# Information on rights at 11-9N-4W
**URL:** https://www.mineralrightsforum.com/t/information-on-rights-at-11-9n-4w/40065
**Category:** McClain County, OK
**Created:** [January 15, 2019, 3:53pm UTC](https://www.mineralrightsforum.com/t/information-on-rights-at-11-9n-4w/40065 "2019-01-15T15:53:09Z")
**Posts on this page:** 8
**Page:** 1
### Author:  [@lmueller](https://www.mineralrightsforum.com/u/lmueller)
#### Post date: [January 15, 2019, 3:53pm UTC](https://www.mineralrightsforum.com/t/information-on-rights-at-11-9n-4w/40065/1 "2019-01-15T15:53:09Z")
I have 2 offers to sell. Being the third generation to have these rights, I am not sure if I should sell? From reading and research, mainly gas is coming from this area. Just wondering if anyone has information about possible oil? In the 70’s they did find oil but shut it down quickly and it was probably not a deep hole.
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### Author:  [@Jamie\_Guthrie](https://www.mineralrightsforum.com/u/Jamie_Guthrie)
#### Post date: [January 15, 2019, 4:52pm UTC](https://www.mineralrightsforum.com/t/information-on-rights-at-11-9n-4w/40065/2 "2019-01-15T16:52:03Z")
Lori, do you mind sharing what you are being offered for your minerals? As a general rule, it is a good idea to consider keeping the minerals in your family, but there are times when it makes sense financially because of the large amounts of money being offered. Or you could just lease your minerals if you haven’t already. It looks like this is right on the edge of a pretty active oil exploration play. There are wells permitted to drill just a few miles to the south of you but there aren’t any new producing wells to show how good this fringe area will be.
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### Author:  [@Joe\_S](https://www.mineralrightsforum.com/u/Joe_S)
#### Post date: [January 15, 2019, 5:27pm UTC](https://www.mineralrightsforum.com/t/information-on-rights-at-11-9n-4w/40065/3 "2019-01-15T17:27:22Z")
In 24 9N 4W, I have been offered $6,500 per acre lots of times. I have a 1/5 lease there now. I think a lot of companies figure out what the company “in the know” is offering and they send out letters offering about the same amount!
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### Author:  [@lmueller](https://www.mineralrightsforum.com/u/lmueller)
#### Post date: [January 15, 2019, 5:33pm UTC](https://www.mineralrightsforum.com/t/information-on-rights-at-11-9n-4w/40065/4 "2019-01-15T17:33:22Z")
Hi thanks for responding. I do have a lease on this property for 3 years and it was settled in September 2018. In December and again in January 2018 the lease company proposed $6,500 an acre to purchase. I do not need or have to sell and I think this offer is a little low. I am just wanting to make a smart decision as I live out of state and am not educated in this area.
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### Author:  [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [January 15, 2019, 7:18pm UTC](https://www.mineralrightsforum.com/t/information-on-rights-at-11-9n-4w/40065/5 "2019-01-15T19:18:20Z")
I think the offer to purchase was low because just a couple of sections away, $6250 was offered to lease at 3/16ths.
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### Author:  [@lmueller](https://www.mineralrightsforum.com/u/lmueller)
#### Post date: [January 15, 2019, 7:31pm UTC](https://www.mineralrightsforum.com/t/information-on-rights-at-11-9n-4w/40065/6 "2019-01-15T19:31:08Z")
Thank you for your response. I think I will just sit and wait.
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### Author:  [@Jamie\_Guthrie](https://www.mineralrightsforum.com/u/Jamie_Guthrie)
#### Post date: [January 15, 2019, 9:23pm UTC](https://www.mineralrightsforum.com/t/information-on-rights-at-11-9n-4w/40065/7 "2019-01-15T21:23:40Z")
I agree, that sounds pretty low. A good offer should be based on geology, reserves, and cash flow. I would think you should get double that if the play expands north a little. Down the road, if you decided it was in your best interest to sell, there are a few trusted companies I can refer you to.
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### Author:  [@MRFAdmin\_SV](https://www.mineralrightsforum.com/u/MRFAdmin_SV)
#### Post date: [January 11, 2025, 6:04pm UTC](https://www.mineralrightsforum.com/t/information-on-rights-at-11-9n-4w/40065/8 "2025-01-11T18:04:11Z")