# Exploration Offer

**URL:** https://www.mineralrightsforum.com/t/exploration-offer/1790
**Category:** General Mineral Rights Discussion
**Created:** [October 13, 2017, 1:49am UTC](https://www.mineralrightsforum.com/t/exploration-offer/1790 "2017-10-13T01:49:51Z")
**Posts on this page:** 4
**Page:** 1

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### Author: ![Greg\_Shapley](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/g/b9bd4f/32.png) [@Greg\_Shapley](https://www.mineralrightsforum.com/u/Greg_Shapley)
#### Post date: [October 13, 2017, 1:49am UTC](https://www.mineralrightsforum.com/t/exploration-offer/1790/1 "2017-10-13T01:49:51Z")

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Hello,

Just received an offer for these terms:

Lease for $200 per net acre, 3/16th royalty, 3 year term.

Lease for $350 per net acre, 3/8th royalty, 3 year term.

Purchase for $600 per net acre.

We’re not familiar with this land. It is Sections 21 & 28-7N-2W in McClain County.

Any advice is appreciated.

Thanks, Greg

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### Author: ![Cole](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/c/53a042/32.png) [@Cole](https://www.mineralrightsforum.com/u/Cole)
#### Post date: [October 13, 2017, 2:25am UTC](https://www.mineralrightsforum.com/t/exploration-offer/1790/2 "2017-10-13T02:25:22Z")

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Seems low. What company is that?

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### Author: ![Richard\_Pruitt](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/richard_pruitt/32/4314_2.png) [@Richard\_Pruitt](https://www.mineralrightsforum.com/u/Richard_Pruitt)
#### Post date: [October 13, 2017, 1:06pm UTC](https://www.mineralrightsforum.com/t/exploration-offer/1790/3 "2017-10-13T13:06:45Z")

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According to pooling records on the OCC website for the last 6 months they are awarding $225 for 1/8 and $175 for 3/16. I think your figure above for 3/8 royalty is probably 1/8 because 3/8 is a higher % than 3/16. I would not suggest you sell because this seems to be a developing area.

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### Author: ![MRFAdmin\_SV](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/m/e0b2c6/32.png) [@MRFAdmin\_SV](https://www.mineralrightsforum.com/u/MRFAdmin_SV)
#### Post date: [January 11, 2025, 7:22pm UTC](https://www.mineralrightsforum.com/t/exploration-offer/1790/4 "2025-01-11T19:22:20Z")

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