80 acres mineral rights sold in industry

I just saw on Beaver county recorder of deeds site 80 acres in the berovich unit was sold. Only 226,000 ? Not leased sold seems awful cheap to me - Less than 3000 an acre already in a unit . It was not the property just oil and gas 

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Permalink Reply by Dexter Green on August 13, 2014 at 6:09am

Mineral rights are worth what you're willing to be paid for them and what someone else is willing to pay.  I don't know how much drilling is happening in Beaver right now but that $226,000 could easily be grown to double that amount over the next 20 years (the presumed life of the well).  So maybe it was a risk-off sort of thing.

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