  [@M\_B](https://www.mineralrightsforum.com/u/M_B)
#### Post date: [August 22, 2019, 10:51pm UTC](https://www.mineralrightsforum.com/t/buy-offer-on-section-24-9n-4w/45674/15 "2019-08-22T22:51:08Z")
Hey Joe, do you happen to have their contact info? I’ve been having trouble reaching Nickel River!
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### Author:  [@Joe\_S](https://www.mineralrightsforum.com/u/Joe_S)
#### Post date: [October 4, 2019, 4:39pm UTC](https://www.mineralrightsforum.com/t/buy-offer-on-section-24-9n-4w/45674/16 "2019-10-04T16:39:35Z")
I will clean my desk and see if I can find it. Sorry I just saw this!
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### Author:  [@M\_B](https://www.mineralrightsforum.com/u/M_B)
#### Post date: [October 9, 2019, 11:15pm UTC](https://www.mineralrightsforum.com/t/buy-offer-on-section-24-9n-4w/45674/17 "2019-10-09T23:15:35Z")
Hi Joe, thank you so much! I appreciate your help!
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### Author:  [@Forum\_Administrator](https://www.mineralrightsforum.com/u/Forum_Administrator)
#### Post date: [October 9, 2019, 11:19pm UTC](https://www.mineralrightsforum.com/t/buy-offer-on-section-24-9n-4w/45674/18 "2019-10-09T23:19:05Z")