# Mineral Deed Amount
**URL:** https://www.mineralrightsforum.com/t/mineral-deed-amount/48379
**Category:** Carter County, OK
**Created:** [July 12, 2019, 7:40pm UTC](https://www.mineralrightsforum.com/t/mineral-deed-amount/48379 "2019-07-12T19:40:59Z")
**Posts on this page:** 8
**Page:** 1
### Author:  [@samson](https://www.mineralrightsforum.com/u/samson)
#### Post date: [July 12, 2019, 7:40pm UTC](https://www.mineralrightsforum.com/t/mineral-deed-amount/48379/1 "2019-07-12T19:40:59Z")
My wife received an offer to buy mineral rights to 14 ac in Carter County, Oklahoma. He sent paperwork with a Mineral Deed stating for "consideration of $10 and OVC?? Why wouldn’t it be for the agreed sale amount? Also has anyone used the US Mineral Exchange to post their property for sale? Is it legit? Thanks
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### Author:  [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [July 12, 2019, 7:43pm UTC](https://www.mineralrightsforum.com/t/mineral-deed-amount/48379/2 "2019-07-12T19:43:31Z")
There are lots of offers out there to buy in Carter County. Also some pending horizontal drilling, so consider if the offer is a good value versus the value of the pending drilling and possible future wells. Depends upon what your priorities are and what you want to invest in and your time frame. Most offers I have received in Carter have been fairly low compared to the potential. Never hand over a signed lease without getting paid for it.
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### Author:  [@EnerScout](https://www.mineralrightsforum.com/u/EnerScout)
#### Post date: [July 12, 2019, 8:39pm UTC](https://www.mineralrightsforum.com/t/mineral-deed-amount/48379/3 "2019-07-12T20:39:56Z")
Most title documents - deeds, assignments, etc. state the amount of consideration this way for privacy reasons, as they will ultimately be filed in the public land records of the applicable County. The OVC stands for Other Valuable Consideration. The sale price and other terms of the “deal” will be stated in a letter agreement, contract for sale or alike.
Regarding title documents and sale price: The easiest indicator of sale price is the Documentary Tax Stamps amount - said stamps are figured at a rate of $0.75 per $500. Keep in mind inter-family transactions are exempt from these taxes.
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### Author:  [@samson](https://www.mineralrightsforum.com/u/samson)
#### Post date: [July 12, 2019, 8:53pm UTC](https://www.mineralrightsforum.com/t/mineral-deed-amount/48379/4 "2019-07-12T20:53:58Z")
Thanks for the feedback. Does $4800/ac in Carter County sound fair?
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### Author:  [@John\_Ross1](https://www.mineralrightsforum.com/u/John_Ross1)
#### Post date: [July 12, 2019, 9:12pm UTC](https://www.mineralrightsforum.com/t/mineral-deed-amount/48379/5 "2019-07-12T21:12:48Z")
I’d take that in a heartbeat for my 5S2E property… but it’s apples and oranges, I suspect.
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### Author:  [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [July 17, 2019, 2:01pm UTC](https://www.mineralrightsforum.com/t/mineral-deed-amount/48379/6 "2019-07-17T14:01:26Z")
Your offer will vary according to your royalty amount if leased.
What section, township and range?
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### Author:  [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [July 17, 2019, 2:02pm UTC](https://www.mineralrightsforum.com/t/mineral-deed-amount/48379/7 "2019-07-17T14:02:05Z")
Offers will depend upon location and the geology
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### Author:  [@MRFAdmin\_SV](https://www.mineralrightsforum.com/u/MRFAdmin_SV)
#### Post date: [January 11, 2025, 6:17pm UTC](https://www.mineralrightsforum.com/t/mineral-deed-amount/48379/8 "2025-01-11T18:17:15Z")