# Inherited Mineral Rights

**URL:** https://www.mineralrightsforum.com/t/inherited-mineral-rights/7462
**Category:** General Mineral Rights Discussion
**Created:** [March 12, 2015, 4:06pm UTC](https://www.mineralrightsforum.com/t/inherited-mineral-rights/7462 "2015-03-12T16:06:07Z")
**Posts on this page:** 9
**Page:** 1

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### Author: ![paula\_seabolt](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/p/7993a0/32.png) [@paula\_seabolt](https://www.mineralrightsforum.com/u/paula_seabolt)
#### Post date: [March 12, 2015, 4:06pm UTC](https://www.mineralrightsforum.com/t/inherited-mineral-rights/7462/1 "2015-03-12T16:06:07Z")

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I inherited mineral rights in 2009. I understand if I sell them I will pay capital gains taxes on them. There was no value placed on these rights when my mother died. Does anyone have suggestions on finding out if there is any value that can be placed on them to lessen the tax due? They have been leased several years but no drilling on them.

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### Author: ![Kirk\_Bloomquist](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/kirk_bloomquist/32/2017_2.png) [@Kirk\_Bloomquist](https://www.mineralrightsforum.com/u/Kirk_Bloomquist)
#### Post date: [March 13, 2015, 5:15pm UTC](https://www.mineralrightsforum.com/t/inherited-mineral-rights/7462/2 "2015-03-13T17:15:51Z")

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Paula, If I understand your question, essentially the value is what someone is willing to pay for them. The hard part is understanding what they are worth when you go to sell them. If you give some information (NMA and where they are located) people on this forum can help you understand (ballpark) their value. Be careful because companies will try and low ball you in order to purchase. Also, if they have been and continue to be leased a company might drill and then they can be worth quite a bit.

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### Author: ![Ms\_Pat\_Malone](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/ms_pat_malone/32/4499_2.png) [@Ms\_Pat\_Malone](https://www.mineralrightsforum.com/u/Ms_Pat_Malone)
#### Post date: [March 13, 2015, 6:12pm UTC](https://www.mineralrightsforum.com/t/inherited-mineral-rights/7462/3 "2015-03-13T18:12:11Z")

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Keep 'em.

Good luck,

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### Author: ![paula\_seabolt](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/p/7993a0/32.png) [@paula\_seabolt](https://www.mineralrightsforum.com/u/paula_seabolt)
#### Post date: [March 13, 2015, 6:21pm UTC](https://www.mineralrightsforum.com/t/inherited-mineral-rights/7462/4 "2015-03-13T18:21:58Z")

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Thank you, Kirk and Pat!

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### Author: ![Robert\_P\_Malone](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/robert_p_malone/32/2089_2.png) [@Robert\_P\_Malone](https://www.mineralrightsforum.com/u/Robert_P_Malone)
#### Post date: [March 13, 2015, 6:22pm UTC](https://www.mineralrightsforum.com/t/inherited-mineral-rights/7462/5 "2015-03-13T18:22:06Z")

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I totally agree with Pat Malone. Keep 'em. Do not sell them.

IF … you are forced to sell them, then keep asking questions on this great website.

Make your luck,

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### Author: ![paula\_seabolt](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/p/7993a0/32.png) [@paula\_seabolt](https://www.mineralrightsforum.com/u/paula_seabolt)
#### Post date: [March 13, 2015, 6:22pm UTC](https://www.mineralrightsforum.com/t/inherited-mineral-rights/7462/6 "2015-03-13T18:22:51Z")

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Thank you, Robert!

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### Author: ![tim\_dowd](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/tim_dowd/32/23580_2.png) [@tim\_dowd](https://www.mineralrightsforum.com/u/tim_dowd)
#### Post date: [March 15, 2015, 7:22pm UTC](https://www.mineralrightsforum.com/t/inherited-mineral-rights/7462/7 "2015-03-15T19:22:09Z")

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As to value, if the minerals are in Oklahoma or other states where there are documentary stamps attached on a sale of minerals, you could find deeds in the same or nearby sections to determine the value of what minerals sold for in the section in 2009.

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### Author: ![paula\_seabolt](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/p/7993a0/32.png) [@paula\_seabolt](https://www.mineralrightsforum.com/u/paula_seabolt)
#### Post date: [March 15, 2015, 8:19pm UTC](https://www.mineralrightsforum.com/t/inherited-mineral-rights/7462/8 "2015-03-15T20:19:01Z")

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Thank you, Tim!

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### Author: ![system](https://www.mineralrightsforum.com/uploads/db5755/original/3X/6/c/6c7c56608c843272ad6e3662ce9562a5956f173e.png) [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [August 14, 2018, 11:50pm UTC](https://www.mineralrightsforum.com/t/inherited-mineral-rights/7462/9 "2018-08-14T23:50:30Z")

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