# Have you ever sold your mineral rights?
**URL:** https://www.mineralrightsforum.com/t/have-you-ever-sold-your-mineral-rights/44493
**Category:** McClain County, OK
**Created:** [April 13, 2019, 8:03pm UTC](https://www.mineralrightsforum.com/t/have-you-ever-sold-your-mineral-rights/44493 "2019-04-13T20:03:51Z")
**Posts on this page:** 19
**Page:** 1
### Author:  [@Parentof4js](https://www.mineralrightsforum.com/u/Parentof4js)
#### Post date: [April 13, 2019, 8:03pm UTC](https://www.mineralrightsforum.com/t/have-you-ever-sold-your-mineral-rights/44493/1 "2019-04-13T20:03:51Z")
Hello, We continue to investigate the possibility of selling our 200+ acres of mineral rights in McClain County. We appreciate the comments and contacts with us so far. We are following up on everyone. Right now, we’d also like to hear your experiences with selling—if you’ve ever done so. The good, the bad, and ugly :). Is there anything you’d do differently after having walked down that road? Firsthand experiences only. We’re all ears. 🙂Thank you in advance.
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### Author:  [@Frank\_Pfisch](https://www.mineralrightsforum.com/u/Frank_Pfisch)
#### Post date: [April 14, 2019, 9:53pm UTC](https://www.mineralrightsforum.com/t/have-you-ever-sold-your-mineral-rights/44493/2 "2019-04-14T21:53:30Z")
With 200+ acres of minerals, hire a lawyer.
If you were only selling 1/2 an acre, it wouldn’t be worth the cost, but the business risk with a large interest is different.
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### Author:  [@Joe\_S](https://www.mineralrightsforum.com/u/Joe_S)
#### Post date: [April 14, 2019, 10:42pm UTC](https://www.mineralrightsforum.com/t/have-you-ever-sold-your-mineral-rights/44493/3 "2019-04-14T22:42:04Z")
I have to agree. That transaction is going to be over a million dollars. You have to be sure the deal is 110% in your best interest.
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### Author:  [@Parentof4js](https://www.mineralrightsforum.com/u/Parentof4js)
#### Post date: [April 14, 2019, 10:48pm UTC](https://www.mineralrightsforum.com/t/have-you-ever-sold-your-mineral-rights/44493/4 "2019-04-14T22:48:34Z")
Thank you. We’ve been discussing that; however, we live in California and are perplexed by how to find a competent and honest attorney in that region who has experience coupled with knowledge in this topic. We need personal advice from those who have been down this road. We are truly teachable and all ears. Presently we are in the process of checking everything out that has been recommended thus far - but we still need more suggestions for which professionals to contact. This is challenging but we are determined to become as equipped as we can be in order to make informed final decisions… Do we sell or not ALL 240 acres and which professionals help us with this process? Thank you.
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### Author:  [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [April 15, 2019, 2:31am UTC](https://www.mineralrightsforum.com/t/have-you-ever-sold-your-mineral-rights/44493/5 "2019-04-15T02:31:03Z")
Consider only selling part of it if you have to sell at all. You could split the risk that way and the tax burden as well.
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### Author:  [@Joe\_S](https://www.mineralrightsforum.com/u/Joe_S)
#### Post date: [April 15, 2019, 3:57am UTC](https://www.mineralrightsforum.com/t/have-you-ever-sold-your-mineral-rights/44493/6 "2019-04-15T03:57:39Z")
The upcoming royalty checks may be so big you will change your mind about selling.
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### Author:  [@Chance](https://www.mineralrightsforum.com/u/Chance)
#### Post date: [April 17, 2019, 4:18pm UTC](https://www.mineralrightsforum.com/t/have-you-ever-sold-your-mineral-rights/44493/9 "2019-04-17T16:18:48Z")
But the offers will go down after the first royalty check, no?
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### Author:  [@Frank\_Pfisch](https://www.mineralrightsforum.com/u/Frank_Pfisch)
#### Post date: [April 18, 2019, 12:44pm UTC](https://www.mineralrightsforum.com/t/have-you-ever-sold-your-mineral-rights/44493/10 "2019-04-18T12:44:32Z")
Chance - If the buyers know how much money is in suspense on your minerals, the buyers may be buying the minerals with your money.
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### Author:  [@Kenny\_DuBose](https://www.mineralrightsforum.com/u/Kenny_DuBose)
#### Post date: [April 18, 2019, 3:11pm UTC](https://www.mineralrightsforum.com/t/have-you-ever-sold-your-mineral-rights/44493/12 "2019-04-18T15:11:29Z")
> [@Parentof4js](#):
>
> First hand experiences only.
Note the question from the original post.
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### Author:  [@Parentof4js](https://www.mineralrightsforum.com/u/Parentof4js)
#### Post date: [April 18, 2019, 4:13pm UTC](https://www.mineralrightsforum.com/t/have-you-ever-sold-your-mineral-rights/44493/14 "2019-04-18T16:13:23Z")
Like the previous response, do you have contact info for us? We will follow through and speak to every single resource suggested. Thank you.
