# Minerals Offers

**URL:** https://www.mineralrightsforum.com/t/minerals-offers/57418
**Category:** Love County, OK
**Created:** [May 12, 2020, 7:30pm UTC](https://www.mineralrightsforum.com/t/minerals-offers/57418 "2020-05-12T19:30:20Z")
**Posts on this page:** 10
**Page:** 1

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### Author: ![Jim505](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/j/85e7bf/32.png) [@Jim505](https://www.mineralrightsforum.com/u/Jim505)
#### Post date: [May 12, 2020, 7:30pm UTC](https://www.mineralrightsforum.com/t/minerals-offers/57418/1 "2020-05-12T19:30:20Z")

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Has anyone here heard about people sending a minerals offer in Section 5/Township 8S-Range 3E in Love County? My family had received offers from several companies, but waited to sell for a higher price. I haven’t heard anything in a while. Is anyone getting offers still? I think I should have sold when prices were higher. Thx

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### Author: ![RafterR](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/r/7ab992/32.png) [@RafterR](https://www.mineralrightsforum.com/u/RafterR)
#### Post date: [May 12, 2020, 8:17pm UTC](https://www.mineralrightsforum.com/t/minerals-offers/57418/2 "2020-05-12T20:17:12Z")

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Jim, it looks like Trailhead Exploration and XTO are battling for Operator-ship of the section with the OCC. You can probably expect more lease/purchase offers in the future, but I wouldn’t get my expectations too high in this market. Are you subject to any existing OGL holding your acreage?

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### Author: ![Corey\_Ray\_Hitt](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/corey_ray_hitt/32/2177_2.png) [@Corey\_Ray\_Hitt](https://www.mineralrightsforum.com/u/Corey_Ray_Hitt)
#### Post date: [May 13, 2020, 1:02am UTC](https://www.mineralrightsforum.com/t/minerals-offers/57418/3 "2020-05-13T01:02:24Z")

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I am leased through XTO. But received option letter from Trailhead. Section 7 - 8 South Range 3 East. Was wondering how that works when they battle.

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### Author: ![RafterR](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/r/7ab992/32.png) [@RafterR](https://www.mineralrightsforum.com/u/RafterR)
#### Post date: [May 13, 2020, 1:28pm UTC](https://www.mineralrightsforum.com/t/minerals-offers/57418/4 "2020-05-13T13:28:37Z")

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Mr. Hitt, depending on what was actually stated in the letter, Trailhead might be wanting to lease your minerals in 2021 when your OGL expires from Mr. Thompson. Again, not sure what was in the letter, but it looks like this OCC won’t be settled anytime soon, and even if it does, the operator will have 1 year to commence operations per the order. Hope this helps!

_RafterR does not render investment, legal or accounting advice._

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### Author: ![Corey\_Ray\_Hitt](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/corey_ray_hitt/32/2177_2.png) [@Corey\_Ray\_Hitt](https://www.mineralrightsforum.com/u/Corey_Ray_Hitt)
#### Post date: [May 13, 2020, 1:55pm UTC](https://www.mineralrightsforum.com/t/minerals-offers/57418/5 "2020-05-13T13:55:39Z")

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Okay. Mr. Thompson was my grandpa. Before he passed he signed his mineral to 5 of us kids all equal shares in 40 acres. I talked to Rd Williams weeks ago. They stated to not pay any attention to anything but XTO paperwork. I received a letter in the mail yesterday to buy my minerals for $6,000 an acre, which tells there is interest in my family’s minerals. Which is good.

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### Author: ![OGMs](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/o/3be4f8/32.png) [@OGMs](https://www.mineralrightsforum.com/u/OGMs)
#### Post date: [May 13, 2020, 6:20pm UTC](https://www.mineralrightsforum.com/t/minerals-offers/57418/6 "2020-05-13T18:20:39Z")

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Who was bidding you $6,000 per acre?

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### Author: ![Jim505](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/j/85e7bf/32.png) [@Jim505](https://www.mineralrightsforum.com/u/Jim505)
#### Post date: [May 26, 2020, 5:33pm UTC](https://www.mineralrightsforum.com/t/minerals-offers/57418/7 "2020-05-26T17:33:39Z")

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My family received a new offer from Trailhead much lower than 6,000 an acre. I would like to know who would buy for 6,000 today if you can say who they are.

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### Author: ![TODD\_M\_Baker](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/t/91b2a8/32.png) [@TODD\_M\_Baker](https://www.mineralrightsforum.com/u/TODD_M_Baker)
#### Post date: [May 26, 2020, 5:43pm UTC](https://www.mineralrightsforum.com/t/minerals-offers/57418/8 "2020-05-26T17:43:09Z")

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All minerals are NOT created equal. Mostly depends on location, royalty percentage and to some extent, the potential operator of any wells drilled. But, location is the most important.

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### Author: ![Jim505](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/j/85e7bf/32.png) [@Jim505](https://www.mineralrightsforum.com/u/Jim505)
#### Post date: [June 22, 2020, 7:59pm UTC](https://www.mineralrightsforum.com/t/minerals-offers/57418/9 "2020-06-22T19:59:55Z")

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I sold some of the minerals I owned for $4,500 an acre. I never could find anyone to go to 6K, but I have some left in case the price ever gets that high. Hopefully this helps others know what is being paid.

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### Author: ![Kenny\_DuBose](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/kenny_dubose/32/5102_2.png) [@Kenny\_DuBose](https://www.mineralrightsforum.com/u/Kenny_DuBose)
#### Post date: [July 28, 2020, 7:21pm UTC](https://www.mineralrightsforum.com/t/minerals-offers/57418/11 "2020-07-28T19:21:31Z")

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