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.
- Is that a good rate per acre?
- 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.