Purchasing min rights

#1

My family are selling mineral rights in Stephens County sections 16-17. Anyone know anout value of nonleased parcels adjacent to leased acreage. Offered $14 and $16k for leased acreage with 1/4, and 0 for acquiring nonleased portions. What do you advise?

#2

You need to give the complete section, township and range as there are many sections 16 & 17 in Stephens county. Slow down and really understand the value of what you have before you sell as there are a lot of lowball offers out there. You need to understand if you have pending wells that they know about but you do not.

#3

Be very careful with the transaction especially delivering a deed without a certified check (not a draft).
Also, why would you sell non-leased portions at $0??

#4

What’s the issue with a draft?

#5

Here is a good article about drafts:

https://www.mineralweb.com/owners-guide/lease-proposals/bank-drafts-oil-and-gas-leasing/

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