# Offer to purchase our mineral rights- need advice
**URL:** https://www.mineralrightsforum.com/t/offer-to-purchase-our-mineral-rights-need-advice/3939
**Category:** McClain County, OK
**Created:** [November 18, 2016, 5:57pm UTC](https://www.mineralrightsforum.com/t/offer-to-purchase-our-mineral-rights-need-advice/3939 "2016-11-18T17:57:59Z")
**Posts on this page:** 20
**Page:** 1
### Author:  [@Parentof4js](https://www.mineralrightsforum.com/u/Parentof4js)
#### Post date: [November 18, 2016, 5:57pm UTC](https://www.mineralrightsforum.com/t/offer-to-purchase-our-mineral-rights-need-advice/3939/1 "2016-11-18T17:57:59Z")
We own the mineral rights on 240 acres in McClain County. Oil was found at 2 locations: Smedley and Henson Haven. We receive royalties from this. A landman is asking to buy the mineral rights for the acreage where the oil is not yet found. They are offering $500 an acre. How do we know this is a fair price? How do we find out what a fair price is? What suggestions / advice would you have for us? What questions should we be asking? Thank you for your time and help.
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### Author:  [@Cindy\_Kissner1](https://www.mineralrightsforum.com/u/Cindy_Kissner1)
#### Post date: [November 18, 2016, 6:15pm UTC](https://www.mineralrightsforum.com/t/offer-to-purchase-our-mineral-rights-need-advice/3939/2 "2016-11-18T18:15:39Z")
What’s your legal where the acreage is not producing? That price is even lower than the normal leasing bonus for McClain. Your County is a very hot County right now. It’s located within the Scoop & Stack play. Personally I wouldn’t sell and definitely not to that guy.
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### Author:  [@John\_W](https://www.mineralrightsforum.com/u/John_W)
#### Post date: [November 18, 2016, 6:24pm UTC](https://www.mineralrightsforum.com/t/offer-to-purchase-our-mineral-rights-need-advice/3939/3 "2016-11-18T18:24:42Z")
It depends on where it is located, i.e. Section, Township, and Range, but that offer seems closer to a lease rate than a purchase offer. Some more experienced folks on this site will be able to provide you with better information. There are a lot of knowledgeable people on this site like Stephen Weeks, M Barnes, and many others. Go back and read through the comments and you might get lucky and find something near your area. There are about 115 pages of them. My advice would be to study well and take it slow. You can also search on the Oklahoma Corporation Commission website. Oil and gas databases. Hope this helps.
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### Author:  [@Cindy\_Kissner1](https://www.mineralrightsforum.com/u/Cindy_Kissner1)
#### Post date: [November 18, 2016, 6:48pm UTC](https://www.mineralrightsforum.com/t/offer-to-purchase-our-mineral-rights-need-advice/3939/4 "2016-11-18T18:48:22Z")
I’m a 32+ year landman as well and I don’t mind helping you. I just don’t get on these sites a lot so if you need information or help you can just message me. I manage and lease for over 130 different funds with anywhere from 100-400 mineral owners each so I am very knowledgeable of areas around the United States.
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### Author:  [@Joe\_S](https://www.mineralrightsforum.com/u/Joe_S)
#### Post date: [November 18, 2016, 7:08pm UTC](https://www.mineralrightsforum.com/t/offer-to-purchase-our-mineral-rights-need-advice/3939/5 "2016-11-18T19:08:54Z")
Don’t sell for $500. If he is buying for $500, he probably has them already leased for $500! There are all kinds of slick willies out there looking to help you. Be careful.
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### Author:  [@Cindy\_Kissner1](https://www.mineralrightsforum.com/u/Cindy_Kissner1)
#### Post date: [November 18, 2016, 7:17pm UTC](https://www.mineralrightsforum.com/t/offer-to-purchase-our-mineral-rights-need-advice/3939/6 "2016-11-18T19:17:06Z")
In Township 8 North - Range 3 West they are “leasing” at $500/ac right now. He’s trying to buy your minerals at leasing rates.
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### Author:  [@Parentof4js](https://www.mineralrightsforum.com/u/Parentof4js)
#### Post date: [November 18, 2016, 10:42pm UTC](https://www.mineralrightsforum.com/t/offer-to-purchase-our-mineral-rights-need-advice/3939/7 "2016-11-18T22:42:56Z")
To answer your questions: In Section 7 Township 6N-2W we own the mineral rights on 220 acres.
Is the landman’s offer of $500 ac to purchase (NOT LEASE) in THIS area reasonable? What are mineral rights going for in this Section and Township of McClain County, Okla?
What does “Scoop & Stack Play” mean?
Thank you to all who have contributed so far. Your insights are helpful.
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### Author:  [@Joe\_S](https://www.mineralrightsforum.com/u/Joe_S)
#### Post date: [November 19, 2016, 4:20am UTC](https://www.mineralrightsforum.com/t/offer-to-purchase-our-mineral-rights-need-advice/3939/8 "2016-11-19T04:20:55Z")
I get offers all the time in McClain County in different locations. I have never had an offer that low to buy any of them. Even if you leased them for $200-250 an acre for 3 years I think you are way ahead. I am not sure what the lease rate is at that location right off hand. If they drilled a well on that and hit anything decent at all you would make so much money that buy offer would look like peanuts. Those minerals would be close to “The Scoop.” The Scoop and the Stack are oil and gas formations that are some of the hottest developing plays in Oklahoma and the United States right now.
