# How to determine "fair market value" of mineral rights
**URL:** https://www.mineralrightsforum.com/t/how-to-determine-fair-market-value-of-mineral-rights/36640
**Category:** Oil and Gas Leasing Help
**Created:** [November 9, 2018, 1:17am UTC](https://www.mineralrightsforum.com/t/how-to-determine-fair-market-value-of-mineral-rights/36640 "2018-11-09T01:17:44Z")
**Posts on this page:** 6
**Page:** 1
### Author:  [@CJ\_Robinson](https://www.mineralrightsforum.com/u/CJ_Robinson)
#### Post date: [November 9, 2018, 1:17am UTC](https://www.mineralrightsforum.com/t/how-to-determine-fair-market-value-of-mineral-rights/36640/1 "2018-11-09T01:17:44Z")
How do you determine the fair market value for selling mineral rights? I may have to declare personal bankruptcy and I have to list my mineral rights fair market value price, but I don’t know how to determine that. I’m not currently in a lease nor am I receiving any income from them at this time. E. Van Sickle Survey 885 between Hwy 19 & FM Rd 859 between Canton & Edgewood, Texas. Van Zandt County.
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### Author:  [@K11](https://www.mineralrightsforum.com/u/K11)
#### Post date: [November 9, 2018, 2:26pm UTC](https://www.mineralrightsforum.com/t/how-to-determine-fair-market-value-of-mineral-rights/36640/2 "2018-11-09T14:26:56Z")
If they aren’t leased and aren’t producing, chances are they won’t be valued at too much currently. Which is good because I believe you could use your “wild card” to keep them. Bankruptcy allows a wildcard where you get to keep so much up to a certain amount of money depending on your state.
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### Author:  [@CJ\_Robinson](https://www.mineralrightsforum.com/u/CJ_Robinson)
#### Post date: [November 9, 2018, 11:48pm UTC](https://www.mineralrightsforum.com/t/how-to-determine-fair-market-value-of-mineral-rights/36640/3 "2018-11-09T23:48:01Z")
Thank you! Kinda what I figured, in this case HOPED. Bankruptcy lawyer has put it on me to research & figure out to prove a number.
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### Author:  [@Cole](https://www.mineralrightsforum.com/u/Cole)
#### Post date: [November 10, 2018, 8:18pm UTC](https://www.mineralrightsforum.com/t/how-to-determine-fair-market-value-of-mineral-rights/36640/4 "2018-11-10T20:18:41Z")
How many acres do you own? If it’s not many and they aren’t leased, and don’t have offers, I think a few hundred bucks an acre would be pushing it when it comes to value. But I could be wrong. Have you ever leased it within last 5 years? If so, value it at 3x that amount. They say a good rule of thumb is that they are worth 3x the going lease rate.
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### Author:  [@CJ\_Robinson](https://www.mineralrightsforum.com/u/CJ_Robinson)
#### Post date: [April 24, 2019, 2:58pm UTC](https://www.mineralrightsforum.com/t/how-to-determine-fair-market-value-of-mineral-rights/36640/5 "2019-04-24T14:58:07Z")
Hi Cole,
I ended up NOT declaring bankruptcy 😀 So NOW I’m trying to find out about how much per acre Van Zandt County leases are going for??? Any help is appreciated!
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### Author:  [@MRFAdmin\_SV](https://www.mineralrightsforum.com/u/MRFAdmin_SV)
#### Post date: [January 11, 2025, 7:26pm UTC](https://www.mineralrightsforum.com/t/how-to-determine-fair-market-value-of-mineral-rights/36640/6 "2025-01-11T19:26:47Z")