I am new to the business and would like some advice on how to market newly released state oil & gas leases. I own the leases to 8 - 40 acre sections in SE Wyoming in two counties. The setup is 4 sets of 2 side by side 40 acre leases in different locations They are on the outskirts of two large oil & gas producing areas and could be ripe for exploration. The leases have no oil & gas history. I believe my selling point is location.
My question is how and where do I market these and perhaps most importantly what would be the going price on leases such as mine? Being new and an investor, not a developer, would flipping these be a better option to raise working capital to purchase better located leases. I understand that if I flip them I need to sell them below market. Question is...what is market?
Another option I have considered is to trade these for mineral rights claims outside of oil & gas.