Carol, it would probably be worth something in the $15K to $25K range, to me, for a 50% interest in the mineral/gas rights, assuming that there are no liens on the property (i.e. mortgage, etc.).
Carol, the offer I would consider making (subject to mineral/title search) is about $200 per acre for a 50% interest of future royalties on 133 acres, for a total of $26,600. Sorry if you misunderstood.
Carol, sounds like you want to hold on to your rights, which is fine. Suggest you follow the advice of some of the other posts, and either sell off a small portion of your land, holding on to the larger acreage, or wait for some higher offers, perhaps after the companies begin posting production numbers. Good luck! P
paul d. clouser, esquire
Carol, it would probably be worth something in the $15K to $25K range, to me, for a 50% interest in the mineral/gas rights, assuming that there are no liens on the property (i.e. mortgage, etc.).
Dec 14, 2010
paul d. clouser, esquire
Carol, the offer I would consider making (subject to mineral/title search) is about $200 per acre for a 50% interest of future royalties on 133 acres, for a total of $26,600. Sorry if you misunderstood.
Dec 15, 2010
paul d. clouser, esquire
Carol, sounds like you want to hold on to your rights, which is fine. Suggest you follow the advice of some of the other posts, and either sell off a small portion of your land, holding on to the larger acreage, or wait for some higher offers, perhaps after the companies begin posting production numbers. Good luck! P
Dec 16, 2010