Greene Co rights

My wife and brother-in-law are heirs to just over 11 acres of mineral rights in Greene County, PA. We have received several offers to purchase the rights. The offers have gone from 4.5K per net acre and are now hitting 9K.

I’m curious to know what sale price is reasonable. I’m also looking for convincing data to lease rather than sell.

Dave- Depending on where your 11 acres are located-leased, producing, held by an old well, unitized. Since you received an offer of 9K, your acreage must be soon to be developed, or have stacked potential. In the end, you will get more money if you hold your interests than sell them. Try to lease the Marcellus and Utica separately.

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