# Offers to Buy RI Sec 8 Blk C8
**URL:** https://www.mineralrightsforum.com/t/offers-to-buy-ri-sec-8-blk-c8/71903
**Category:** Reeves County, TX
**Created:** [August 10, 2023, 3:25pm UTC](https://www.mineralrightsforum.com/t/offers-to-buy-ri-sec-8-blk-c8/71903 "2023-08-10T15:25:17Z")
**Posts on this page:** 13
**Page:** 1
### Author:  [@Travis\_Rall](https://www.mineralrightsforum.com/u/Travis_Rall)
#### Post date: [August 10, 2023, 3:25pm UTC](https://www.mineralrightsforum.com/t/offers-to-buy-ri-sec-8-blk-c8/71903/1 "2023-08-10T15:25:17Z")
I’ve got an offer of about $4k/NRA for acreage in Section 8, Block C8, and the two sections north of it. Does anyone know of buyers offering more in this area? I’d like to sell but think I should be able to get stronger offers.
---
### Author:  [@fred\_klein](https://www.mineralrightsforum.com/u/fred_klein)
#### Post date: [August 10, 2023, 11:31pm UTC](https://www.mineralrightsforum.com/t/offers-to-buy-ri-sec-8-blk-c8/71903/2 "2023-08-10T23:31:53Z")
Is this an offer to lease or buy? You are about 10 miles to my southwest. I am in C-18, Section 4.
---
### Author:  [@Travis\_Rall](https://www.mineralrightsforum.com/u/Travis_Rall)
#### Post date: [August 11, 2023, 4:30pm UTC](https://www.mineralrightsforum.com/t/offers-to-buy-ri-sec-8-blk-c8/71903/3 "2023-08-11T16:30:52Z")
This is an offer to buy.
---
### Author:  [@Linton\_Tomlin](https://www.mineralrightsforum.com/u/Linton_Tomlin)
#### Post date: [August 11, 2023, 10:28pm UTC](https://www.mineralrightsforum.com/t/offers-to-buy-ri-sec-8-blk-c8/71903/4 "2023-08-11T22:28:00Z")
I had an offer to buy BLK C-8, Section 26 recently from Cresta Royalty Partners for 14k.
---
### Author:  [@Travis\_Rall](https://www.mineralrightsforum.com/u/Travis_Rall)
#### Post date: [August 12, 2023, 12:48am UTC](https://www.mineralrightsforum.com/t/offers-to-buy-ri-sec-8-blk-c8/71903/5 "2023-08-12T00:48:35Z")
Would you be able to get me the contact information for who reached out to you?
---
### Author:  [@Charles\_Emery\_Tooke\_III](https://www.mineralrightsforum.com/u/Charles_Emery_Tooke_III)
#### Post date: [August 16, 2023, 1:16pm UTC](https://www.mineralrightsforum.com/t/offers-to-buy-ri-sec-8-blk-c8/71903/6 "2023-08-16T13:16:47Z")
Linton, is that $14K per Net Mineral Acre or $14K per Net Royalty Acre?
---
### Author:  [@Joyce1](https://www.mineralrightsforum.com/u/Joyce1)
#### Post date: [August 16, 2023, 1:35pm UTC](https://www.mineralrightsforum.com/t/offers-to-buy-ri-sec-8-blk-c8/71903/7 "2023-08-16T13:35:12Z")
What’s the difference between NMA and NRA?
---
### Author:  [@Charles\_Emery\_Tooke\_III](https://www.mineralrightsforum.com/u/Charles_Emery_Tooke_III)
#### Post date: [August 16, 2023, 6:45pm UTC](https://www.mineralrightsforum.com/t/offers-to-buy-ri-sec-8-blk-c8/71903/8 "2023-08-16T18:45:25Z")
There are 8 Royalty Acres for every 1 Mineral Acre. It is somehow based on the old 1/6th royalty leases. They adjust your total gross Royalty Acres by the Royalty in any lease presently affecting the property and also by any Non-Participating Royalties severed in prior title to determine your NET Royalty Acres. That is the number they frequently use in their offers rather than your Net Mineral Acres.
---
### Author:  [@NMoilboy](https://www.mineralrightsforum.com/u/NMoilboy)
#### Post date: [August 16, 2023, 6:49pm UTC](https://www.mineralrightsforum.com/t/offers-to-buy-ri-sec-8-blk-c8/71903/9 "2023-08-16T18:49:36Z")
C8 Section 26 is going to be worth a good bit more than Section 8. IMO, fwiw.
I would guess you could get more than $4k/NRA for Section 8 but that doesn’t seem outright insulting.
---
### Author:  [@Travis\_Rall](https://www.mineralrightsforum.com/u/Travis_Rall)
#### Post date: [August 16, 2023, 7:22pm UTC](https://www.mineralrightsforum.com/t/offers-to-buy-ri-sec-8-blk-c8/71903/10 "2023-08-16T19:22:10Z")
My understanding is that the net royalty acre is based off of the idea that 1 net mineral acre leased at “the usual” 1/8 royalty (which is no longer usual) equals 1 net royalty acre. So 1 net mineral acre leased at a 1/4 royalty would be 2 net royalty acres.
---
### Author:  [@Travis\_Rall](https://www.mineralrightsforum.com/u/Travis_Rall)
#### Post date: [August 16, 2023, 7:22pm UTC](https://www.mineralrightsforum.com/t/offers-to-buy-ri-sec-8-blk-c8/71903/11 "2023-08-16T19:22:51Z")
That seems right to me as well. I’m not a bit offended by it and am starting to see some more competitive rates come in but not super high like the 20-30k/nra in some areas of the Delaware Basin.
---
### Author:  [@NMoilboy](https://www.mineralrightsforum.com/u/NMoilboy)
#### Post date: [August 17, 2023, 2:56pm UTC](https://www.mineralrightsforum.com/t/offers-to-buy-ri-sec-8-blk-c8/71903/12 "2023-08-17T14:56:15Z")
“My understanding is that the net royalty acre is based off of the idea that 1 net mineral acre leased at “the usual” 1/8 royalty (which is no longer usual) equals 1 net royalty acre. So 1 net mineral acre leased at a 1/4 royalty would be 2 net royalty acres.”
You got it.
---
### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [November 8, 2023, 3:26pm UTC](https://www.mineralrightsforum.com/t/offers-to-buy-ri-sec-8-blk-c8/71903/13 "2023-11-08T15:26:02Z")
This topic was automatically closed after 90 days. New replies are no longer allowed.