# Purchasing min rights

**URL:** https://www.mineralrightsforum.com/t/purchasing-min-rights/45868
**Category:** Stephens County, OK
**Created:** [May 13, 2019, 11:34pm UTC](https://www.mineralrightsforum.com/t/purchasing-min-rights/45868 "2019-05-13T23:34:23Z")
**Posts on this page:** 6
**Page:** 1

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### Author: ![seandarnall](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/s/5fc32e/32.png) [@seandarnall](https://www.mineralrightsforum.com/u/seandarnall)
#### Post date: [May 13, 2019, 11:34pm UTC](https://www.mineralrightsforum.com/t/purchasing-min-rights/45868/1 "2019-05-13T23:34:23Z")

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My family are selling mineral rights in Stephens County sections 16-17. Anyone know about 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?

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### Author: ![M\_Barnes](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/m_barnes/32/10942_2.png) [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [May 14, 2019, 7:29pm UTC](https://www.mineralrightsforum.com/t/purchasing-min-rights/45868/2 "2019-05-14T19:29:34Z")

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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.

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### Author: ![Richard\_Winblad](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/richard_winblad/32/11511_2.png) [@Richard\_Winblad](https://www.mineralrightsforum.com/u/Richard_Winblad)
#### Post date: [May 14, 2019, 8:09pm UTC](https://www.mineralrightsforum.com/t/purchasing-min-rights/45868/3 "2019-05-14T20:09:48Z")

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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??

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### Author: ![Chance](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/c/e274bd/32.png) [@Chance](https://www.mineralrightsforum.com/u/Chance)
#### Post date: [May 15, 2019, 8:31am UTC](https://www.mineralrightsforum.com/t/purchasing-min-rights/45868/4 "2019-05-15T08:31:30Z")

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What’s the issue with a draft?

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### Author: ![Richard\_Winblad](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/richard_winblad/32/11511_2.png) [@Richard\_Winblad](https://www.mineralrightsforum.com/u/Richard_Winblad)
#### Post date: [May 15, 2019, 7:01pm UTC](https://www.mineralrightsforum.com/t/purchasing-min-rights/45868/5 "2019-05-15T19:01:08Z")

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Here is a good article about drafts:

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

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### Author: ![MRFAdmin\_SV](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/m/e0b2c6/32.png) [@MRFAdmin\_SV](https://www.mineralrightsforum.com/u/MRFAdmin_SV)
#### Post date: [January 11, 2025, 5:58pm UTC](https://www.mineralrightsforum.com/t/purchasing-min-rights/45868/6 "2025-01-11T17:58:05Z")

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