Mineral Rights?

[jimboburnsy]

Originally Posted by snorpus

If I remember correctly, it was 22,000 acres.

That makes considerably more sense than $5,000/acre. Pretty danged big chunk of the landscape...

I would love to cash that check but it would hurt really bad to hand over Uncle Sam's cut...

[snorpus]

It's just like the lottery.... there's still a nice enough chunk left over to keep me happy.

[jimboburnsy]

Originally Posted by snorpus

It's just like the lottery.... there's still a nice enough chunk left over to keep me happy.

On second thought, it may actually be pretty exciting to sign a $7,000,000 check to the IRS...

[southleedc]

I would like to sell my mineral rights in WV . They are for 40+ ac 1/2 mile from the Ohio River in Wood county. Does any one know what they are worth?

[M. A. Hughes]

Are you really sure you want to "sell", not "lease"? Or has your door already been knocked down by people beating a path to it? The person who says that a bird in the hand is worth 2 in the bush is forgetting the 2 in the bush may each be sitting on a nest full of eggs! It's a little like that with mineral rights. I suspect you'll never get what they are really worth unless you get a bidding war going on. And even then you might not because the true value isn't really known until you have a well or wells that are producing. If you can, you just might want to wait until those eggs hatch even if it's your grandchildren that benefit.