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 them?
so we are really at a cross roads weather to include the mineral rights in the sale (at market value) or sell the farm using the lowest number $500/acre and make something for the rights or just keep them. And if we keep them in the family would we need to do a trust and how does that impact the land and the next owner?
anyone evr delt with this?
Paul
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