Selling minerals rights, getting a fair offer?


#1

I’m in negotiations with the selling interest that my mom has in Martin County and would like to know what is a fair offer price for her mineral rights. Reed 1 A #1WA T2n BLK 34 Sec 1 A-396 T&P 227-38619 33 acres [NMA?] interest 0.005877 Chesser 12 #1,2 T1S BLK 36 SEC 12 A-659 T&P RRC/PETERS JJ 9 acres NMA 4.6 Inerest 0.007143 *the first one is in Howard County but is taxed by Martin County


#2

Ken, you have some great acreage. It depends on what your lease royalty is. Most buyers are buying based off of a net royalty acres (NRA) and not net mineral acres (NMA). That formula is NRA = NMALease Royalty8. Below are examples of the NRA Calculation. If your mothers acreage is leased at 25% she could get up to $25K per mineral acre, or 12,500 per NRA, on the first property and maybe more. The second property trades for less but that is because there isn’t much activity. I am sending you a direct message so feel free to reach out if you have any other questions.

11/48= 2 NRA 11/58= 1.6 NRA 118.75%8 = 1.5 NRA 11/8th8= 1 NRA