# Offer to Purchase in Reeves
**URL:** https://www.mineralrightsforum.com/t/offer-to-purchase-in-reeves/64286
**Category:** Reeves County, TX
**Created:** [December 20, 2021, 10:29pm UTC](https://www.mineralrightsforum.com/t/offer-to-purchase-in-reeves/64286 "2021-12-20T22:29:29Z")
**Posts on this page:** 7
**Page:** 1
### Author:  [@Daniel\_White1](https://www.mineralrightsforum.com/u/Daniel_White1)
#### Post date: [December 20, 2021, 10:29pm UTC](https://www.mineralrightsforum.com/t/offer-to-purchase-in-reeves/64286/1 "2021-12-20T22:29:29Z")
I received a call today from Arroyo Energy Partners regarding a purchase offer for my property in Blk 58, Sec 10 (Pipeline State 10-3). They are talking $15,000 per NMA. Obviously they either know something or is willing to make a future bet. EOG recently took over from Primexx/Jetta Permian. I’m curious if this offer were to materialize is it good? I don’t need to sell but it becomes a bird in the hand situation. Thanks for any input.
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### Author:  [@DCole](https://www.mineralrightsforum.com/u/DCole)
#### Post date: [December 21, 2021, 12:10am UTC](https://www.mineralrightsforum.com/t/offer-to-purchase-in-reeves/64286/2 "2021-12-21T00:10:10Z")
Can’t decide if you have a current oil and gas lease and the royalty percentage?
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### Author:  [@Daniel\_White1](https://www.mineralrightsforum.com/u/Daniel_White1)
#### Post date: [December 21, 2021, 12:19am UTC](https://www.mineralrightsforum.com/t/offer-to-purchase-in-reeves/64286/3 "2021-12-21T00:19:16Z")
Since this original post sat in limbo for several days waiting for approval, I should clarify that Arroyo contacted me to say the original offer was based on Sec 11, NOT sec 10. They said the offer was $7500 per NMA as sec 10 has limited activity and no permitted locations. I wanted to correct the information as the Arroyo people were very professional in my contact with them.
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### Author:  [@Daniel\_White1](https://www.mineralrightsforum.com/u/Daniel_White1)
#### Post date: [December 21, 2021, 7:08pm UTC](https://www.mineralrightsforum.com/t/offer-to-purchase-in-reeves/64286/4 "2021-12-21T19:08:05Z")
There is one producing well in a pooled unit (Pipeline State 58 10-3) and Jetta had two permits from 2019 that expired in September. Otherwise no activity. I have a 25% royalty through an original lease with Atlantic Resources. EOG took over 4-6 months ago. They have 7-8 permits in Sec 11. Nothing in 10.
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### Author:  [@NMoilboy](https://www.mineralrightsforum.com/u/NMoilboy)
#### Post date: [December 21, 2021, 9:07pm UTC](https://www.mineralrightsforum.com/t/offer-to-purchase-in-reeves/64286/5 "2021-12-21T21:07:32Z")
My $0.02. I don’t think I would sell for $3750 pNRA ($7500 pNMA @ 25% roy). Not because my gramps told me to never sell minerals etc but I think it’s probably worth more than that. Not twice that, but more than that.
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### Author:  [@Daniel\_White1](https://www.mineralrightsforum.com/u/Daniel_White1)
#### Post date: [December 22, 2021, 2:39am UTC](https://www.mineralrightsforum.com/t/offer-to-purchase-in-reeves/64286/6 "2021-12-22T02:39:25Z")
At $7500 I’m following your gramps advice and not selling. Who knows…with EOG involved maybe activity will pick up in that part of Reeves…
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [March 20, 2022, 10:30pm UTC](https://www.mineralrightsforum.com/t/offer-to-purchase-in-reeves/64286/7 "2022-03-20T22:30:24Z")
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