# Offer to Purchase Mineral Rights
**URL:** https://www.mineralrightsforum.com/t/offer-to-purchase-mineral-rights/83585
**Category:** Eddy County, NM
**Created:** [September 10, 2025, 10:03pm UTC](https://www.mineralrightsforum.com/t/offer-to-purchase-mineral-rights/83585 "2025-09-10T22:03:44Z")
**Posts on this page:** 5
**Page:** 1
### Author:  [@tglasset](https://www.mineralrightsforum.com/u/tglasset)
#### Post date: [September 10, 2025, 10:03pm UTC](https://www.mineralrightsforum.com/t/offer-to-purchase-mineral-rights/83585/1 "2025-09-10T22:03:44Z")
Received an offer to purchase mineral rights in Eddy: SW/4 of Township 19S Range 26E Section 13 and S/2NE/4 & N/2SE/4 of Section 14. The offer came from Longboat Energy Partners LLC. I am not sure who they are. Their offer is $1,500 NMA. Seems skinny. Any activity going on there to encourage offers to purchase?
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### Author:  [@NMoilboy](https://www.mineralrightsforum.com/u/NMoilboy)
#### Post date: [September 12, 2025, 1:16pm UTC](https://www.mineralrightsforum.com/t/offer-to-purchase-mineral-rights/83585/2 "2025-09-12T13:16:24Z")
They are guys in Midland who buy minerals. Beyond that I know nothing.
There is nothing going on there. Anybody buying that is just hoping something will happen there in the next few years. Or hoping to ship it to someone that will take that bet. Edge of the Delaware and NW shelf. Hoping Yeso extends to the East or Bone Springs extends a good bit to the NW. It might, I’d say at this snapshot in time that it probably will not. But what do I know. If nothing happens it’s worth a lot less than $1500 NMA, if it does, it’s worth a lot more. All depends on what risk someone assigns to those two outcomes. In a sane world, Longboat thinks that risked math makes sense @ $1500 NMA. I can see that viewpoint, but it’s very subjective and depends on how much hopium one wants to inhale.
That all said, it doesn’t seem crazy to think that if someone else will pay you $1500 NMA, on a risked basis it’s worth more than $1500 NMA, thus one should not sell it for $1500 NMA. But you just have to know that the **most likely case** is that it is worth whatever tiny amount the Morrow vertical is paying you and this offer is a good bit more than that. Like you say, more offers are much more likely to give you an accurate read on a market price.
Good luck.
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### Author:  [@PermianResearch](https://www.mineralrightsforum.com/u/PermianResearch)
#### Post date: [September 12, 2025, 1:28pm UTC](https://www.mineralrightsforum.com/t/offer-to-purchase-mineral-rights/83585/3 "2025-09-12T13:28:00Z")
It looks like there’s not a lot of activity in the area, so it could be a dart throw. Are the properties producing?
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### Author:  [@NMoilboy](https://www.mineralrightsforum.com/u/NMoilboy)
#### Post date: [September 12, 2025, 2:34pm UTC](https://www.mineralrightsforum.com/t/offer-to-purchase-mineral-rights/83585/4 "2025-09-12T14:34:54Z")
There is an old active Morrow well in Section 14. And yeah, seems a dart throw likely backstopped by being able to blend this NRA with better Permian acreage and selling consolidated package up the line to bigger fish. I’d imagine.
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [December 9, 2025, 10:04pm UTC](https://www.mineralrightsforum.com/t/offer-to-purchase-mineral-rights/83585/5 "2025-12-09T22:04:10Z")
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