Reagan County Valuation


#1

strong textHave received an offer for Mineral Rights in Reagan County from a landman that may be valued fairly. How do I determine the exact value, and what would determine whether or not we can lease productively rather than sell? In all fairness he did the homework so I am happy to sell it or lease it to him but want to make sure I’m getting a fair price. Thanks for any help! Info below.

Tract One: 162.25 acres, SE/4 Section of 196, Block 1, Abstract 887, T&P Railway Company Survey (Cause #1908 District Court Records of Reagan County, TX)

Tract Two: 160.00 acres, NW/4 of Section 178, Block 1, Abstract 894, T&P Railway Company Survey (Cause #1909 District Court Records of Reagan County, TX)

Tract Three: 160.00 acres, SW/4 of Section 68, Block 1, I & GNRR Survey A-733, Pecos County, TX

Tract One - Section 196 - Original owner purchases 3/8ths interest, He sells 85/576ths interest in 5 transactions, retaining 131/576ths interest or 36.90 Mineral Acres - the 6 Nieces and Nephew sell 1/2 of their interest in 1985 or 18.45 acres and retain 18.45 acres, [1/6th] is owned by Heir or 3.075 acres, she passes in 2005, 2 siblings now own [1/4th] or 0.76875 Acres

Tract Two - Section 178 - Original Owner purchases 3/8ths interest. He sells 112/576ths interest in 3 transactions, retaining 104/576ths interest or 28.88 Mineral Acres - the 6 nieces and nephew sell 1/2 in 1985 or 14.44 acres and retain 14.44 acres. [1/6th] is owned by Heir or 2.406 acres, she passes in 2005, 2 siblings now own [1/4th] or 0.6016 Acres

This property below is actually located in Pecos County.

Tract Three - Section 68 - Original owner purchases 3/8ths Interest. He sells 157/576ths interest in 6 transactions, retaining 59/576ths Interest or 16.38 Acres. The deeds that conveyed 1/2 in 1985 are not recorded in Pecos County as far as our search indicates, so the maximum of the [1/6th] owned by Heir is 2.73 acres, 2 siblings own [1/4th] or 0.6825. If those deeds get recorded in reduces the Heir’s interest by 1/2 to 1.365 acres.

Totals 2.05 Acres