Hello, I’m new to this forum, so here we go. My grandmother has mineral rights in Williams County, North Dakota. They are leased by Diamond Resources. Total net acres are 69.21, that leased for $200.00 a net acre. Could’ve got more but I wasn’t there to negotiate for her, so she leased it anyway. So now she wants to sell it, but she has a dilemma. Is she selling it for enough money? Her offers are as follows:
$2000.00, $2250.00 and $2500.00
So, I talked to a man (CEO) of an operator company, one of the largest in the Williston area and asked the following: Is $2500.00 enough and he said absolutely not, so I said, what would it be worth and he said I wouldn’t take a dime less than $7000.00 to $8000.00 a net acre!!!
So, here I am, trying to find out if that is good, better or best.
Please help, it would be most appreciated. I’ll also give the legal descriptions as follows and my telephone number if anyone wishes to talk about this with me.
All acreage has the same royalty of 17.5 or Seventeen and One Half.
Township: 155; Range: 97; Sections 4 net acres: 2.32 5 net acres: 18.49 31 net acres: 5.40
Total Net Acres: 26.21 Net
Township: 155; Range: 98; Sections 5 net acres: 19.20 8 net acres: 24.00
Total Net Acres: 43.20 Net
Daimler B. Gross (310) 867-1317