I have had an acquisition company in Abilene call wanting to buy my lease. I don't want to sell but they said they said they would buy half and let me keep the other half. For the half they would buy they offered a pretty nice price. Given the price of oil and the prospect for the price going up before 2015, I am tempted to sell. Anybody out there experience in this sort of thing?
Thanks for any feedback,'
GKirk
Glen:
There are numerous postings on this forum regarding the topic of selling mineral interests vs. holding your mineral assets. Since 2004, I have received numerous letters from acquisition companies wanting to purchase my minerals just as others have and in each case, decisions must be made as to what is best for you. Of course, one of the first questions to answer is whether you actually need the money in your case or would you profit by holding your minerals and possibly lease in the future thus allowing you to reap the benefits of possible future royalties from these assets. Another question to ponder is where your minerals are located and the nearest proven production. In my case as well as others, I have leased my minerals and have been drilled on over the past years thus profiting from bonuses and royalties. Again, each individuals case must be taken into consideration but if you do intend to sell, make sure you take into consideration what these mineral assets might be worth if and when a well is drilled. Finally, do some serious consideration in regards to your final decision.
Thank you for your excellent advice.
GKirk