What do potential buyers know in order to come up with a bid for mineral rights?
Is it just based on the royalties of currently producing wells?
Or are they able to find out what the current operator's landman has planned re drilling more wells and what type?
Or are they interested in a future lease on the land?
Or are they betting on future potential, i.e., based on knowledge (or speculation) that a bigger company will want to buy up mineral leases for large swaths of land in order to start horizontal or fracking? See https://www.forbes.com/sites/christopherhelman/2017/06/29/explainin...