The following excerpt from a mineral deed in Custer County, Oklahoma shows you how to calculate the actual price per acre that a mineral deed is conveying. Note also that commonly, the prices will be something from about 3 to 5 times the offer to lease. Caveat – leases usually offer lower per acre pricing if higher royalty is offered. Example – the buyer may offer $1,000 per acre with a 25% royalty or $2,000 per acre with a 3/16th offer – 18.75% royalty.
