# Newbie from Kentucky
**URL:** https://www.mineralrightsforum.com/t/newbie-from-kentucky/8019
**Category:** Weld County, CO
**Created:** [December 26, 2014, 7:00pm UTC](https://www.mineralrightsforum.com/t/newbie-from-kentucky/8019 "2014-12-26T19:00:15Z")
**Posts on this page:** 12
**Page:** 1
### Author:  [@Gary\_Wright](https://www.mineralrightsforum.com/u/Gary_Wright)
#### Post date: [December 26, 2014, 7:00pm UTC](https://www.mineralrightsforum.com/t/newbie-from-kentucky/8019/1 "2014-12-26T19:00:15Z")
Hello!
I’m new to the forum and not really sure where to start. I have inherited mineral rights only on 160 acres in Township 2N, Range 63W, Section 20 and have recently been getting calls asking if I’d like to sell a portion (half). The company is Family Tree and they are offering $84,000 ($150/net acre). I live in Kentucky so I don’t have a clue when it comes to this stuff. Can anyone give me some friendly advice or suggestions on where/how to start my research?
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### Author:  [@Tom\_Tolle](https://www.mineralrightsforum.com/u/Tom_Tolle)
#### Post date: [December 26, 2014, 7:02pm UTC](https://www.mineralrightsforum.com/t/newbie-from-kentucky/8019/2 "2014-12-26T19:02:27Z")
I wouldn’t sell them. You could get close to that amount on just a 5-year lease.
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### Author:  [@Gary\_Wright](https://www.mineralrightsforum.com/u/Gary_Wright)
#### Post date: [December 26, 2014, 7:05pm UTC](https://www.mineralrightsforum.com/t/newbie-from-kentucky/8019/3 "2014-12-26T19:05:14Z")
Thanks, Tom. The company was Aegis who initially made contact. And I’m guessing they are a broker? How do I find out if anything is happening in my area?
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### Author:  [@Tom\_Tolle](https://www.mineralrightsforum.com/u/Tom_Tolle)
#### Post date: [December 26, 2014, 7:12pm UTC](https://www.mineralrightsforum.com/t/newbie-from-kentucky/8019/4 "2014-12-26T19:12:54Z")
What is the nearest town in that area?
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### Author:  [@Gary\_Wright](https://www.mineralrightsforum.com/u/Gary_Wright)
#### Post date: [December 26, 2014, 7:19pm UTC](https://www.mineralrightsforum.com/t/newbie-from-kentucky/8019/5 "2014-12-26T19:19:03Z")
I live in Kentucky, but I believe they told me that it’s closest to Greeley?
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### Author:  [@Tom\_Tolle](https://www.mineralrightsforum.com/u/Tom_Tolle)
#### Post date: [December 26, 2014, 7:24pm UTC](https://www.mineralrightsforum.com/t/newbie-from-kentucky/8019/6 "2014-12-26T19:24:01Z")
Yes, if it is close to Greeley there is activity. I think that they are trying to take advantage of you a little. If it is close to Greeley you can probably ask for $500 to $1500 per acre for a five-year lease and then still get paid royalties if they drill. If they don’t and the lease expires in five years you can lease it again. If you want to sell them so you don’t have the headache just let me know.
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### Author:  [@Derek\_O\_Donnell](https://www.mineralrightsforum.com/u/Derek_O_Donnell)
#### Post date: [December 26, 2014, 9:48pm UTC](https://www.mineralrightsforum.com/t/newbie-from-kentucky/8019/7 "2014-12-26T21:48:26Z")
Is there an existing lease on the property? Are you receiving monthly royalty checks?
Derek
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### Author:  [@Gary\_L\_Hutchinson](https://www.mineralrightsforum.com/u/Gary_L_Hutchinson)
#### Post date: [December 26, 2014, 10:44pm UTC](https://www.mineralrightsforum.com/t/newbie-from-kentucky/8019/8 "2014-12-26T22:44:09Z")
Gary,
Your section’s value is there but in the future. If your inherited minerals are not leased, find out how the business works in Weld County and plan accordingly. Leases alone will go for 10 to 15 times what you have been offered if exposed to the companies who will know the true future value. A sale now could cost your family millions in the future. If you truly control 160 acres, your options are many and income huge if you are patient and educate yourself.
Remember that a fair market trade is between an informed buyer and informed seller or lessor.
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### Author:  [@Jeremy\_J\_Gautreaux](https://www.mineralrightsforum.com/u/Jeremy_J_Gautreaux)
#### Post date: [March 24, 2015, 4:07pm UTC](https://www.mineralrightsforum.com/t/newbie-from-kentucky/8019/9 "2015-03-24T16:07:24Z")
Gary,
I am with a large mineral acquisition company based out of Fort Worth, Texas. I am based in Denver, Colorado and have been working Weld County for about five years now. We have been purchasing minerals in Weld for the last year or so. Due to the rules of this forum, I can’t give you any personal information but we can friend each other and I would be happy to discuss in more detail. Please accept my friend request and I would be happy to speak to you and answer any questions you may have.
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### Author:  [@Mineral\_Steve](https://www.mineralrightsforum.com/u/Mineral_Steve)
#### Post date: [April 1, 2015, 7:05pm UTC](https://www.mineralrightsforum.com/t/newbie-from-kentucky/8019/10 "2015-04-01T19:05:19Z")
Not that it matters much but I believe a zero was misplaced in the original post. If the total offer is 84,000 the price per acre would be a lot different than 150/acre. Do you mean 1,050.00 per acre?
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### Author:  [@Daniel\_Brown](https://www.mineralrightsforum.com/u/Daniel_Brown)
#### Post date: [April 20, 2015, 8:11pm UTC](https://www.mineralrightsforum.com/t/newbie-from-kentucky/8019/11 "2015-04-20T20:11:02Z")
Hi Gary,
My company purchases producing and non-producing assets in Weld County. If you would like to speak regarding your interest please let me know. Best.
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [August 14, 2018, 11:59pm UTC](https://www.mineralrightsforum.com/t/newbie-from-kentucky/8019/12 "2018-08-14T23:59:07Z")