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Permalink Reply by Sticky Fingers on April 10, 2013 at 3:53pm

Faith, you could definitely work to lease your interest in the parcel without the other parties because you own an undivided interest. Unfortunately, there are very few operators who will pay on the lease you sign right now because its a little over an acre of net mineral interest in a parcel. Because of the large amount of acreage it takes to drill a well an acre is virtually useless.Their might be a chance to sign a lease after a test well is drilled nearby and produces good numbers. But, right now if your looking for quick cash your best opportunity would be selling it in fee. Because the chances are that there would be no sizable royalty check coming from an acre of mineral interest anytime in the near future and the chances are slim that anyone would pay on a lease signed for that amount of acreage. Every situation is definitly different but that is just IMO

As far as the kind of money you are talking. My opinion would be you could expect 3-5K for your acreage but I could be wrong. Minerals are valuable in your area the only problem is you need over 1,000 acres for some of the units they are creating here.

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Permalink Reply by Faith Johnson on April 11, 2013 at 11:26am

Thanks Sticky, very informative and the Antrim well is not too far from our property not too sure what its doing havent been on here in a while.What does selling it in fee mean? And Jeffery i did some homework after Carizzo sent the offer and thats why i threw it away LOL  We were part of the original coalition that signed a nice lease with Shell but alot of people never got paid.

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