I’ve been approached by a family member to consider purchase of their mineral rights in the sections listed but don’t see much information about any happenings in these areas recently. Can anyone point me in the right direction to determining a fair purchase price? Family member was recently contacted about a lease for Section 4 and was offered $275 per acre for lease. This would all be new to me as when I purchased my other mineral rights there was already production.
As a newbie, is there anything you suggest for me to look into?