When does it make sense to sell rather than lease one’s mineral acres?
In the past few weeks, we have received a flurry of six and even seven-figure offers to buy our mineral acres in individual sections in Loving County. These offers are generally for undrilled sections close to or on the Texas/New Mexico border.
I know the Permian Basin is the hot place to be right now, but what if conditions change and oil companies retreat and decide not to lease in our sections? Is the opportunity to become an instant millionaire missed because of the future promise (and hope) of continued drilling and income?
I realize the answer to this question probably depends on the background, circumstances, and personality of each mineral owner.