# Want to sell - is this a fair price?
**URL:** https://www.mineralrightsforum.com/t/want-to-sell-is-this-a-fair-price/38503
**Category:** Laramie County, WY
**Created:** [December 15, 2018, 7:39pm UTC](https://www.mineralrightsforum.com/t/want-to-sell-is-this-a-fair-price/38503 "2018-12-15T19:39:03Z")
**Posts on this page:** 6
**Page:** 1
### Author:  [@fitzgma](https://www.mineralrightsforum.com/u/fitzgma)
#### Post date: [December 15, 2018, 7:39pm UTC](https://www.mineralrightsforum.com/t/want-to-sell-is-this-a-fair-price/38503/1 "2018-12-15T19:39:03Z")
I have inherited 5 acres in Township 17 North, Range 63 West. In 2015 someone reached out to lease the rights, now I’m being contacted to see if I will sell. Price offered is $1,500 per acre. Are mineral right offers negotiable? My siblings also have 5 acres each and we are looking to sell. Can anyone tell me if this is a fair price or should I look to another company?
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### Author:  [@Fred\_Clausen](https://www.mineralrightsforum.com/u/Fred_Clausen)
#### Post date: [December 17, 2018, 5:32am UTC](https://www.mineralrightsforum.com/t/want-to-sell-is-this-a-fair-price/38503/2 "2018-12-17T05:32:47Z")
There are a number of horizontal wells being permitted in this area. Since you did not give a section for your minerals, I cannot say if any are in your area, but I would think your minerals should be worth more than the 1500 you quoted. Get more info before you sell. The Wyoming Oil and Gas Commission website is a good starting point to check locations and permits in your area.
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### Author:  [@fitzgma](https://www.mineralrightsforum.com/u/fitzgma)
#### Post date: [December 17, 2018, 2:46pm UTC](https://www.mineralrightsforum.com/t/want-to-sell-is-this-a-fair-price/38503/3 "2018-12-17T14:46:40Z")
Thank you for the advice. I have acres in Township 17 North, Range 63 West, and Section 23. I called the company contact indicating I thought it should be higher, and they came back with $1971/acre. I know nothing about mineral rights, so now I guess I have to start learning because if they come up so quickly on the phone, wondering if that’s even a top price. I’ll check out the website you provided and dig deeper.
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### Author:  [@DRontal](https://www.mineralrightsforum.com/u/DRontal)
#### Post date: [December 17, 2018, 3:03pm UTC](https://www.mineralrightsforum.com/t/want-to-sell-is-this-a-fair-price/38503/4 "2018-12-17T15:03:47Z")
I wouldn’t read too much into the number of permits on the acreage. Operators can permit acreage in Wyoming and renew the permits without needing to commit to any timeline to develop. In fact, Anadarko is being sued over permitting without drilling now.
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### Author:  [@Fred\_Clausen](https://www.mineralrightsforum.com/u/Fred_Clausen)
#### Post date: [December 20, 2018, 5:17pm UTC](https://www.mineralrightsforum.com/t/want-to-sell-is-this-a-fair-price/38503/5 "2018-12-20T17:17:03Z")
Recently approved permits are most meaningful as Wyoming now requires six-month projections and drilling intent from the companies before approving new permits. Also, more rigs appear to be moving into the Cheyenne area, so research before selling. Some companies are paying lease bonuses similar to your purchase offer.
Research and get more offers before committing to selling and read any purchase contract carefully. Best to have an attorney review also. Have money in hand before signing away your minerals.
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### Author:  [@MRFAdmin\_SV](https://www.mineralrightsforum.com/u/MRFAdmin_SV)
#### Post date: [January 11, 2025, 4:26pm UTC](https://www.mineralrightsforum.com/t/want-to-sell-is-this-a-fair-price/38503/7 "2025-01-11T16:26:48Z")