# Martin County minerals value
**URL:** https://www.mineralrightsforum.com/t/martin-county-minerals-value/65575
**Category:** Martin County, TX
**Created:** [March 23, 2022, 3:50am UTC](https://www.mineralrightsforum.com/t/martin-county-minerals-value/65575 "2022-03-23T03:50:46Z")
**Posts on this page:** 8
**Page:** 1
### Author:  [@John\_Cram](https://www.mineralrightsforum.com/u/John_Cram)
#### Post date: [March 23, 2022, 3:50am UTC](https://www.mineralrightsforum.com/t/martin-county-minerals-value/65575/1 "2022-03-23T03:50:46Z")
I signed DO with XTO 1st Nov 2021 two wells, LOHAN 9-1 and 9-2 in Section 9 Township 2 North Block 35 and have not received any money yet. Have small interest 1-2 NMA. Now have offer to buy my interest. The company says the lease has recently been permitted for horizontal oil and gas well. What are minerals selling for in this area?
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### Author:  [@NMoilboy](https://www.mineralrightsforum.com/u/NMoilboy)
#### Post date: [March 23, 2022, 2:42pm UTC](https://www.mineralrightsforum.com/t/martin-county-minerals-value/65575/2 "2022-03-23T14:42:20Z")
See other answer. Depends a lot on the status of the acreage.
For BLANK acreage in this area (totally undeveloped white space): $15k-20k per NRA.
For acreage with Permits or DUCs (wells drilled and waiting to be completed): $25k-35k+ per NRA. Depends on how many wells. If it’s 13+ wells per half mile wide unit, it’s up at the high end. If it’s 8-10 wells per half mile wide unit, it’s near the low end.
Yours has a new well and is likely going to get permits. Oh hey, look, XTO already applied for permits, oops I didn’t check prior. So yours is probably around $25k/NRA.
NRA not NMA. Hopefully you can convert back and forth (it’s easy).
I like math. I have a lot of time on my hands. I don’t know anything for certain.
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### Author:  [@John\_Cram](https://www.mineralrightsforum.com/u/John_Cram)
#### Post date: [March 23, 2022, 4:06pm UTC](https://www.mineralrightsforum.com/t/martin-county-minerals-value/65575/3 "2022-03-23T16:06:50Z")
Thanks for the help. I take it the NRA is your % on the DO you signed.
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### Author:  [@NMoilboy](https://www.mineralrightsforum.com/u/NMoilboy)
#### Post date: [March 23, 2022, 7:00pm UTC](https://www.mineralrightsforum.com/t/martin-county-minerals-value/65575/4 "2022-03-23T19:00:36Z")
My other post on your other thread didn’t go through. Had a map and some more detail.
Your NRA is your NMA times the ratio of the royalty rate divided by 1/8th. That sounds complicated but it’s not.
i.e. it’s a measure of how many 1/8th royalty acres (12.5% roy) worth of revenue you have.
So if you are leased at 25%, you have 2 NRA per NMA (25/12.5). Leased at 20%, you have 20/12.5 = 1.6 NRA per NMA.
So if you are leased at 25% and some random schlub tells you it’s worth $25k/NRA, they mean it’s worth $50k/NMA.
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### Author:  [@Todd\_Engel](https://www.mineralrightsforum.com/u/Todd_Engel)
#### Post date: [March 27, 2022, 11:20pm UTC](https://www.mineralrightsforum.com/t/martin-county-minerals-value/65575/5 "2022-03-27T23:20:58Z")
So at most you would get $100K. Assuming no cost basis you’d net between $85,000 and $76,200. Those wells will produce an amount that is likely double the $100K at say $75 per BBL oil.
If $75K to $85K today can change your life or the life of a loved one in a dramatic and positive way, take the dough.
If the cash is going to sit in the bank, or be used to buy something like a car or truck you don’t need (a fifth wheel would be different for instance if that meant you could travel everywhere and experience life in a more expanded way… you get the drift).
But if money isn’t gonna be used “correctly,” then let it ride and soon you’ll be getting $4K to $5K a month for several years and you can then use that money to dollar cost average into another investable asset.
My $.02.
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### Author:  [@John\_Cram](https://www.mineralrightsforum.com/u/John_Cram)
#### Post date: [March 28, 2022, 4:04pm UTC](https://www.mineralrightsforum.com/t/martin-county-minerals-value/65575/6 "2022-03-28T16:04:57Z")
Thanks for your help and insight. Will keep minerals and pass to heirs.
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### Author:  [@Todd\_Engel](https://www.mineralrightsforum.com/u/Todd_Engel)
#### Post date: [March 28, 2022, 4:21pm UTC](https://www.mineralrightsforum.com/t/martin-county-minerals-value/65575/7 "2022-03-28T16:21:58Z")
Glad to help. Been doing it for 34 years and now happy to offer up insights for free. I tell you if heirs are your time horizon, nothing better than to jump in and set up a Vanguard account and having oil checks go straight to a few growth and value mutual funds that will go to heirs. Assuming no taxable estate, otherwise gift now and structure so you can ensure royalties are invested and not spent. A good CPA can show you the best vehicle to do that. But LLC or Trusts is the direction. But ONLY if facing taxable estate. Otherwise keep in your estate.
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [June 21, 2022, 3:51am UTC](https://www.mineralrightsforum.com/t/martin-county-minerals-value/65575/8 "2022-06-21T03:51:21Z")
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