# Loving County rights. Offers coming in
**URL:** https://www.mineralrightsforum.com/t/loving-county-rights-offers-coming-in/3042
**Category:** Loving County, TX
**Created:** [April 11, 2017, 4:57pm UTC](https://www.mineralrightsforum.com/t/loving-county-rights-offers-coming-in/3042 "2017-04-11T16:57:53Z")
**Posts on this page:** 6
**Page:** 1
### Author:  [@Todd\_Peters](https://www.mineralrightsforum.com/u/Todd_Peters)
#### Post date: [April 11, 2017, 4:57pm UTC](https://www.mineralrightsforum.com/t/loving-county-rights-offers-coming-in/3042/1 "2017-04-11T16:57:53Z")
Hi everybody:
So glad this site is here! I have a 1-acre mineral lease from 12/29/15 with BHP Billiton that gave me a $2k bonus, 1/4 part and no production fees. I have not received any additional payment.
In the last 3 months I have been getting multiple offers to purchase these rights. Some stating up to 14K, others 20K plus. I finally called one of the people that actually called me and got an offer of $7K. I see purchase quotes that widely vary, but seem to be trending upward.
1. Should I just keep this parcel and wait for a return?
2. What could I reasonably expect from 1 acre if it starts to produce?
3. Is $7K a lowball offer to purchase an already leased acre? Some of the letters I have go were up to 20K per acre.
Any feedback is appreciated!
Todd
Sections 25 and 26, Block 76 Public School Land Survey A-879 A880 Loving County, Texas
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### Author:  [@Michael\_T\_Vinson](https://www.mineralrightsforum.com/u/Michael_T_Vinson)
#### Post date: [April 11, 2017, 6:19pm UTC](https://www.mineralrightsforum.com/t/loving-county-rights-offers-coming-in/3042/2 "2017-04-11T18:19:20Z")
Mr. Peters,
Below is likely why the increase in attention. Your tract is in blue, and the one to the left/west. Those are a lot of permitted wells. The horizontal drilled to the east is a nice well.
As to whether or not to sell, that is your call. Some of the members on this form will be more helpful on evaluating worth.
Best Regards, Mike
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### Author:  [@Richard\_Dean\_Lowry](https://www.mineralrightsforum.com/u/Richard_Dean_Lowry)
#### Post date: [April 11, 2017, 7:32pm UTC](https://www.mineralrightsforum.com/t/loving-county-rights-offers-coming-in/3042/3 "2017-04-11T19:32:51Z")
Todd,
Generally speaking, when someone offers to purchase your interests, they are doing so to make a profit. Oil and Gas investors are more likely to pay a premium than someone that is looking to buy from you and sell to an investor.
If you had a larger interest I would gladly put it to my group but they are seeking much larger acreage amounts.
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### Author:  [@Todd\_Peters](https://www.mineralrightsforum.com/u/Todd_Peters)
#### Post date: [April 11, 2017, 8:01pm UTC](https://www.mineralrightsforum.com/t/loving-county-rights-offers-coming-in/3042/4 "2017-04-11T20:01:19Z")
Thanks for the information… so much to learn!
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### Author:  [@Kenneth\_H\_Wiese](https://www.mineralrightsforum.com/u/Kenneth_H_Wiese)
#### Post date: [April 26, 2017, 9:20pm UTC](https://www.mineralrightsforum.com/t/loving-county-rights-offers-coming-in/3042/6 "2017-04-26T21:20:32Z")
Hello, Todd Peters. I am in a similar position to you, i.e., own about 1 NMA out of a 2552.7 acre lease (25% royalty) to EOG (just signed). They already have multiple drilling locations with 2 mile laterals in the Wolfcamp already permitted. Did you ever get your mineral acre sold? If you did and can pass on the details, I would be most grateful. I am new to this site, so I really don’t quite know what I’m doing yet.
Our lease covers Sec. 25, 26, 35, 36, Blk. 76 PSL, Loving County. EOG has 2 producing Wolfcamp offsets that terminate just a couple hundred feet south of the south line of our Sec. 35. Both were completed in mid-2016. TRC completion reports for each well’s 24 hr. IP are: 1) lse #48158 = 1882 BO + 2958 MCFG; 2) lse #48164 = 2477 BO + 3483 MCFG. These 2 drilling units have made A LOT of oil to date.
All the best, Ken
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [August 14, 2018, 10:32pm UTC](https://www.mineralrightsforum.com/t/loving-county-rights-offers-coming-in/3042/7 "2018-08-14T22:32:14Z")