My dad and my uncle have some mineral rights in weld county CO that they are wanting to sell. I was wandering if anyone could tell what I needed to do to ensure they got the best possible price.
Thanks
There are several things you should do. Checking activity in the area is a good place to start. If a rig is next door, you have a pretty good inidication what you have is valuable.
There are several rigs around and we have got an idea of what the rights are worth. I was wandering if there was a web site where mineral rights were bought, sold, or traded.
RT Dukes said:
There are several things you should do. Checking activity in the area is a good place to start. If a rig is next door, you have a pretty good inidication what you have is valuable.
Mr. Thomas,
Generally speaking, the majority of mineral rights, (both producing and non producing) clearly have a value, although sort of like politics, values are “local”. In other words, it’s the specifics that matter. Weld County is a “happening” place as of late.
Yes, there are various entities and people who purchase mineral rights. Some large, some small, some reputable, some not. Like most business transactions, you want to use common sense and do some homework on who your doing business with.
A good source of common sense reading on this is a website www.mineralweb.com It’s run by the Oil and Gas Mineral Service Company. Some specific articles you might be interested in are: http://www.mineralweb.com/owners-guide/unleased-mineral-owner/mineral-rights-value , http://www.mineralweb.com/owners-guide/oil-and-gas-basics-for-mineral-owners , and http://www.mineralweb.com/owners-guide/prefer-cash-payment/cash-payment-for-oil-and-gas-royalty
As I recall, this company also purchases of mineral rights.
There is a lot of interest in Weld County just now, with one major recent find and another probable, although the production information is being held confidential for a few more days for one find, and longer for another. How much you can sell or lease your mineral rights for depends on a number of factors, such as how many net mineral acres you have, how close they are to producing wells, how much those wells are producing, whether one or more producers are actively interested in buying and developing in that area, whether they are planning the same type of wells as the ones currently producing, who the producers or their leasing agents are, what the surrounding mineral owners have received or are asking, and so forth.
I’m not aware of a website that serves as a market exchange for mineral rights (let us know if you find one), although there are a number of intermediaries who purchase interests --some for their own development, participation or farmout, some for the purpose of reselling them.
However, to my knowledge, the most common method of selling or leasing mineral rights remains the old-fashioned way of working with the producer, operator or their agent(s) through the landmen who represent them. It usually helps to work with someone on your own side who is familiar with how the process works.
I’m currently working with an owner of mineral intersts in Weld County who lives out of state on just that issue.
The “value” of mineral rights is what someone is willing to pay for them. There is a lot of guess work involved, especially for non-producing minerals. Because if there is no revenue stream serving as a “track record,” there is even more uncertainty. Work with someone you enjoy working with and whom you feel has a lot of experience and whom you feel you can trust. Since you think you have a good feel for what they are worth, give a visit to http://www.myoilpro.com for other considerations. Good luck!
What section, township and range are they in? I take it there is no production so are they leased? From what you said I take it you have a price your looking for, I have been buying in Weld and other Colorado counties and would be interested. Please let me know. Tim Metz email address: tm59707@classicnet.net telephone # 580-227-2456
Richard,
I am a local investor and would also be interested in looking at the rights you have available.
Below is my contact information if you are interested.
Thanks
Benjamin D.
I am interested in your mineral rights. Please contact me. But, a few suggestions; 1. Talk with an oil+gas attorney, 2. Or a Landman, websites that list oil+gas minerals for sale can be found on the internet by googling - mineral rights for sale. I am located right here in North Denver.
Bert
In order to get the best possible price, you either need to have excellent knowledge of the area (i.e. on a professional level) so you can back up what you think they're worth, or you need to put them in front of more than just one or two buyers, and let "the market" determine the best price.
My suggestion would be to post them for sale on The Mineral Hub at http://www.mineralhub.com in order to get them exposed to potentially hundreds of buyers at once. I operate the Mineral Hub as a service to mineral rights owners, and though I am not often a buyer myself I do know many reputable oil and gas mineral rights buyers.
A listing on The Mineral Hub gives you the opportunity to receive multiple offers for your mineral rights, and I also objectively evaluate all offers that come in to help ensure they are fair, and are from legitimate sources; something most sites don't, or can't offer. Listing on the Mineral Hub is free, and of course you don't have to sell if you don't receive an offer you like.
Hope this helps you out.
Frederick M. Scott CMM RPL
Timbercreek Mineral Company, LLC
http://www.mineralhub.com
I own mineral rights in Elbert County CO . Seismic crews have been exploring lately and I believe the testing has promising results. I’m thinking about selling my mineral rights. I would like to have some idea what they would be worth. Any idea?
I represent a group who is currently buying minerals in Colorado. Primarily in Weld, Lincoln, Washington and Elbert Counties.
Jeremy
jjgautreaux@yahoo.com
337-349-5904
Suanne Olson said:
I own mineral rights in Elbert County CO . Seismic crews have been exploring lately and I believe the testing has promising results. I'm thinking about selling my mineral rights. I would like to have some idea what they would be worth. Any idea?
If you disagree with me that is fine but I am of the opinion that the future (next 20 to 30 years) of energy prices is nothing short of dismal. Alternative energy is the thing of the future. Time will tell. Now if energy prices begin to soar after Iran drops the bomb, as some have alleged, call me out and I will admit I WAS WRONG.
With that said I have placed all my mineral rights in the North Central Texas Barnett Shale oil field for sale. This includes "4" producing gas wells operated by XTO in Tarrant County and "1" operating well by Devon in Parker County. This entire package also includes 300+- acres that are not leased and ready as we speak for drilling and exploration. Many geologists believe that vast oil reserves lay under the prolific Barnett Shale resulting in the potential for multiple pay zones. Over 500 surface acres are involved.
This internationally marketed sale is being handled by:
Jim Forrestt
682 227-5254
Contact Jim for all inquiries and specifics.
If you feel that you must talk to the owner (me) please contact me as follows:
Bill Boyd
Cell 817-939-4406
Home 817 431-9300