I own 1/2 interest in 40 acres of Oil Gas & Minerals in Mesa, CO. We have never received any payments from any mineral findings, but I did recently get an offer to buy for $56,000 from a Land Holdings company. I have no idea of how to determine the value of this and how to find out if anyone is thinking of drilling, etc. Any advice would be much appreciated.
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As user Martha said in a different post, I’d try Pecan Tree Tracy Lenz. I wouldn’t sell any rights until you fully understand what the royalty payments could be. That said, one of my best friends works in Oil and gas and told me never to sell any rights.
You can sell the mineral rights for oil and gas and retain other minerals like lithium and coal
If you want to share the section, township and range, we can give you an idea of the activity in the area. Usually, buyers offer less than what they expect to make off the property. Today’s value is likely to be less than the future value if horizontal drilling is pending.
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