# Offer to purchase minerals in Sec 7-2S-3W
**URL:** https://www.mineralrightsforum.com/t/offer-to-purchase-minerals-in-sec-7-2s-3w/62064
**Category:** Carter County, OK
**Created:** [June 8, 2021, 11:01pm UTC](https://www.mineralrightsforum.com/t/offer-to-purchase-minerals-in-sec-7-2s-3w/62064 "2021-06-08T23:01:55Z")
**Posts on this page:** 5
**Page:** 1
### Author:  [@milnerco](https://www.mineralrightsforum.com/u/milnerco)
#### Post date: [June 8, 2021, 11:01pm UTC](https://www.mineralrightsforum.com/t/offer-to-purchase-minerals-in-sec-7-2s-3w/62064/1 "2021-06-08T23:01:55Z")
I have received and offer to purchase my minerals in the above location. Dry Creek Energy made the offer. I have not seen any activity in this area, although application is being considered for a horizontal well at this time. Offer was for $6000/net mineral acre. Is this even in the ballpark?
Thanks for any and all responses.
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### Author:  [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [June 8, 2021, 11:59pm UTC](https://www.mineralrightsforum.com/t/offer-to-purchase-minerals-in-sec-7-2s-3w/62064/2 "2021-06-08T23:59:48Z")
You are getting an offer because Camino is planning on drilling a horizontal well in that section. The pooling hearing was supposed to have been on June 1, but I have not checked the docket to see if it actually occurred. Offer amounts are based somewhat on your royalty rate, so if you are already leased and have a 1/8th royalty, you will get a lower offer than a royalty at 1/4th. The question is whether you would make more than $6000/ac over the life of well with some discount factor for the time value of money. And might there be more than one well…Most offers I have received have been lower than both of those options. “If” the well is productive and economic…
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### Author:  [@milnerco](https://www.mineralrightsforum.com/u/milnerco)
#### Post date: [June 9, 2021, 2:47am UTC](https://www.mineralrightsforum.com/t/offer-to-purchase-minerals-in-sec-7-2s-3w/62064/3 "2021-06-09T02:47:14Z")
Thank you for your response. My minerals are hbp for generations, and the royalty is .1875. I only have 1,44 net acres, so the possibility of multiple wells is a bit slim. I understand all of your post, and my guess is as good as yours. I will counter the offer, but I am leaning to accepting it.
Thanks again
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### Author:  [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [June 9, 2021, 3:47pm UTC](https://www.mineralrightsforum.com/t/offer-to-purchase-minerals-in-sec-7-2s-3w/62064/4 "2021-06-09T15:47:21Z")
Your 1.44 acres will be a part of the larger 640 acres that will be the spacing for the first horizontal well. It would also be a part of the same 640 acres if they drilled more than one well in the future.
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [September 6, 2021, 11:02pm UTC](https://www.mineralrightsforum.com/t/offer-to-purchase-minerals-in-sec-7-2s-3w/62064/5 "2021-09-06T23:02:01Z")
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