Donald, you sound as if you know your business when it comes to value of mineral rights. I have spoken to a few folks about how to get some mineral rights that I inherited in 2009 from my mother valued for tax purposes. I sold 25% of them this year and am trying to see if there is any way I can get them valued as of 2009 for tax purposes (capital gain). They have been leased at least two times and then an offer was turned down as late as 2007 to lease them, but no one has actually drilled on the property. I am so confused as to whether to just give up and report the entire amount as capital gain or try and get a break somehow. My mother’s estate (in Texas) was very minimal. The land is in Parker County and the land itself was sold many years ago, but our family kept the rights. If you can help me will you email me at patandpaula@sbcglobal.net or call 214-703-0406. Thank you.