I am wanting to sell 3.75 acres of minerals in 10 09N 04W in McClain County. We have received several letters from different companies wanting to purchase them, but worried they may not be legitimate .
Is there a simplified platform to sell them on? Some place reputable?
Thank you - .
You might need to know that Eckerd has a new horizontal permit for that section going into 14 and 22. The horizontal will pay out far more than the current and past shallow wells. That is the reason that you are getting offers. If you really don’t need to sell, sit back and wait for a few months. If you do need to sell, there are several mineral auction sites that are viable. Many buyers have an algorithm that is for paying for a certain number of years of production. I have heard three-five years. Our family prefers to hang onto decades of production. It is highly likely that if the first horizontal well is productive, several more infill wells will be drilled in the next few years. Buyer usually don’t mention that as they intend to make a profit off of buying the minerals.
What makes you think an online mineral platform would result in “legitimate buyers” vs the offers you are getting now, from the same buyers that would bid on them online? You can use a site like energynet, but Im not sure if they list deals that small and would take a 10% fee