Coal lease or purchase

[Will304]

I own a 15-acre farm and was approached 2 weeks ago by a coal land company to purchase the right to mine the coal or lease the right to mine.

I don’t own the coal rights. I own oil and gas rights on it. I thought that once they owned the coal rights they don’t need to purchase or lease the permission from me to mine the coal.

I meet with the guy tomorrow and was wondering if anyone knew what a going rate per acre in north central West Virginia was worth?

Thanks in advance.

[Will304]

Ok update: they offered 21k upfront to sell the subsidence rights to go mine coal or 125k for the royalty lease if I wait 15 years for them to make it there to mine.

I don’t want to deal with all the shady stuff on waiting to go with the royalty and never know if they run into bad top and can’t make it there.

Any suggestions on if they would be open to counter offers and what should I counter with.