Bucket 3 · Independent service, not affiliated with any mineral buyer or operator, the Oklahoma Corporation Commission, the Colorado Energy and Carbon Management Commission, the North Dakota Department of Mineral Resources or the Railroad Commission of Texas.

I got an offer for my mineral rights. What should I check before I sign?

Before signing, find out which operator runs wells on or near your tract, what your own check stubs say they produce, and whether new permits are filed nearby, and read exactly what the deed would convey. State agencies such as the Oklahoma Corporation Commission and the North Dakota Department of Mineral Resources publish well and permit records free. This fact report puts the state well records we can fetch together with your offer letter and statements, with questions to ask the buyer; it is not an appraisal.

How it works

Check your state is covered: Oklahoma, Colorado, North Dakota or Texas. Other states are not accepted yet.
Pay US$79 at checkout, then upload the offer letter, your legal description, and any lease, division order and recent check stubs. For Colorado and Texas, include a well API number from a check stub or division order.
We record the offer terms and quote what the deed would convey.
We pull the state well records available for your state: wells, status and operator; permits and completions in Oklahoma and North Dakota; monthly production in Colorado.
We add the production and revenue figures shown on your own check stubs, labelled as from your documents.
We note any publicly posted per-acre asking or offer ranges for the county, with links, as context only, and write questions to ask the buyer.
You receive the fact report by email within 48 hours.

What you get

The offer terms as written, with the deed scope quoted
Oklahoma: wells in your section with operator and status, permits and spudded wells in your township, and recent completion reports with initial test rates
North Dakota: wells in your township with operator, status and spud date, including permitted locations
Colorado: operator, location, status and monthly production for the well whose API number you send
Texas: location and well type for the well whose API number you send; operator taken from your statements; state production and permits not included
Production and revenue from your own check stubs, labelled as from your documents
Publicly posted ranges for the county, with links, where any exist, plus questions to ask the buyer
Links to every state record used and a list of what was not checked

US$79 all-in, one-time.
No subscription and no extra fees. Delivered by email within 48 hours of your order. Covers one offer for one tract in Oklahoma, Colorado, North Dakota or Texas.
Buy the pack · US$79 Join the first batch (email us)

Not ready to buy? Email us to join the first batch. We will reply once, when the next batch opens, and won't add you to any list.

Who it's for

For mineral owners and heirs in Oklahoma, Colorado, North Dakota and Texas who received an unsolicited cash offer and want the public well facts and their own documents summarised in one place before deciding. It suits owners who will make their own decision or take the report to their own attorney or accountant.

What it isn't

Not an appraisal or valuation, and we do not say what your rights are worth.
Not legal, tax, financial or investment advice, and not a recommendation to sell or keep.
Not available for tracts outside Oklahoma, Colorado, North Dakota and Texas.
State monthly production is included for Colorado only; elsewhere production comes from your own check stubs.
We do not contact or negotiate with the buyer.
Not a title search: we do not confirm who owns the minerals.

Sample excerpt

Fictional example. The owner, tract, wells and figures below are invented to show the format. Tract: NE/4 of Section 14, Township 15 North, Range 9 West, Kingfisher County, Oklahoma (fictional) Offer received: US$1,800 per net mineral acre, 20 net mineral acres, 30-day deadline Deed scope as written: "the lands described in Exhibit A and all other lands owned by Grantor in Kingfisher County" Wells in Section 14 (OCC well records): - Hollis 1509 #1-14H and #2-14H, Example Basin Operating LLC, active oil wells Initial tests (OCC completion reports, March 2024): 412 and 388 barrels of oil per day on test Your check stub (August 2026, Hollis 1509 1-14H): 2,140 barrels oil and 6,900 Mcf gas for the well Monthly state production: not included for Oklahoma Nearby activity (Township 15N, Range 09W): - 2 permitted, not yet spudded wells in Section 11, which adjoins your section, same operator - 1 spudded well in Section 23, another operator Publicly posted ranges (context only, not a value for this tract): - 1 listing in the county asked US$2,500 per net mineral acre for a tract in another township (link in full report) Questions to ask the buyer: 1. Which wells and permits did you use to set this price? 2. Are you aware of the 2 permits filed in Section 11? 3. Will you limit the deed to the NE/4 of Section 14 only? 4. Will you extend the 30-day deadline so I can get other offers?

Questions

Why are unsolicited mineral offers often low?

Buyers make money by paying less than they expect the minerals to earn, and many mail offers to owners who may not know what is happening on their tract. They usually check wells, production and permits before writing. Seeing the public well records and your own statements side by side puts you on a more equal footing when you reply or decide.

Is this an appraisal?

No. It is a fact report. We do not assign a dollar value to your minerals or say whether an offer is fair. We gather state well records, the figures on your own check stubs and any publicly posted ranges for the county as context. If you want a value, take the report to a licensed appraiser or petroleum engineer.

Which states do you cover, and what is included for each?

Oklahoma: wells in your section, permits and completion test rates in your township. North Dakota: wells and permitted locations in your township. Colorado: operator, status and monthly production for one well by API number. Texas: location and type of one well by API number only. Other states are not accepted yet.

Do you include production history?

From state records, only in Colorado, where the state publishes monthly production per well. In Oklahoma we report completion test rates, which are short initial tests. In Texas and North Dakota state production is not included. In every state we add the volumes and revenue shown on the check stubs you upload, labelled as from your documents.

What documents should I upload?

The offer letter is required, with the legal description of the tract. The report is more specific if you add your oil and gas lease, division order and two or three recent check stubs, which show the operator, well names, API numbers, volumes and your decimal interest. For Colorado and Texas, we need at least one well API number.

What if there is no production on my tract?

The report says so plainly. In Oklahoma and North Dakota we then focus on permits, new wells and completions in the surrounding township, which buyers often use when pricing undeveloped tracts. If neither the state records we can fetch nor your documents give any well fact for the tract or township, you get a full refund.

Do you contact the buyer for me?

No. We do not act as your agent, broker or negotiator, and we have no relationship with any mineral buyer. We give you the facts and a list of questions. You decide whether to reply, ask for more time, get other offers or decline, ideally with help from your own attorney or accountant.

Do you give tax or legal advice about selling?

No. Selling minerals can have tax effects, and the deed and contract terms matter, but advice on those depends on your own situation and state law. The report lists questions to raise with a tax professional and an attorney, such as whether the deed conveys more than the tract named in the offer.

Refunds

Full refund if we can't deliver: if we can't produce your pack, or it arrives later than the stated delivery time, you get all your money back. We don't control decisions made by other companies (for example a platform's review team or a card network), so the refund covers our delivery, not their decision.

Contact

Email james@bucket3.ai. We reply within one business day. Bucket 3 sells fixed-price digital packs; see all products, refunds and contact.