We were approached by BLACKWELL ENERGY, LLC to purchase mineral rights to "Oil and Gas mineral interests within Weld County Co Township 8 North, Range 59 West Parcel # 053928000011. We were offered $2000 (one price) to sell - knowing that this area of Weld County CO has several oil wells in the area and is producing, how much would be a good offer to counter?
In this type of situation, I will respond with “This offer is not sufficient for consideration and evaluation. You may submit an increased offer that meets our evaluation hurdle.”
This will typically get no response since these offers are seeking low hanging fruit. They will try to contact you to fish for your number. If that happens, tell them submit the offer and you will respond accordingly.
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If you are looking to sell, you might consider soliciting a few offers from well respected mineral buyers. If you believe your interest is worth a significant amount, an appraisal is also an option. Pecan Oil offers a tool to give you an idea.