# Very high royalty buyout offers
**URL:** https://www.mineralrightsforum.com/t/very-high-royalty-buyout-offers/72066
**Category:** Midland County, TX
**Created:** [August 24, 2023, 1:49pm UTC](https://www.mineralrightsforum.com/t/very-high-royalty-buyout-offers/72066 "2023-08-24T13:49:11Z")
**Posts on this page:** 9
**Page:** 1
### Author:  [@Circleoranch](https://www.mineralrightsforum.com/u/Circleoranch)
#### Post date: [August 24, 2023, 1:49pm UTC](https://www.mineralrightsforum.com/t/very-high-royalty-buyout-offers/72066/1 "2023-08-24T13:49:11Z")
We just inherited royalties from 2 wells in Midland County. They have been in the family for about 20 years and yield $3,000 to $5,000 per year. We are getting multiple offers to buy for over $200,000. We thought royalty values would be maybe 3 times annual. What is going on? Can’t find any info on new formation plays in the area.
---
### Author:  [@George\_D\_Cato](https://www.mineralrightsforum.com/u/George_D_Cato)
#### Post date: [August 25, 2023, 4:34pm UTC](https://www.mineralrightsforum.com/t/very-high-royalty-buyout-offers/72066/2 "2023-08-25T16:34:17Z")
What Section, Block, Township etc and/or Abstract No.? Also, how many mineral acres do you own?
---
### Author:  [@KellyH](https://www.mineralrightsforum.com/u/KellyH)
#### Post date: [August 25, 2023, 7:02pm UTC](https://www.mineralrightsforum.com/t/very-high-royalty-buyout-offers/72066/3 "2023-08-25T19:02:52Z")
It’s possible there may be a lot of permits happening in the area.
This is an industry where the seller needs to beware because they likely know something you don’t know, so please be careful if you’re considering their offer.
---
### Author:  [@Circleoranch](https://www.mineralrightsforum.com/u/Circleoranch)
#### Post date: [August 26, 2023, 10:29pm UTC](https://www.mineralrightsforum.com/t/very-high-royalty-buyout-offers/72066/4 "2023-08-26T22:29:45Z")
I accidentally placed this in the incorrect County. Interest is in Midland County. Sorry.
---
### Author:  [@fttxguy](https://www.mineralrightsforum.com/u/fttxguy)
#### Post date: [August 27, 2023, 3:47pm UTC](https://www.mineralrightsforum.com/t/very-high-royalty-buyout-offers/72066/5 "2023-08-27T15:47:32Z")
Wolfcamp, Lower Spraberry, Bone Springs formations
---
### Author:  [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [September 16, 2023, 5:23pm UTC](https://www.mineralrightsforum.com/t/very-high-royalty-buyout-offers/72066/6 "2023-09-16T17:23:13Z")
Most likely you have horizontal wells coming. Use the RRC maps to look up wells around you and pending permits. Be cautious about selling.
---
### Author:  [@Circleoranch](https://www.mineralrightsforum.com/u/Circleoranch)
#### Post date: [September 21, 2023, 5:47pm UTC](https://www.mineralrightsforum.com/t/very-high-royalty-buyout-offers/72066/7 "2023-09-21T17:47:40Z")
Thanks to everybody for helpful responses
---
### Author:  [@Diesel](https://www.mineralrightsforum.com/u/Diesel)
#### Post date: [September 21, 2023, 11:57pm UTC](https://www.mineralrightsforum.com/t/very-high-royalty-buyout-offers/72066/8 "2023-09-21T23:57:29Z")
I’d check the Railroad Commission website.
---
### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [November 22, 2023, 1:49pm UTC](https://www.mineralrightsforum.com/t/very-high-royalty-buyout-offers/72066/9 "2023-11-22T13:49:12Z")
This topic was automatically closed after 90 days. New replies are no longer allowed.