Offer for purchase of mineral rights in 24-16-12

Unless you are being offered big money for this I’d hold onto your minerals. Continental has pooled this section under CD 201600523 and it was approved by the OCC on 8/15/16. Continental’s success rate is high and most wells are making 800-2000 bopd. Assuming your 2 acres are leased at a 3/16ths royalty, they could potentially be worth a lot of money to you. Example calculation - 3/16 (Royalty rate) x 2/640 (unit size) = .00058594 Royalty. 1200 bopd (example oil/gas equivalency) x $48 (dollars a barrel) x 300 (days producing - working in down time) = $17,280,000 a year x .00058594 (your interest) = $10,125 (gross less 7% production tax). I wouldn’t sell for any less than $15,000/ac. if you absolutely want to sell. That’s about a 3 year payout using this example.