# Sec-20-T-7-R-3

**URL:** https://www.mineralrightsforum.com/t/sec-20-t-7-r-3/66022
**Category:** McClain County, OK
**Created:** [April 22, 2022, 2:57pm UTC](https://www.mineralrightsforum.com/t/sec-20-t-7-r-3/66022 "2022-04-22T14:57:42Z")
**Posts on this page:** 6
**Page:** 1

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### Author: ![David27](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/david27/32/13332_2.png) [@David27](https://www.mineralrightsforum.com/u/David27)
#### Post date: [April 22, 2022, 2:57pm UTC](https://www.mineralrightsforum.com/t/sec-20-t-7-r-3/66022/1 "2022-04-22T14:57:42Z")

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Have an offer to sell my minerals for $2,750 per acre @ 3/16. Does this offer sound about right? Had another offer for $1,750.

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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: [April 22, 2022, 8:49pm UTC](https://www.mineralrightsforum.com/t/sec-20-t-7-r-3/66022/2 "2022-04-22T20:49:15Z")

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I believe that you are talking about a lease. When you sell rights to royalties are forfeited in most cases.

_This post is not legal, investment or tax advice, it is for discussion purposes only. Reading or responding to this post does not create an attorney-client relationship._

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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: [April 23, 2022, 1:51pm UTC](https://www.mineralrightsforum.com/t/sec-20-t-7-r-3/66022/3 "2022-04-23T13:51:32Z")

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This is certainly an offer to purchase. Lease rates going for much lower than that in this area.

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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: [April 24, 2022, 8:19pm UTC](https://www.mineralrightsforum.com/t/sec-20-t-7-r-3/66022/4 "2022-04-24T20:19:56Z")

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Something is “up”. A lot of leasing by Reef Petroleum and ScissorTailed Midcon during 2021. Offers to buy often come ahead of the bit.

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### Author: ![ErnstStavro](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/e/9fc29f/32.png) [@ErnstStavro](https://www.mineralrightsforum.com/u/ErnstStavro)
#### Post date: [April 25, 2022, 3:05pm UTC](https://www.mineralrightsforum.com/t/sec-20-t-7-r-3/66022/5 "2022-04-25T15:05:33Z")

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The offer is probably to sell for $2750/acre assuming the minerals are currently leased at 3/16 royalty.

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### Author: ![system](https://www.mineralrightsforum.com/uploads/db5755/original/3X/6/c/6c7c56608c843272ad6e3662ce9562a5956f173e.png) [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [July 21, 2022, 2:57pm UTC](https://www.mineralrightsforum.com/t/sec-20-t-7-r-3/66022/7 "2022-07-21T14:57:54Z")

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