Reading this forum has been very helpful.
I was recently made aware of some mineral rights that I inherited. The rights are in Township 5 South, Range 63 West and Township 5 South, Range 64 West. Both in Arapahoe county, Colorado.
Someone working with GFL has contacted me to offer a lease. The offer is $25 an acre, 12.5% royalty for 5 years. As I understand it, the $25 and acre is a one time payment for the entire lease (not a monthly payment).
The lot is 1920 acres in size.
I've read the discussion of Jake and some of the high values in Weld County. I've also read about teh WY auction that fetched some good prices. What I don't know is if Arapahoe county is far enough from Jake et al that it isn't worth as much.
I also learned that I have a small share (5.5%) of a larger "land trust". I'm not sure if that handcuffs me in regard to negotiating a different lease agreement than the others in the land trust.
Any comments as to my offer and situation would be appreciated.
thanks in advance