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### Author:  [@Parentof4js](https://www.mineralrightsforum.com/u/Parentof4js)
#### Post date: [April 18, 2019, 4:16pm UTC](https://www.mineralrightsforum.com/t/have-you-ever-sold-your-mineral-rights/44493/15 "2019-04-18T16:16:17Z")
This is an interesting comment. Would you like to expand on what it is that you know that would prompt this positive outlook? Thank you.
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### Author:  [@Parentof4js](https://www.mineralrightsforum.com/u/Parentof4js)
#### Post date: [April 18, 2019, 4:18pm UTC](https://www.mineralrightsforum.com/t/have-you-ever-sold-your-mineral-rights/44493/16 "2019-04-18T16:18:04Z")
Not sure that we understand what you mean. Help us out. Please explain. Thank you.
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### Author:  [@scameron39](https://www.mineralrightsforum.com/u/scameron39)
#### Post date: [April 18, 2019, 8:14pm UTC](https://www.mineralrightsforum.com/t/have-you-ever-sold-your-mineral-rights/44493/18 "2019-04-18T20:14:46Z")
Our family has 10 acre Royalty in Section 8 Township 9N Range 4W in McClain County purchased in 1954 for $1100. We have been offered as much as $15,000 per acre recently because there is horizontal oil and gas drilling happening in this area. We chose to sign a 3 year lease in October 2017 with a company that paid us a lease bonus of $1,500 per acre and gave us a 20% royalty on our portion of any income from wells in a 640 acre unit. The horizontal well should be drilled this year after all the approvals are received from the Oklahoma Corporation Commission. If the well is successful, the operator will have to make arrangements to deliver and sell oil and gas produced and only then will checks be sent out to the royalty owners.
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### Author:  [@Chance](https://www.mineralrightsforum.com/u/Chance)
#### Post date: [April 18, 2019, 10:11pm UTC](https://www.mineralrightsforum.com/t/have-you-ever-sold-your-mineral-rights/44493/19 "2019-04-18T22:11:26Z")
Wells produce the most right after they are drilled. The first royalty check is typically the biggest because it is 6 months of production and produces the most during this span. There is a strong decline in production then it stabilizes (typically).
If you try and sell your minerals after the first couple of checks, they will not be worth as much since you received the royalties on first production already. This is not always the case. Just my observations. Lots of variables.
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### Author:  [@Chance](https://www.mineralrightsforum.com/u/Chance)
#### Post date: [April 18, 2019, 10:12pm UTC](https://www.mineralrightsforum.com/t/have-you-ever-sold-your-mineral-rights/44493/20 "2019-04-18T22:12:28Z")
$15,000/acre based on what royalty? 1/4?
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### Author:  [@Frank\_Pfisch](https://www.mineralrightsforum.com/u/Frank_Pfisch)
#### Post date: [April 19, 2019, 12:37am UTC](https://www.mineralrightsforum.com/t/have-you-ever-sold-your-mineral-rights/44493/21 "2019-04-19T00:37:41Z")
Kenny - the purpose of your response is not clear.
Does helping a prospective “seller” realize the “buyer” was going to use the seller’s pooling bonus and accrued royalty to pay the purchase price qualify as a “first hand experience?”
If not, what is your definition of “first hand experience.”
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### Author:  [@Kenny\_DuBose](https://www.mineralrightsforum.com/u/Kenny_DuBose)
#### Post date: [April 19, 2019, 1:49am UTC](https://www.mineralrightsforum.com/t/have-you-ever-sold-your-mineral-rights/44493/22 "2019-04-19T01:49:46Z")
@Frank_Pfisch my response was directed to a poster (whos post has been deleted) who did not actually speak to nor abide by the original question. The original questioner asked for “first hand experience” from people who have actually sold minerals.
In order to create and maintain a useful dialogue among people, there must be a measure of order. We do a fair amount of work here to keep such order, and to delete posts and posters who cannot or will not take time to abide by the guidelines and rules’ we’ve established. We do this in order to maintain value for those who do come and participate in an orderly fashion.
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### Author:  [@Frank\_Pfisch](https://www.mineralrightsforum.com/u/Frank_Pfisch)
#### Post date: [April 19, 2019, 4:08pm UTC](https://www.mineralrightsforum.com/t/have-you-ever-sold-your-mineral-rights/44493/23 "2019-04-19T16:08:54Z")
Thanks, Kenny. I misconstrued your post.
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### Author:  [@Kenny\_DuBose](https://www.mineralrightsforum.com/u/Kenny_DuBose)
#### Post date: [April 19, 2019, 4:16pm UTC](https://www.mineralrightsforum.com/t/have-you-ever-sold-your-mineral-rights/44493/24 "2019-04-19T16:16:24Z")