Has anyone sold their mineral rights in Roger Mills County lately? Section 13-15N-21W. Had a landman contact the 4 of us wanting to know what’s a fair price. Also one sibling already signed and mail the papers back check is supposed to be in the mail few days ago hope he gets it. Afraid to send signed form back and give up all rights and then be mailed a check. Any advice would be appreciated. Thanks in advance.
I would think that the suggested way to get paid for leases would work for sales also. You mail a copy of the notarized paperwork to the buyer while retaining the original. Upon receiving the check and the funds clearing, then you can mail the original.
Mewbourne just drilled the Ruben Rivers 24/13 PA well. It was completed on 10/13/25 in the Cherokee, so they want to buy before you realize there is a well. They want the royalties from that well. And the future royalties from any infill wells down the line. Horizontals typically perform much better than vertical wells due to the hundreds of feet of perforations. Estimated ultimate recoverable is about 1.5 BCF and over 400,000 bbls of oil. By asking you what you think is a fair price, they can lowball you because you are not as informed as they are about the potential.
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Might not want to sell your mineral rights since there is a new well there. Whoever you sell to will be receiving your royalties.
I have an unsolicited offer for my minerals in Roger Mills County, sections: 31‑14N‑21W, 25‑14N‑22W, 35‑14N‑22W and 36‑14N‑22W. What resources are available to insure a fair going price is agreed to? Thank you.
ThankYou!
31‑14N‑21W Crawley and Mewbourne have a large number of permits on the east side of the township for multi-section Cherokee horizontal wells. I suspect someone is trying to buy up the west side of the township before folks realize the new potential drilling.
25‑14N‑22W, Mewbourne has a rig running in the west side of the township. Cherokee permits, so same thought.
35‑14N‑22W Ditto
36‑14N‑22W Ditto
First offers to buy are usually low and only for the current wells, not the potential of the future wells as the buyer intends to make a profit off of your minerals.
Thank you very much M_Barnes!
I‘m doing a crash course on Oklahoma minerals. Reading the posts. Thank’s for making your knowledge and experience available to small interest holders like me.
Recently, I’ve received an increasing number cold-call solicitations from various OK mineral buying companies. I’m at the crossroads … sell or hold. I’m considering first offers.
Is there a list of top companies to do business with? Do landmen expect counterproposals and back and forth negotiations? Where can I go for an informal mineral rights appraisal to promote fair pricing?
Thanks again.
Best regards, Rick
You have several options. You can sit tight and wait for drilling to come to you (or it may not). You can sell some and keep some. You can sell all of it.
In general, first offers are for the value of the current wells for a certain number of years (3-5) at a discounted rate for the time value of money, Some companies pay for upside, but many do not because that is what they intend to make their profit on. You can try negotiating.
You can get bids from the current companies offering or go to auction sites. Best to get multiple bids to determine the best offer. For a general appraisal, you can find Pecan Tree in the Directories tab above. The offers are your gauge for what is “competitive” in today’s market. As for “fair”, my attorney said that “fair” is what a willing and informed seller under no compulsion to sell and a willing and informed buyer under no compulsion to buy agree to. Buyers are usually much more informed than sellers. Remember that if you sell, you may end up with a capital gain tax which sellers rarely mention, so keep that in mind.
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What price range were you offered? It’s varied widely for me. From $3000/acre to $6000/acre for my Roger Mills holdings (which I am not selling, but nonetheless continue to receive offers for…usually because a well is planned). If Mewbourne is active in your section, then I wouldn’t sell for the lower end of that range for sure! They are a good operator and are completing some massive oil and gas wells in the Cherokee formations in Roger Mills and Ellis counties of Oklahoma these days. That’s likely what these unsolicited offers are after.
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Thank you Frederick. Good food for thought. May stand pat. I’ve had offers from $3,333 to $4,800 (weighted average around $4,300 per nma) for my holdings in Roger Mills where Mewbourne is active and I understand new horizontal wells are soon coming in the Cherokee formation. No prospective purchaser of my minerals has mentioned the new well activity. I assume they know more than I do. I’ve not mentioned it.