Hello, I’m new to this site, I own several mineral rights acres in Roosevelt County, but must sell part of my acres due to illness. Have offer for $1100 per acre but that seems a little low. Any advice out there?
That is pretty low in this County as it is so hot. Remember the closer to a producing well, the more it is worth. Producing well acres are worth about $10,000 an acre. Generally ANY acreage in a hot area is worth $1000 an acre, so somewhere in between is what an appraiser would say. We had ours appraised up there before the big oil boom hit; and an appraiser charged $1200 to appraise just over 100 acres on one of our areas; so quite costly unless you are selling a lot of acres! Hope this helps.
Township 27 North, Range East 59, Section 4, Lots 1-4, and Township 28 East 59, Section 33.
The value is determined by many factors. One of them being where your property (Section, Township, & Range) is, and what kind of activity is going on around your location. A little more information is needed if you want to post it here.
How many acres do you own in this area?
68 acres
I have 70 acres of the Hawkins 29-32 and I have averaged about $5000 a month so far in income so selling yours could be worth quite a bit if a well is anywhere near!! I would not sell any of mine, all of which is within 2 miles of the Hawkins well, for less than $3,000 an acre!!!