# Minerals purchase offer
**URL:** https://www.mineralrightsforum.com/t/minerals-purchase-offer/71357
**Category:** Caddo County, OK
**Created:** [June 25, 2023, 11:25pm UTC](https://www.mineralrightsforum.com/t/minerals-purchase-offer/71357 "2023-06-25T23:25:03Z")
**Posts on this page:** 9
**Page:** 1
### Author:  [@mlburns](https://www.mineralrightsforum.com/u/mlburns)
#### Post date: [June 25, 2023, 11:25pm UTC](https://www.mineralrightsforum.com/t/minerals-purchase-offer/71357/1 "2023-06-25T23:25:03Z")
I received a general letter from an energy company offering to purchase mineral rights I own in Caddo County. A specific dollar amount per net mineral acre was not mentioned. Does anyone have any insight they could share as to what a fair market offer would be, in general?
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### Author:  [@tim\_dowd](https://www.mineralrightsforum.com/u/tim_dowd)
#### Post date: [June 26, 2023, 2:24am UTC](https://www.mineralrightsforum.com/t/minerals-purchase-offer/71357/2 "2023-06-26T02:24:42Z")
Honestly, there is no answer to this. Is it producing or not?
Assuming it’s not producing, mineral rights are real estate and it depends on location, location, location. There are certain Townships where the value is greater than others.
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### Author:  [@TODD\_M\_Baker](https://www.mineralrightsforum.com/u/TODD_M_Baker)
#### Post date: [June 26, 2023, 3:08am UTC](https://www.mineralrightsforum.com/t/minerals-purchase-offer/71357/3 "2023-06-26T03:08:50Z")
You will need to provide your legal description as Caddo County is a big county with diverse geology.
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### Author:  [@mlburns](https://www.mineralrightsforum.com/u/mlburns)
#### Post date: [June 26, 2023, 4:02am UTC](https://www.mineralrightsforum.com/t/minerals-purchase-offer/71357/4 "2023-06-26T04:02:00Z")
Two good points. I was going to include the location, but got in a hurry and hit “send” too quickly. The mineral rights of interest here are in Section 17, Township 7N-9W. Thanks for pointing out the omission.
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### Author:  [@EllyMay](https://www.mineralrightsforum.com/u/EllyMay)
#### Post date: [August 2, 2023, 5:19pm UTC](https://www.mineralrightsforum.com/t/minerals-purchase-offer/71357/5 "2023-08-02T17:19:46Z")
Hello, there does not appear to be much drilling, spacing or pooling activity in that Township over the last 3 years. But, you might contact a trustworthy landman to see what the activity is like.
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### Author:  [@mlburns](https://www.mineralrightsforum.com/u/mlburns)
#### Post date: [August 3, 2023, 12:16am UTC](https://www.mineralrightsforum.com/t/minerals-purchase-offer/71357/6 "2023-08-03T00:16:16Z")
Thank You! I appreciate your input here.
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### Author:  [@Richard\_Winblad](https://www.mineralrightsforum.com/u/Richard_Winblad)
#### Post date: [August 3, 2023, 3:10pm UTC](https://www.mineralrightsforum.com/t/minerals-purchase-offer/71357/7 "2023-08-03T15:10:05Z")
Always keep in mind that the sale of minerals is potentially a taxable event. You need to know the basis in the minerals to determine if you will owe capital gains taxes.
Also, be careful about warranting title and that you have a physical exchange of the deed for a check.
_ **This post is not legal, tax or investment advice. Reading or responding to this post does not create an attorney/client relationship.** _
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### Author:  [@mlburns](https://www.mineralrightsforum.com/u/mlburns)
#### Post date: [August 3, 2023, 8:08pm UTC](https://www.mineralrightsforum.com/t/minerals-purchase-offer/71357/8 "2023-08-03T20:08:50Z")
Thank you very much for those suggestions, that’s helpful!
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [September 23, 2023, 11:25pm UTC](https://www.mineralrightsforum.com/t/minerals-purchase-offer/71357/9 "2023-09-23T23:25:15Z")
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