# Oil & Gas lease agreements
**URL:** https://www.mineralrightsforum.com/t/oil-gas-lease-agreements/25315
**Category:** General Mineral Rights Discussion
**Created:** [April 18, 2018, 4:52pm UTC](https://www.mineralrightsforum.com/t/oil-gas-lease-agreements/25315 "2018-04-18T16:52:42Z")
**Posts on this page:** 14
**Page:** 1
### Author:  [@William\_C\_Noon](https://www.mineralrightsforum.com/u/William_C_Noon)
#### Post date: [April 18, 2018, 4:52pm UTC](https://www.mineralrightsforum.com/t/oil-gas-lease-agreements/25315/1 "2018-04-18T16:52:42Z")
I just inherited 1/2 interest in an oil/gas minerals lease agreement. I have no idea or experience in how to handle this type of asset. I have been approached by someone who wishes to purchase my interest. I have no clue as to its value. Is there a way to determine if the offer is a fair offer?
Thank you.
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### Author:  [@Nancy\_Mosley](https://www.mineralrightsforum.com/u/Nancy_Mosley)
#### Post date: [April 18, 2018, 5:25pm UTC](https://www.mineralrightsforum.com/t/oil-gas-lease-agreements/25315/2 "2018-04-18T17:25:05Z")
What state?
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### Author:  [@William\_C\_Noon](https://www.mineralrightsforum.com/u/William_C_Noon)
#### Post date: [April 18, 2018, 5:30pm UTC](https://www.mineralrightsforum.com/t/oil-gas-lease-agreements/25315/3 "2018-04-18T17:30:10Z")
Hello. Harrison County, West Virginia. Thank you.
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### Author:  [@WV\_Mineral\_Owner](https://www.mineralrightsforum.com/u/WV_Mineral_Owner)
#### Post date: [April 18, 2018, 5:34pm UTC](https://www.mineralrightsforum.com/t/oil-gas-lease-agreements/25315/4 "2018-04-18T17:34:23Z")
Bill,
There is value to be had by you! Do you know what District the parcel(s) are in and what the acreage is?
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### Author:  [@William\_C\_Noon](https://www.mineralrightsforum.com/u/William_C_Noon)
#### Post date: [April 18, 2018, 5:49pm UTC](https://www.mineralrightsforum.com/t/oil-gas-lease-agreements/25315/5 "2018-04-18T17:49:03Z")
Hello. Having a heck of a time navigating this system. Apologize, but I got somehow lost and had to reset password. Anyway, if I understand correctly, the "MAP/PARCEL is 9999 0665 5666 0000. I don’t see a “district” mentioned on the tax statement. It’s half interest in 35 acres.
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### Author:  [@WV\_Mineral\_Owner](https://www.mineralrightsforum.com/u/WV_Mineral_Owner)
#### Post date: [April 18, 2018, 5:58pm UTC](https://www.mineralrightsforum.com/t/oil-gas-lease-agreements/25315/6 "2018-04-18T17:58:37Z")
William,
On the tax statement there should be a District name or two numbers that precede the 9999.
That stated, without a District name you should be able to receive $43,750.00, but that is only a rough estimate.
I have sent a private friend request, hopefully I can be of greater assistance to you.
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### Author:  [@William\_C\_Noon](https://www.mineralrightsforum.com/u/William_C_Noon)
#### Post date: [April 18, 2018, 6:30pm UTC](https://www.mineralrightsforum.com/t/oil-gas-lease-agreements/25315/7 "2018-04-18T18:30:02Z")
Hello. Hey, thank you so much. As to anything preceding the 9999, there is nothing. Under the section of the “district” on the statement is 07 - coal-outside. Perhaps the 07 indicates what the district is. Other than; further over it lists, “Property Type”
Real… I have called the company, Enervest and the woman had no idea as to what I meant by “district.”
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### Author:  [@WV\_Mineral\_Owner](https://www.mineralrightsforum.com/u/WV_Mineral_Owner)
#### Post date: [April 18, 2018, 6:32pm UTC](https://www.mineralrightsforum.com/t/oil-gas-lease-agreements/25315/8 "2018-04-18T18:32:53Z")
It is odd that your interest is listed as Personal. You may not own the parcel, but have an interest in the lease.
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### Author:  [@William\_C\_Noon](https://www.mineralrightsforum.com/u/William_C_Noon)
#### Post date: [April 18, 2018, 6:40pm UTC](https://www.mineralrightsforum.com/t/oil-gas-lease-agreements/25315/9 "2018-04-18T18:40:21Z")
Hi. I don’t have any documentation on the lease and have never seen it. I am told it’s for mineral rights to oil and gas, am guessing coal as that is listed as well on the Harrison County Tax statement. I have also been told I have no surface rights. I believe that means I don’t own the land. I have no idea how it is I own / lease the mineral rights without some ownership of land. But perhaps that’s perfectly normal. I was told the 9999 means minerals only. I have seen nothing that states “Personal” and don’t know what it indicates.
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### Author:  [@Nancy\_Mosley](https://www.mineralrightsforum.com/u/Nancy_Mosley)
#### Post date: [April 19, 2018, 2:33am UTC](https://www.mineralrightsforum.com/t/oil-gas-lease-agreements/25315/10 "2018-04-19T02:33:48Z")
I just found this website for searching documents. I haven’t tried using it yet but have used similar ones for other counties. [Harrison County records](http://countyclerk.harrisoncountywv.com/)
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### Author:  [@Nancy\_Mosley](https://www.mineralrightsforum.com/u/Nancy_Mosley)
#### Post date: [April 19, 2018, 2:38am UTC](https://www.mineralrightsforum.com/t/oil-gas-lease-agreements/25315/11 "2018-04-19T02:38:04Z")
Coal Outside is the area of the district named Coal outside of the town of Clarksburg, I believe.
Here is a link to [maps](http://www.wvgenweb.org/harrison/maps.html)
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### Author:  [@WV\_Mineral\_Owner](https://www.mineralrightsforum.com/u/WV_Mineral_Owner)
#### Post date: [April 19, 2018, 3:00am UTC](https://www.mineralrightsforum.com/t/oil-gas-lease-agreements/25315/12 "2018-04-19T03:00:40Z")
Great catch Nancy!!!
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### Author:  [@Robert\_P\_Malone](https://www.mineralrightsforum.com/u/Robert_P_Malone)
#### Post date: [April 19, 2018, 6:17pm UTC](https://www.mineralrightsforum.com/t/oil-gas-lease-agreements/25315/13 "2018-04-19T18:17:13Z")
The rule is you are never supposed to sell. However, you know your situation better than anyone.
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### Author:  [@MRFAdmin\_SV](https://www.mineralrightsforum.com/u/MRFAdmin_SV)
#### Post date: [January 11, 2025, 7:20pm UTC](https://www.mineralrightsforum.com/t/oil-gas-lease-agreements/25315/14 "2025-01-11T19:20:43Z")