Right purchase offer

I have an offer to purchase from T3 Energy for $2500/ac in section 5-4S-2E and some in Section 6 (I think same 4S-2E, but not positive) for just over 25 acres. We would like to sell and get out of the oil and gas rights owning situation, and could use the money.

  1. Is that a good rate per acre?
  2. Are there ways to minimize the amount we would have to pay in taxes? We are gainfully employed, and this would be a significant boost. So this would probably cause us to pay a good portion of this in taxes.

I cannot speak to the rate. But to defer taxes, you can look into a 1031 exchange.

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I recently received an offer in nearby Sec2 - 4S 1E for $3k an acre. No activity going on in that area to speak of, seems like a good offer. You might ask for more.