Cara, there is a lot of difference in selling mineral rights vs real estate. The characteristics of both are different since mineral rights have the ability to eventually pay an amount for years to come whereas the sale of real estate is a one-time transaction. In answering your question, selling vs. keeping, I believe that Mr. Kennedy and Mr. Hutchinson have covered that in their responses. This decision of course depends a lot on what $ amount per acre is being offered. In most cases, the purchaser has done their homework thus knows the long term potential of the mineral purchase and guess who most likely will get the short end of the stick. The only sure positive factor for the seller of mineral rights is instant cash today. If I were considering selling mineral rights, I would do extensive research on what their value could be over a period of time and add some extra $$ onto that figure.
Cara Simmons said:
How do you balance selling versus keeping? Seems like there should be the right time to sell just like real estate?