# Mineral offer in the mail
**URL:** https://www.mineralrightsforum.com/t/mineral-offer-in-the-mail/69982
**Category:** Borden County, TX
**Created:** [March 3, 2023, 3:22am UTC](https://www.mineralrightsforum.com/t/mineral-offer-in-the-mail/69982 "2023-03-03T03:22:41Z")
**Posts on this page:** 5
**Page:** 1
### Author:  [@johnlong](https://www.mineralrightsforum.com/u/johnlong)
#### Post date: [March 3, 2023, 3:22am UTC](https://www.mineralrightsforum.com/t/mineral-offer-in-the-mail/69982/1 "2023-03-03T03:22:41Z")
I’ve received an offer to buy mineral rights from a great grandfather…
1 Acre (out of the 640 acres in the block)
Sell the rights? Keep the rights?
$1300 offer
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### Author:  [@Clint\_Liles](https://www.mineralrightsforum.com/u/Clint_Liles)
#### Post date: [March 3, 2023, 3:33am UTC](https://www.mineralrightsforum.com/t/mineral-offer-in-the-mail/69982/2 "2023-03-03T03:33:25Z")
Some good oil/gas horizontal wells in that area…at that price it’s a steal.
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### Author:  [@johnlong](https://www.mineralrightsforum.com/u/johnlong)
#### Post date: [March 3, 2023, 4:07am UTC](https://www.mineralrightsforum.com/t/mineral-offer-in-the-mail/69982/3 "2023-03-03T04:07:51Z")
Thank you… I should be clear - That is the price that another party offered to purchase from me.
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### Author:  [@George\_D\_Cato](https://www.mineralrightsforum.com/u/George_D_Cato)
#### Post date: [March 3, 2023, 4:11pm UTC](https://www.mineralrightsforum.com/t/mineral-offer-in-the-mail/69982/5 "2023-03-03T16:11:07Z")
Two wells in the Gloria Griffen 47-38 A Unit (Well #1H and 2H) bisect your minerals assuming you own 1 undivided acre in Section 47. The Unit is comprised of the western half of Sections 47 and 38. That means that you have approximately 1/2 acre in the Unit. I did the quick math and determined that your decimal interest in the wells (assuming a 1/5 lease) is .00015625. (A 1/4 lease would yield .00019531).
From initial production in Feb 2022 through November 2022, 198,933 barrels have been sold. That means that, (assuming just $75 per barrel) that your minerals have earned $2,325 at 1/5, or $2,850 at 1/4. Of course you have to account for severance taxes at 4.6% and any other deductions (hope you have a no cost lease). Bottom line is: _ **Clint is right!** _ They would be stealing from you at $1300. And remember, that is only using 1/2 acre. If they drill in the East half of Section 47, you will earn even more.
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [June 1, 2023, 3:22am UTC](https://www.mineralrightsforum.com/t/mineral-offer-in-the-mail/69982/6 "2023-06-01T03:22:58Z")
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