New to this world. I am being offered the following:
Our offer is $800 per net mineral acre at a 3/16ths royalty rate ($5,971.12) for 7.4639 net mineral acres
Is this good, bad, average? Any advice is appreciated.
Thanks,
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Depends- what is your abstract name and number?
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Thanks for your reply.
BBB & CRR Survey A-137
W S Wallace Survey A-929
Jacob Burleson Survey A-53
G W Lummus Survey A-523
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It depends on where the acreage is located within the county. Some areas are getting more than $12,000 per acre. The vast majority of unsolicited offers you receive via cold calls, texts, or mail are no good.
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