# Section 27, Block C-2
**URL:** https://www.mineralrightsforum.com/t/section-27-block-c-2/41488
**Category:** Pecos County, TX
**Created:** [February 10, 2019, 8:04pm UTC](https://www.mineralrightsforum.com/t/section-27-block-c-2/41488 "2019-02-10T20:04:36Z")
**Posts on this page:** 8
**Page:** 1
### Author:  [@lmyers](https://www.mineralrightsforum.com/u/lmyers)
#### Post date: [February 10, 2019, 8:04pm UTC](https://www.mineralrightsforum.com/t/section-27-block-c-2/41488/1 "2019-02-10T20:04:37Z")
I am new to this group and new to valuing mineral interests. I am trying to determine the selling value of 6.25 net royalty acres in Pecos County, Texas (Edith MacIlvain). Operator is McClure Oil Company. I have received a number of offers in the mail at varying amounts. The offer amounts varied from $24,000 to $50,000.
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### Author:  [@Stephen\_Day](https://www.mineralrightsforum.com/u/Stephen_Day)
#### Post date: [February 11, 2019, 2:03am UTC](https://www.mineralrightsforum.com/t/section-27-block-c-2/41488/2 "2019-02-11T02:03:40Z")
Sometimes what the offer is to buy is less than what you may get just to lease it out for say 3 years. These folks a lot of times are just buying to resell or to get in on the lease payout and profit from your willingness to get cash. I have no information in reference to your situation but if there is a probability of oil on your spot from my personal experience it may be better for you just to lease it instead of outright sale.
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### Author:  [@TwoShoeBeagie7](https://www.mineralrightsforum.com/u/TwoShoeBeagie7)
#### Post date: [February 11, 2019, 2:48pm UTC](https://www.mineralrightsforum.com/t/section-27-block-c-2/41488/3 "2019-02-11T14:48:12Z")
Did you inherit the minerals recently and need to update ownership? There does not appear to be a “Leslie Myers” listed as in-pay per the 2018 year records.
Nonetheless, you can likely get closer to $62,500 ($10,000/NRA) if you find the right buyer. I know of a few who purchase minerals in that area and have seen them pay $9,000-$13,000/NRA depending on the exact acreage and drilling situation.
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### Author:  [@NMoilboy](https://www.mineralrightsforum.com/u/NMoilboy)
#### Post date: [February 11, 2019, 3:36pm UTC](https://www.mineralrightsforum.com/t/section-27-block-c-2/41488/4 "2019-02-11T15:36:44Z")
Unfortunately being under McClure is not good for you. Unlike Diamondback or Patriot or Jagged Peak or XTO, they won’t be drilling any horizontal wells anytime soon. So for that exact acreage and drilling situation, $50k for the lot is a pretty good offer. IMO.
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### Author:  [@TwoShoeBeagie7](https://www.mineralrightsforum.com/u/TwoShoeBeagie7)
#### Post date: [February 11, 2019, 5:02pm UTC](https://www.mineralrightsforum.com/t/section-27-block-c-2/41488/5 "2019-02-11T17:02:24Z")
NMoilboy, any insight as to why McClure is just sitting on acreage? Are they gathering HBP properties to sell to another operator, and as such have no interest in developing minerals for cash flow themselves in the meantime?
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### Author:  [@NMoilboy](https://www.mineralrightsforum.com/u/NMoilboy)
#### Post date: [February 11, 2019, 5:51pm UTC](https://www.mineralrightsforum.com/t/section-27-block-c-2/41488/6 "2019-02-11T17:51:01Z")
I don’t know anything about McClure. Other than they have two isolated sections (this one and Township 48-8 Section 5) where they appear to be content with just vertical Delaware production.
My guess is that all the surrounding stuff is going to get “Tetris’d” into 1280-acre units and those are gonna get stranded.
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### Author:  [@lmyers](https://www.mineralrightsforum.com/u/lmyers)
#### Post date: [February 14, 2019, 1:56pm UTC](https://www.mineralrightsforum.com/t/section-27-block-c-2/41488/7 "2019-02-14T13:56:58Z")
TwoShoe, can you share with me the firm names that are paying the prices you noted? Thanks.
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### Author:  [@MRFAdmin\_SV](https://www.mineralrightsforum.com/u/MRFAdmin_SV)
#### Post date: [January 11, 2025, 5:16pm UTC](https://www.mineralrightsforum.com/t/section-27-block-c-2/41488/10 "2025-01-11T17:16:02Z")