# Considering Selling Part Of My (leased)Acreage
**URL:** https://www.mineralrightsforum.com/t/considering-selling-part-of-my-leased-acreage/22010
**Category:** Reeves County, TX
**Created:** [February 9, 2012, 10:04pm UTC](https://www.mineralrightsforum.com/t/considering-selling-part-of-my-leased-acreage/22010 "2012-02-09T22:04:59Z")
**Posts on this page:** 8
**Page:** 1
### Author:  [@Stephen\_Long](https://www.mineralrightsforum.com/u/Stephen_Long)
#### Post date: [February 9, 2012, 10:04pm UTC](https://www.mineralrightsforum.com/t/considering-selling-part-of-my-leased-acreage/22010/1 "2012-02-09T22:04:59Z")
Just wondering if anyone here has had experience/success in doing this?
Six tracts ranging from 5 acres to 20 acres… total of 68.75 acres. Most are 1/4 royalty with one being 1/5. Leased to Clayton Williams, Browning and Anadarko.
I have already had some unsolicited offers as the acreage is in and around new wells etc., but still not drilled.
My email is: [rlong53997@aol.com](mailto:rlong53997@aol.com)
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### Author:  [@Lori\_Smith](https://www.mineralrightsforum.com/u/Lori_Smith)
#### Post date: [February 9, 2012, 10:31pm UTC](https://www.mineralrightsforum.com/t/considering-selling-part-of-my-leased-acreage/22010/2 "2012-02-09T22:31:39Z")
I got one of those unsolicited offers. I called and agreed to listen to his offer, just out of curiosity. He never called back to make one, he just sent a sales contract for an amount of acreage we didn’t agree to, on letterhead from a different company than the first inquiry, for a total sales amount slightly LESS than the bonus I received on the five-year lease I signed last Spring. I would have preferred getting the offer on the phone so he could hear me laughing.
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### Author:  [@J\_Matthews](https://www.mineralrightsforum.com/u/J_Matthews)
#### Post date: [February 10, 2012, 3:17am UTC](https://www.mineralrightsforum.com/t/considering-selling-part-of-my-leased-acreage/22010/3 "2012-02-10T03:17:46Z")
This may not be the best venue for offering sales.
A couple of months ago I asked about how to determine the best price & got no response, but did get a couple of communications via private message that went nowhere.
It seems that nobody believes that someone actually wants to sell their rights unless there’s something wrong. :-/
I can only guess that the West Texas heat has some sort of effect… 😉
The last I heard was that a good sale price was 3-4 times the lease bonus.
As for me, I’ll hang on to my land until my will gives it to my family if I don’t get some sort of a serious offer.
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### Author:  [@Stephen\_Long](https://www.mineralrightsforum.com/u/Stephen_Long)
#### Post date: [February 10, 2012, 5:23am UTC](https://www.mineralrightsforum.com/t/considering-selling-part-of-my-leased-acreage/22010/4 "2012-02-10T05:23:46Z")
I understand completely, but I am also a believer in risk control and while prices are high, it never hurts to take some off the table and keep some for the hoped-for upside.
One or two poor completions can hold a region or area back.
Not that this is a concern right now, and I guess that’s my point.
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### Author:  [@Charles\_Laughlin](https://www.mineralrightsforum.com/u/Charles_Laughlin)
#### Post date: [February 10, 2012, 6:54am UTC](https://www.mineralrightsforum.com/t/considering-selling-part-of-my-leased-acreage/22010/5 "2012-02-10T06:54:57Z")
The only rule of thumb on pricing mineral interests I’ve ever seen was to take about 2-3 times the annual production. That naturally assumes there is production, and also that you know for certain no further oil/gas deposits are underneath the surface. Which you naturally can never know.
After many years of reading about such things, I’ve come to the conclusion that a mineral interest is worth what you get for it. And that it is, as a rule, not a good idea to sell one unless you are in dire need of cash right now and thus must sell. Otherwise you should think long-term, and that means not only you yourself, but also your descendants. Mineral interests are not short-term investments, and it’s impossible to set a price on them since there’s no market like there is for stocks and bonds.
There’s one more consideration in your case: if the tracts are already leased, they’re less interesting to a potential buyer because he will be bound into a lease he may not like, and will not have the chance to lease the interest himself, immediately gaining a bonus that might repay some or even most of his purchase price.
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### Author:  [@J\_Matthews](https://www.mineralrightsforum.com/u/J_Matthews)
#### Post date: [February 10, 2012, 1:02pm UTC](https://www.mineralrightsforum.com/t/considering-selling-part-of-my-leased-acreage/22010/6 "2012-02-10T13:02:13Z")
Good points, Charles, but I’m not sure about leased land being all that unattractive.
I would think that leases that are 3+2 years would still be attractive. At the end of the first 3 years you have the potential for another bonus and, if not, the land is free to lease (or it’s free from a lease within 2 years or less).
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### Author:  [@Charles\_Laughlin](https://www.mineralrightsforum.com/u/Charles_Laughlin)
#### Post date: [February 10, 2012, 2:24pm UTC](https://www.mineralrightsforum.com/t/considering-selling-part-of-my-leased-acreage/22010/7 "2012-02-10T14:24:04Z")
That assumes the lease is not “held by production,” and depending on the lease that may not even be “in paying amounts.” If there is any production whatever - maybe even in a pooled unit - the lease could be held for decades. A lease doesn’t simply expire at the end of the primary period unless nothing at all has been done either on the tract or in a pooled unit. And even then, the lease can be extended if the lessee is engaged in operations. It would depend on the exact circumstances whether a leased interest would still be of interest to a potential purchaser.
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [August 15, 2018, 3:57am UTC](https://www.mineralrightsforum.com/t/considering-selling-part-of-my-leased-acreage/22010/8 "2018-08-15T03:57:19Z")