# Fair offer for portion of oil well partnership?
**URL:** https://www.mineralrightsforum.com/t/fair-offer-for-portion-of-oil-well-partnership/48869
**Category:** Reagan County, TX
**Created:** [July 24, 2019, 6:28pm UTC](https://www.mineralrightsforum.com/t/fair-offer-for-portion-of-oil-well-partnership/48869 "2019-07-24T18:28:58Z")
**Posts on this page:** 2
**Page:** 1
### Author:  [@wddanie](https://www.mineralrightsforum.com/u/wddanie)
#### Post date: [July 24, 2019, 6:28pm UTC](https://www.mineralrightsforum.com/t/fair-offer-for-portion-of-oil-well-partnership/48869/1 "2019-07-24T18:28:58Z")
I need help evaluating an offer for a small portion of an oil well partnership that my mother purchased in 1972.
It is a 0.3105% working interest in Section 22, Block K covering 644.9 gross acres in Reagan County, Texas. This equates to 2.20024 net mineral acres (NMA) in the leasehold. The buyer is offering $10,000 total which equates to approximately $5,000 per NMA.
The well owner has also offered to let us participate in 3 new wells they will be starting but we are not interested in making the $45k investment.
Their offer of $10,000 to buy our interest expires in 3 days on 7/26/19.
How can I determine if this is a fair offer?
Thanks in advance for your help!
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### Author:  [@MRFAdmin\_SV](https://www.mineralrightsforum.com/u/MRFAdmin_SV)
#### Post date: [January 11, 2025, 5:12pm UTC](https://www.mineralrightsforum.com/t/fair-offer-for-portion-of-oil-well-partnership/48869/2 "2025-01-11T17:12:16Z")