# Sale of Mineral Rights - 31 17N 7W Kingfisher OK
**URL:** https://www.mineralrightsforum.com/t/sale-of-mineral-rights-31-17n-7w-kingfisher-ok/2594
**Category:** Kingfisher County, OK
**Created:** [June 19, 2017, 7:28pm UTC](https://www.mineralrightsforum.com/t/sale-of-mineral-rights-31-17n-7w-kingfisher-ok/2594 "2017-06-19T19:28:33Z")
**Posts on this page:** 9
**Page:** 1
### Author:  [@Debra\_Nelson](https://www.mineralrightsforum.com/u/Debra_Nelson)
#### Post date: [June 19, 2017, 7:28pm UTC](https://www.mineralrightsforum.com/t/sale-of-mineral-rights-31-17n-7w-kingfisher-ok/2594/1 "2017-06-19T19:28:33Z")
Hello! I hope someone would be kind enough to advise me.
I have mineral rights under lease at the referenced location in Kingfisher, known at the Gilmour well. Recently I received an offer of $7,500 per acre from Shepherd Royalty of Dallas.
Two questions, please:
1. From your experience is that a fair offer?
2. Is Shepherd Royalty a reputable company? I am asking because I spoke with a landman there about two weeks ago. I was told at the time that they would honor the offer. I was to receive what amounted to a written offer to start the sale. As of today, I have received no other word from them, and no landmen seem to be in the office. Seems odd to me.
Thanks for any thoughts or advise.
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### Author:  [@R\_Story](https://www.mineralrightsforum.com/u/R_Story)
#### Post date: [June 19, 2017, 7:34pm UTC](https://www.mineralrightsforum.com/t/sale-of-mineral-rights-31-17n-7w-kingfisher-ok/2594/2 "2017-06-19T19:34:09Z")
If you are set on selling, just make sure you have the check in hand before you give them a signed deed.
Personally I have never heard of them, but as long as they pay upfront that shouldn’t be a problem.
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### Author:  [@JOHN\_MORAN](https://www.mineralrightsforum.com/u/JOHN_MORAN)
#### Post date: [June 19, 2017, 7:56pm UTC](https://www.mineralrightsforum.com/t/sale-of-mineral-rights-31-17n-7w-kingfisher-ok/2594/3 "2017-06-19T19:56:19Z")
Have you checked the Internet to see if they are a registered company? Just like R Story said, make sure you have the money up front and it clears the bank before you sign a deed. We’ve even had people send us a check written on a real account only to find that the check was bogus. Some crooks are pretty smart, they know that it can take several weeks for a check to clear the bank. I think I’d want some verified method of payment like a bank transfer. Other more knowledgeable people may suggest other methods and protections you can you also.
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### Author:  [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [June 19, 2017, 8:16pm UTC](https://www.mineralrightsforum.com/t/sale-of-mineral-rights-31-17n-7w-kingfisher-ok/2594/4 "2017-06-19T20:16:00Z")
1. In my experience, first offers are usually quite low to final offers. Ask for twice as much and see if they blink. Always get the offer in writing. I agree with Ryan and John. Do not turn over the deed without a cleared check, or a money order.
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### Author:  [@JOHN\_MORAN](https://www.mineralrightsforum.com/u/JOHN_MORAN)
#### Post date: [June 19, 2017, 8:23pm UTC](https://www.mineralrightsforum.com/t/sale-of-mineral-rights-31-17n-7w-kingfisher-ok/2594/5 "2017-06-19T20:23:23Z")
FYI - Did you check out their website? I see they accept using a 3rd party to hold the deed and money like escrow, maybe a good option but find a lawyer or someone you can trust to be the 3rd party and as M Barnes says, the offer is probably low. We were offered $6,500 in same area but others have said they were offered $10,500.
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### Author:  [@TODD\_M\_Baker](https://www.mineralrightsforum.com/u/TODD_M_Baker)
#### Post date: [June 24, 2017, 3:22pm UTC](https://www.mineralrightsforum.com/t/sale-of-mineral-rights-31-17n-7w-kingfisher-ok/2594/6 "2017-06-24T15:22:17Z")
Hi Debra:
Drop me an e-mail and I will let you know the best way to handle your situation.
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### Author:  [@Margaret\_Kellogg](https://www.mineralrightsforum.com/u/Margaret_Kellogg)
#### Post date: [June 29, 2017, 5:29pm UTC](https://www.mineralrightsforum.com/t/sale-of-mineral-rights-31-17n-7w-kingfisher-ok/2594/7 "2017-06-29T17:29:27Z")
Figure how much tax you’ll have to pay if you sell. It may be to your advantage financially to keep your minerals and take income on a monthly/yearly basis. Best to talk with a local lawyer.
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### Author:  [@TODD\_M\_Baker](https://www.mineralrightsforum.com/u/TODD_M_Baker)
#### Post date: [June 29, 2017, 5:37pm UTC](https://www.mineralrightsforum.com/t/sale-of-mineral-rights-31-17n-7w-kingfisher-ok/2594/8 "2017-06-29T17:37:35Z")
Hi again Debra. I recently sold some minerals in that immediate area for more than the $7500/acre. Drop me a PM or e-mail me at .
Good Luck.
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [August 14, 2018, 10:24pm UTC](https://www.mineralrightsforum.com/t/sale-of-mineral-rights-31-17n-7w-kingfisher-ok/2594/9 "2018-08-14T22:24:56Z")