# Offer for my mineral rights
**URL:** https://www.mineralrightsforum.com/t/offer-for-my-mineral-rights/69447
**Category:** Atascosa County, TX
**Created:** [January 20, 2023, 10:30pm UTC](https://www.mineralrightsforum.com/t/offer-for-my-mineral-rights/69447 "2023-01-20T22:30:27Z")
**Posts on this page:** 14
**Page:** 1
### Author:  [@ricntic](https://www.mineralrightsforum.com/u/ricntic)
#### Post date: [January 20, 2023, 10:30pm UTC](https://www.mineralrightsforum.com/t/offer-for-my-mineral-rights/69447/1 "2023-01-20T22:30:27Z")
Texas American has leased our 55 acres (pooled with neighbors). They are currently drilling on the other side of our road and permitted back in November to drill 3 wells on our lease. I saw the permits on the Texas Railroad Commission GIS viewer. Their landman says they’re planning to move the rig across the road to our property when they’re done, but he doesn’t know their exact schedule.
Then we received a formal offer to buy our mineral rights from Caddo Minerals for 10k per net mineral acre. $550,000 is a lot of upfront money. If Caddo is offering that, then I assume they expect to make at least double that over time. They said they base their offer on what we would make over the next 5-7 years.
So I have 2 questions: Is this a low offer? And is there a way to determine how much we will make if we keep our mineral rights? Thank you.
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### Author:  [@ColoradoSlim](https://www.mineralrightsforum.com/u/ColoradoSlim)
#### Post date: [January 20, 2023, 10:34pm UTC](https://www.mineralrightsforum.com/t/offer-for-my-mineral-rights/69447/2 "2023-01-20T22:34:00Z")
Could you provide the legal description or unit name? I’ll look it up for you.
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### Author:  [@ricntic](https://www.mineralrightsforum.com/u/ricntic)
#### Post date: [January 20, 2023, 11:19pm UTC](https://www.mineralrightsforum.com/t/offer-for-my-mineral-rights/69447/3 "2023-01-20T23:19:25Z")
Yes, it’s being called Harris North B Unit. On the Texas Railroad Commission website it shows 3 wells: 103, 104, and 105 being permitted. API 01335946, 01335947, 01335948.
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### Author:  [@Humberto\_Hernandez](https://www.mineralrightsforum.com/u/Humberto_Hernandez)
#### Post date: [January 21, 2023, 3:41am UTC](https://www.mineralrightsforum.com/t/offer-for-my-mineral-rights/69447/4 "2023-01-21T03:41:15Z")
Harris B Unit is being drilled as we speak. They are on the 2nd well. Should be moving rig to drill final well in a few days. I too received a buyout offer from Caddo. 500k for my 50 acres of mineral rights. Mighty tempting offer but I suspect it is worth more than that. So, I’m not “sold” on selling my mineral rights.
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### Author:  [@ricntic](https://www.mineralrightsforum.com/u/ricntic)
#### Post date: [January 21, 2023, 3:34pm UTC](https://www.mineralrightsforum.com/t/offer-for-my-mineral-rights/69447/5 "2023-01-21T15:34:13Z")
Hi Humberto! I’m your neighbor Ric. South of you is Raul, then my dad Edward, then me. (We don’t live there anymore, just own the minerals). So wait, you are saying they are already drilling on our lease?? You’re sure about that? Wow!
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### Author:  [@Humberto\_Hernandez](https://www.mineralrightsforum.com/u/Humberto_Hernandez)
#### Post date: [January 21, 2023, 6:32pm UTC](https://www.mineralrightsforum.com/t/offer-for-my-mineral-rights/69447/6 "2023-01-21T18:32:37Z")
Hey Ric. Yes. Been talking to Mr. Harris. He has kept me up to date on the goings on. I’ve also been keeping tabs as I go by the drill spot. Exciting. Back to original inquiry. I won’t sell my rights without knowing what it’s really worth. I think though in the long run it will be more than what is being offered by Caddo. But only time will tell.
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### Author:  [@ColoradoSlim](https://www.mineralrightsforum.com/u/ColoradoSlim)
#### Post date: [January 23, 2023, 12:11pm UTC](https://www.mineralrightsforum.com/t/offer-for-my-mineral-rights/69447/7 "2023-01-23T12:11:58Z")
Thanks! It’s super hard to tell, the offsetting wells to your East from Texas American are not great, IP’ing anywhere from 800 bbls/day (parent) to 77 bbls/day (most recent).
There is a rig on site and they look to be drilling right now. IMO Caddo is a pretty reputable group and based on how iffy the “MGS UNIT” looks to your East, 10K/NRA is not a bad offer. It kind of comes down to risk tolerance.
But no, it’s not a bad offer. They’re going to make more than 550K over the lifespan of the wells but the name of the game is would you rather have a large sum up front or would you rather roll the dice over time and bet on commodity prices.
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### Author:  [@ricntic](https://www.mineralrightsforum.com/u/ricntic)
#### Post date: [February 19, 2023, 9:56pm UTC](https://www.mineralrightsforum.com/t/offer-for-my-mineral-rights/69447/8 "2023-02-19T21:56:10Z")
Humberto, heard any updates?
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### Author:  [@Benito](https://www.mineralrightsforum.com/u/Benito)
#### Post date: [March 5, 2023, 10:48pm UTC](https://www.mineralrightsforum.com/t/offer-for-my-mineral-rights/69447/10 "2023-03-05T22:48:10Z")
Is this the unit between 140 and north of the Harris ranch?
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### Author:  [@ricntic](https://www.mineralrightsforum.com/u/ricntic)
#### Post date: [March 5, 2023, 11:11pm UTC](https://www.mineralrightsforum.com/t/offer-for-my-mineral-rights/69447/11 "2023-03-05T23:11:36Z")
Yes! On CR 341. How are you Benito? We were in the group with you, that hired Mr. Cowden.
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### Author:  [@Benito](https://www.mineralrightsforum.com/u/Benito)
#### Post date: [March 6, 2023, 12:44am UTC](https://www.mineralrightsforum.com/t/offer-for-my-mineral-rights/69447/12 "2023-03-06T00:44:30Z")
Mr. Cowden is a great person. I didn’t know this group existed.
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### Author:  [@fjonesiv](https://www.mineralrightsforum.com/u/fjonesiv)
#### Post date: [March 6, 2023, 1:18pm UTC](https://www.mineralrightsforum.com/t/offer-for-my-mineral-rights/69447/13 "2023-03-06T13:18:01Z")
Caddo is well known for buying interests, slicing them into smaller parts, and re-selling on Energynet, an online auction company.
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### Author:  [@ricntic](https://www.mineralrightsforum.com/u/ricntic)
#### Post date: [April 20, 2023, 3:58pm UTC](https://www.mineralrightsforum.com/t/offer-for-my-mineral-rights/69447/14 "2023-04-20T15:58:55Z")
Anyone hear of any updates?
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [April 20, 2023, 10:31pm UTC](https://www.mineralrightsforum.com/t/offer-for-my-mineral-rights/69447/15 "2023-04-20T22:31:22Z")
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