What is the current purchase price per net mineral acre?
It all depends on what company you are negotiating with and how many acres you have. I haven’t had negotiate with anyone for a few years but I know that Antero pays us much better than JAY-BEE does as far as the price of natural gas goes.
I wouldn’t sell your minerals if you have the option.
@Carl_Eric_Wagner - Hello Mr. Wagner, according to buyers and purchases in that area, a typical range of $3,500 to $8,000 per net mineral acre exists for unleased acreage near producing wells or current well permits. Premium locations and desirable lease terms tend to drive values toward the higher end of this range. In some cases, such as properties or mineral interests with horizontal permits issued or vertical wells already producing, offers over $6,000/acre have been reported. If you don’t need to sell the oil and gas minerals, I would suggest holding on to them. Nonetheless, I recommend consulting a West Virginia oil and gas law firm or a Petroleum Mineral advisor for guidance.