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### Author:  [@Sandra\_Griswold](https://www.mineralrightsforum.com/u/Sandra_Griswold)
#### Post date: [November 21, 2016, 11:14pm UTC](https://www.mineralrightsforum.com/t/offer-to-purchase-our-mineral-rights-need-advice/3939/9 "2016-11-21T23:14:21Z")
Have you been offered to lease mineral in your area? in Section 7? if so how much. We have Section 07-05N-01W
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### Author:  [@J\_Wilson](https://www.mineralrightsforum.com/u/J_Wilson)
#### Post date: [February 12, 2017, 5:30pm UTC](https://www.mineralrightsforum.com/t/offer-to-purchase-our-mineral-rights-need-advice/3939/10 "2017-02-12T17:30:37Z")
We’ve been offered $3,500 and $4,000 an acre to sell in 16-8N-4W (which is producing), but have seen $1,000 and $1,500 for areas that haven’t started yet.
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### Author:  [@Harry\_R\_Friedman](https://www.mineralrightsforum.com/u/Harry_R_Friedman)
#### Post date: [February 14, 2017, 1:48am UTC](https://www.mineralrightsforum.com/t/offer-to-purchase-our-mineral-rights-need-advice/3939/11 "2017-02-14T01:48:23Z")
Just so you have a reference, I was just offered $2300 per in 6-6N-3W and it’s already leased at $1000 per.
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### Author:  [@Sallecli1616](https://www.mineralrightsforum.com/u/Sallecli1616)
#### Post date: [February 14, 2017, 9:49pm UTC](https://www.mineralrightsforum.com/t/offer-to-purchase-our-mineral-rights-need-advice/3939/12 "2017-02-14T21:49:17Z")
I can look up your ownership to see if all your minerals are leased for reference. That offer is way too low and if your minerals are open it would be worth more. What is your ownership name under? Friend me to talk.
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### Author:  [@David11](https://www.mineralrightsforum.com/u/David11)
#### Post date: [February 24, 2017, 7:55pm UTC](https://www.mineralrightsforum.com/t/offer-to-purchase-our-mineral-rights-need-advice/3939/13 "2017-02-24T19:55:25Z")
I was also just offered yesterday 5000 to 8000 per acre in Section 2, Township 6 North, Range 4 West to sell my rights.
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### Author:  [@Monica\_Woodward](https://www.mineralrightsforum.com/u/Monica_Woodward)
#### Post date: [February 26, 2017, 3:31am UTC](https://www.mineralrightsforum.com/t/offer-to-purchase-our-mineral-rights-need-advice/3939/14 "2017-02-26T03:31:55Z")
I was also just offered $5000-$8000 per acre to sell in Section 26-Township 9 North-Range 4 West and Section 14. Something must be going on in this area. I am not sure what to do yet. Any advice?
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### Author:  [@John\_W](https://www.mineralrightsforum.com/u/John_W)
#### Post date: [February 26, 2017, 3:37am UTC](https://www.mineralrightsforum.com/t/offer-to-purchase-our-mineral-rights-need-advice/3939/15 "2017-02-26T03:37:39Z")
Me too, Section 20 Township 9 North Range 4 West.
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### Author:  [@Monica\_Woodward](https://www.mineralrightsforum.com/u/Monica_Woodward)
#### Post date: [February 26, 2017, 8:01pm UTC](https://www.mineralrightsforum.com/t/offer-to-purchase-our-mineral-rights-need-advice/3939/16 "2017-02-26T20:01:44Z")
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### Author:  [@Tom\_Ed\_Moore](https://www.mineralrightsforum.com/u/Tom_Ed_Moore)
#### Post date: [February 27, 2017, 12:32am UTC](https://www.mineralrightsforum.com/t/offer-to-purchase-our-mineral-rights-need-advice/3939/17 "2017-02-27T00:32:08Z")
Don’t sell!!!
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### Author:  [@SombreroBerto](https://www.mineralrightsforum.com/u/SombreroBerto)
#### Post date: [March 25, 2017, 12:04am UTC](https://www.mineralrightsforum.com/t/offer-to-purchase-our-mineral-rights-need-advice/3939/18 "2017-03-25T00:04:38Z")
I have minerals in Section 27…did they drill a horizontal well in 34? Any idea if it was a good well?
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### Author:  [@Joe\_S](https://www.mineralrightsforum.com/u/Joe_S)
#### Post date: [March 25, 2017, 2:33am UTC](https://www.mineralrightsforum.com/t/offer-to-purchase-our-mineral-rights-need-advice/3939/19 "2017-03-25T02:33:13Z")
If they are offering that type of money they believe it’s a safe bet they might get 3 or 4X that in production.
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### Author:  [@Lori\_Bailey](https://www.mineralrightsforum.com/u/Lori_Bailey)
#### Post date: [August 25, 2017, 1:21pm UTC](https://www.mineralrightsforum.com/t/offer-to-purchase-our-mineral-rights-need-advice/3939/20 "2017-08-25T13:21:59Z")
I have mineral rights in McClain County that I leased. I had been inundated with offers to BUY to “take it off my hands”… I do have someone who is very knowledgeable in oil and gas, and he advised me to NEVER SELL YOUR MINERAL RIGHTS! So… I didn’t. I know that some folks out there are getting offers for CASH right now and it does sound tempting, but ask yourself “why would they be offering so much money?” It’s because they might get 3 or 4x that in production, as stated by Joe S. Just hang on to it and lease your property. Just my 2 cents.
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