I need assistance understanding how the value of mineral rights are calculated by prospective buyer of my MR'S. We are receiving numerous offers to purchase our mineral rights at $21,500 pnma. I am not considering selling but am interested in knowledge to negotiate with companies and their offer. I always believe the first offer is the lowest and companies try to pressure you into quick decisions. We have two leases, one shallow, producing and a deep lease just signed in August, 2 different companies.
We are in the Delaware formation which is the hot area, close to the Pecos River, Ward County TX.
I have run my numbers based on offers, potential long range production, estimations of monthly royalty revenue which declines over 20-40 years, etc. 120 years of family ownership.
Any knowledge will be greatly appreciated.