My family has just under 30 acres of minerals in this area. There seems to be a lot of interest from others to purchase these minerals, any new zones being discovered in the area or has the new technology allowed for better recovery from the older zones?
Fracking has drastically increased productivity over the years, and is getting even better with time. And now that oil is slowly picking up, things are getting more active. If you decide to sell, make sure you get what it’s worth.
Excuse for jumping in.. how would a person get some idea what the going amount would be for selling minerals?
Thanks for your reply K,
Michael the answer to your question is the million dollar question, lots of factors, a 4/640 has a value of very little in dry hole sections to $5,550.00 per month based upon proven production and then the curve of production is based on historical data. Have been offered 80k as the 4/640 sits, undrilled to the new depths in the area. Have a great weekend.