Hello, my first time posting on this forum.
About a month ago, I was informed that I and my cousins had inherited some mineral rights in Tyler county WV. It is on 3 separate parcels, comprising 28, 74, and 56 acres.
Since then, I’ve been given a packet of forms by a Lands man out of West Virginia. These are offers of 100 dollars per parcel (300 dollars total) plus possible future royalties.
My question is, is this a standard offer. How do I go about finding out how much these claims might be worth. I don’t know anything about the process, but 300 dollars seems like nothing, in order to get access to drilling on 150+ acres. Can anyone point me in the right direction on this, I don’t want to accept an offer without more information. Thank you