# Ector County Buy Offer
**URL:** https://www.mineralrightsforum.com/t/ector-county-buy-offer/80794
**Category:** Ector County, TX
**Created:** [April 7, 2025, 8:55pm UTC](https://www.mineralrightsforum.com/t/ector-county-buy-offer/80794 "2025-04-07T20:55:59Z")
**Posts on this page:** 9
**Page:** 1
### Author:  [@elm913](https://www.mineralrightsforum.com/u/elm913)
#### Post date: [April 7, 2025, 8:55pm UTC](https://www.mineralrightsforum.com/t/ector-county-buy-offer/80794/1 "2025-04-07T20:55:59Z")
Location: Sec 16, Block 42, Township 2 South, Ector County, Texas, Orchard Tract 1
We received an offer from Venture Royalty Partners out of Ft. Worth offering $1,500/Acre lease bonus, 5 year w/ 2 year option, 25% cost free.
For comparison I’d appreciate any input if anyone has received offers in the above location. I’m assuming the bonus is low since it’s the first offer. Probably negotiate for 3 years?
Thanks.
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### Author:  [@elm913](https://www.mineralrightsforum.com/u/elm913)
#### Post date: [April 8, 2025, 10:40pm UTC](https://www.mineralrightsforum.com/t/ector-county-buy-offer/80794/4 "2025-04-08T22:40:43Z")
You are correct, thanks. Any ideas on whether $1,500/acre is decent? This location is inside Odessa city limits, so I’m thinking a horizontal production well is planned.
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### Author:  [@AJ11](https://www.mineralrightsforum.com/u/AJ11)
#### Post date: [April 10, 2025, 9:46am UTC](https://www.mineralrightsforum.com/t/ector-county-buy-offer/80794/5 "2025-04-10T09:46:51Z")
If your surface land is also going to be used as the drilling pad/location—and the company has no other location options—could your property be worth much more? Do you have a single town lot or several acres? See the recent Midland Reporter-Telegram article about Midland College’s negotiations with an oil company regarding a drilling pad.
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### Author:  [@Shawn\_Orton](https://www.mineralrightsforum.com/u/Shawn_Orton)
#### Post date: [May 10, 2025, 9:50pm UTC](https://www.mineralrightsforum.com/t/ector-county-buy-offer/80794/6 "2025-05-10T21:50:21Z")
Interesting! I too have been approached to purchase a leasehold by the same company! My property is Section 20, Block 42, Township 2 South. I basically was raised to never sell mineral rights! But this property would have me as a working interest partner. Curious if you decided to sell?
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### Author:  [@AJ11](https://www.mineralrightsforum.com/u/AJ11)
#### Post date: [May 12, 2025, 4:52pm UTC](https://www.mineralrightsforum.com/t/ector-county-buy-offer/80794/7 "2025-05-12T16:52:10Z")
Does “working interest partner” mean you would be going into business with individuals you have never met? Would a conventional lessor to lessee oil and gas lease (approved by your O&G attorney) be an easier path to follow? I asked AI for information about working interest partner in an oil well and this was part of the response: “Unlike a royalty interest owner—who earns a portion of the profits without covering any costs—a working interest partner is financially responsible for things like drilling, equipment, and maintenance. Their share of the profits depends on their percentage of ownership in the well.”
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### Author:  [@Shawn\_Orton](https://www.mineralrightsforum.com/u/Shawn_Orton)
#### Post date: [May 12, 2025, 5:46pm UTC](https://www.mineralrightsforum.com/t/ector-county-buy-offer/80794/8 "2025-05-12T17:46:50Z")
Basically, I would not see any monies for a long time since I wouldn’t be able to pay upfront costs. I’d be a JIB (joint interest billing) owner! Until the production pays off my debt… any monies would be withheld. It could be years before I get a check! But I was raised to never sell mineral interests. Sadly I’m not a royalty owner on this property.
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### Author:  [@AJ11](https://www.mineralrightsforum.com/u/AJ11)
#### Post date: [May 13, 2025, 2:34am UTC](https://www.mineralrightsforum.com/t/ector-county-buy-offer/80794/10 "2025-05-13T02:34:48Z")
Do you own minerals in the parcel description you shared? If not, what sort of ownership do you have? If you own minerals, why would you not simply lease your minerals to the company with a traditional oil and gas lease (approved by your attorney)?
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### Author:  [@elm913](https://www.mineralrightsforum.com/u/elm913)
#### Post date: [May 24, 2025, 8:05pm UTC](https://www.mineralrightsforum.com/t/ector-county-buy-offer/80794/11 "2025-05-24T20:05:21Z")
Did Venture make you an offer to lease?
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [July 6, 2025, 8:56pm UTC](https://www.mineralrightsforum.com/t/ector-county-buy-offer/80794/12 "2025-07-06T20:56:55Z")
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