# Offer to buy at 35 7n 1W today
**URL:** https://www.mineralrightsforum.com/t/offer-to-buy-at-35-7n-1w-today/32513
**Category:** Cleveland County, OK
**Created:** [August 27, 2018, 7:15pm UTC](https://www.mineralrightsforum.com/t/offer-to-buy-at-35-7n-1w-today/32513 "2018-08-27T19:15:54Z")
**Posts on this page:** 6
**Page:** 1
### Author:  [@Joe\_S](https://www.mineralrightsforum.com/u/Joe_S)
#### Post date: [August 27, 2018, 7:15pm UTC](https://www.mineralrightsforum.com/t/offer-to-buy-at-35-7n-1w-today/32513/1 "2018-08-27T19:15:54Z")
From some outfit called Great Southern Minerals. We are not selling, but I am trying to see what the offer is. Things are getting interesting!
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### Author:  [@Robert\_miller1](https://www.mineralrightsforum.com/u/Robert_miller1)
#### Post date: [September 18, 2018, 1:47am UTC](https://www.mineralrightsforum.com/t/offer-to-buy-at-35-7n-1w-today/32513/2 "2018-09-18T01:47:20Z")
Contacted me too. What did they offer?
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### Author:  [@Joe\_S](https://www.mineralrightsforum.com/u/Joe_S)
#### Post date: [September 18, 2018, 3:52am UTC](https://www.mineralrightsforum.com/t/offer-to-buy-at-35-7n-1w-today/32513/3 "2018-09-18T03:52:33Z")
It was sort of odd. They wanted to know if it was leased and at what royalty %. I had a lease in 2014 for $450 and 3/16 and acre that expired in 2017. He never responded back! If they make an offer, let me know. I am not selling, but would like to see what the offer is.
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### Author:  [@Cam](https://www.mineralrightsforum.com/u/Cam)
#### Post date: [September 18, 2018, 4:50pm UTC](https://www.mineralrightsforum.com/t/offer-to-buy-at-35-7n-1w-today/32513/4 "2018-09-18T16:50:43Z")
That is standard operating procedure. The royalty percentage on your lease obviously dictates the amount royalty income you will receive if a well is drilled so buyers factor in your lease royalty into an offer. It is a big component of a purchase offer actually.
Cam
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### Author:  [@Joe\_S](https://www.mineralrightsforum.com/u/Joe_S)
#### Post date: [September 18, 2018, 5:03pm UTC](https://www.mineralrightsforum.com/t/offer-to-buy-at-35-7n-1w-today/32513/5 "2018-09-18T17:03:53Z")
I get that, but if it is not leased, there should be an amount they still want to give. If they bought it they could negotiate a 25% lease with somebody!
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### Author:  [@MRFAdmin\_SV](https://www.mineralrightsforum.com/u/MRFAdmin_SV)
#### Post date: [January 11, 2025, 6:16pm UTC](https://www.mineralrightsforum.com/t/offer-to-buy-at-35-7n-1w-today/32513/6 "2025-01-11T18:16:33Z")