My sister and I have learned that we have inherited 56 plus Acres of mineral rights in Midland County. I am looking for advise. My sister is looking at using Simon Energy to help us market out property. We have received several offers?
We have been told a few things and I am just looking for clarification. When is the best time to market mineral rights? One broker has told us that between Memorial Day and Labor day generally speaking, most companies are on vacation and we wouldn't get as much for our mineral rights as if we waited until after Labor Day Weekend.
Second thing I am wondering is taxes on sales from Mineral Rights sales. Is the current tax rate 30% or 15%? I have been told both by different parties.
Any advise, suggestions, or comments would be greatly appreciated. I just want to make sure that we are making the right choices. Below will be a list of the property descriptions.