I too am in the ‘never sell your minerals’. I am attempting to learn all about mineral rights, pricing, etc.
We also own mineral rights in Creek County, Oklahoma. I have JUST started the overall research. I’ve learned a lot in the past year. My family owns mineral rights in Lea County, New Mexico.
My over arching question has been, “What possessed my Great Grand Father to get on a horse, or board a train and go from Tulsa, Oklahoma to Hobbs, New Mexico and buy all the land?”
Eventually he sold the land, BUT kept the minerals. Three generations later, it MAY pay off. It may not. But our family will NEVER sell the mineral rights as long as I’m alive (I’m currently the family personal representative for all things to do with our mineral rights).
And my parents garnered a few thousand dollars for a three year lease on 40 acres back in 2008, nothing much happened. But we still own those mineral rights and you just never know. Until horizontal drilling we perfected, there was not much interest in a lot of these areas. Once they did perfect it, interest spiked.
The one thing I found out about Creek County is the wells they drill are much shallower than those in New Mexico or North Dakota. That means it costs a lot less to drill them. Yes, they are getting a bit less oil out of the ground, but as the production costs were 2/3’s less, everybody makes money.