# Canadian County OK Mineral Rights Offer
**URL:** https://www.mineralrightsforum.com/t/canadian-county-ok-mineral-rights-offer/2971
**Category:** General Mineral Rights Discussion
**Created:** [April 22, 2017, 10:08pm UTC](https://www.mineralrightsforum.com/t/canadian-county-ok-mineral-rights-offer/2971 "2017-04-22T22:08:52Z")
**Posts on this page:** 6
**Page:** 1
### Author:  [@Steve\_Campbell](https://www.mineralrightsforum.com/u/Steve_Campbell)
#### Post date: [April 22, 2017, 10:08pm UTC](https://www.mineralrightsforum.com/t/canadian-county-ok-mineral-rights-offer/2971/1 "2017-04-22T22:08:52Z")
Our family owns 5 acres of mineral rights in Canadian County, Township 10N, Section 6. We’ve been receiving offers for several months now on a portion of it, 1.8 acres. Some offers were as high as $11,000 per acre. We aren’t at all knowledgeable about any of it. We have now been told that they are setting up a well in Section 6. We are seeking advice on whether we should sell or wait to see if there will be royalties. We understand our royalties will probably be very small since it’s such a small amount of land. Our lease is 3/16. Any advice or comments would be greatly appreciated.
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### Author:  [@Fracguy](https://www.mineralrightsforum.com/u/Fracguy)
#### Post date: [April 22, 2017, 10:35pm UTC](https://www.mineralrightsforum.com/t/canadian-county-ok-mineral-rights-offer/2971/2 "2017-04-22T22:35:06Z")
You need to post the Township and Range. This very active area minerals could be worth quite a bit more than $11,000/acre or could produce nice revenue stream. Do not underestimate value.
Cannot provide guidelines without knowing the location though.
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### Author:  [@Steve\_Campbell](https://www.mineralrightsforum.com/u/Steve_Campbell)
#### Post date: [April 22, 2017, 11:04pm UTC](https://www.mineralrightsforum.com/t/canadian-county-ok-mineral-rights-offer/2971/3 "2017-04-22T23:04:49Z")
Thank you for responding. It’s Canadian County, Oklahoma. Township 10N, Range 5W, Section 6.
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### Author:  [@Gary\_L\_Hutchinson](https://www.mineralrightsforum.com/u/Gary_L_Hutchinson)
#### Post date: [April 23, 2017, 8:42pm UTC](https://www.mineralrightsforum.com/t/canadian-county-ok-mineral-rights-offer/2971/4 "2017-04-23T20:42:16Z")
Steve,
You have nothing to lose by waiting until you get a Division Order or royalty payment that describes your actual title. Don’t take anybody’s word for how much you actually own. Then you can decide what is best for you and know what you have that is salable.
If you think $11,000 per acre is good, read and understand how and when you get paid before accepting. Read the forum and you will learn that the true value will not diminish in a short time. $11,000 most likely doesn’t represent the definition of Fair Market Value anyway. Only you can determine that through education.
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### Author:  [@Steve\_Campbell](https://www.mineralrightsforum.com/u/Steve_Campbell)
#### Post date: [April 23, 2017, 8:59pm UTC](https://www.mineralrightsforum.com/t/canadian-county-ok-mineral-rights-offer/2971/5 "2017-04-23T20:59:01Z")
Thank you for responding and your advice. We appreciate it.
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [August 14, 2018, 10:31pm UTC](https://www.mineralrightsforum.com/t/canadian-county-ok-mineral-rights-offer/2971/6 "2018-08-14T22:31:06Z")