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advice on mineral rights and selling a property
Started this discussion. Last reply by paul cavaliere Jun 14. 9 Replies 0 Likes
my uncle passed away and we are going to sell his farm in Bradford county Pa. he currently gets royalties from a neighboring well from repsol. question I have is what are the mineral rights worth,…Continue
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paleface replied to paul cavaliere's discussion 'advice on mineral rights and selling a property'"Paul is that property in N.W. Bradford not far from Tioga CO."
"his royalties are being paid for the 10% portion of his land that the laterals run under from the well. the rest of the acreage is not in the equation. We decided to accept an all cash offer from the neighboring farmer for the property…"
Dott replied to paul cavaliere's discussion 'advice on mineral rights and selling a property'"I agree with David that the mineral rights should increase the price for which the property sells. it's always been said "Never sell your mineral rights". But each situation is different. The well should continue to produce for 20…"
David Cain replied to paul cavaliere's discussion 'advice on mineral rights and selling a property'"Paul, These well units are very large - often more than 300 acres and can go up to 1,000. Even though the well head is not on your uncle's property there are probably laterals running under the property that is draining the oil and…"
"My uncles original lease 12 years ago was with tailisment but now they are repsol? Originally they were going to put a well and pipelines on his property but later decided not to and put a pad on the farm behind his."
"We had the land 110 acres, appraised and it came in at $3300 an acre. The appraiser Said that's the value of the land/home etc. He said the price does not include any value for mineral rights because they have no value? The $500-5000 figure was…"
David Cain replied to paul cavaliere's discussion 'advice on mineral rights and selling a property'"Paul,
I am from Ohio and don't know much about PA, but I'll give you my perspective for what it's worth.
Land Value - $500/acre seems low to me. I have acreage in SE Ohio and I would be had pressed to find anything for that…"
"It’s a moving target. Would be great to get more info though.
Hagenkei@yahoo.com
Keith"
advice on mineral rights and selling a property
my uncle passed away and we are going to sell his farm in Bradford county Pa. he currently gets royalties from a neighboring well from repsol. question I have is what are the mineral rights worth, we had the farm appraised and ir came in lower then expected but I assume fair for the market (land and condition of the house etc). the appraiser said the mineral rights are not worth anything but during recent search's we've been told mineral rights can range from $500-$5000 and acer when selling…See More
"wayne,
how do I get the unit maps to show up, my computer says windows can not open a KMZ file, I downloaded google earth as they say that reads the kmz files but I still cannot open the maps. any idea what I can try or download to view…"
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- Introduce Yourself
- just following the progress of the drillin in and around my uncles farm in bradford co pa.
- What is your role?
- Other
- Which state(s) are you following?
- Pennsylvania
- What shale plays do you follow?
- Marcellus, Utica
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