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Permalink Reply by Kassi on August 3, 2008 at 4:28

I think the land owner is not wise to sell and you are getting a heck of a bargain at $7,000.00 per acre given the industry reports regarding the Haynesville shale.

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Permalink Reply by Randy on August 3, 2008 at 4:36

That's higher than what a lot of people are paying for royalties, but it would probably still be worthwhile. The percentage would also matter....

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Permalink Reply by easttexas12 on August 3, 2008 at 4:53

Kas N1, it might be worth it for you to purchase a 6 month option on those mineral rights for say 10K. You'll have six months to see exactly what the market will bear and this individual will put 10K in the bank. Might be a win win for everyone that way. Of course if its just five acres or so it wouldn't be worth it.

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Permalink Reply by po boy on August 3, 2008 at 6:31

Buying outright at that price may or may not be a bargain, depending on location. It has not been long since $125. and acre would have been a good lease price in most of the state.
Do your homework.

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Permalink Reply by Two Dogs, Pirate on August 3, 2008 at 6:37

You may be buying the Brooklin Bridge.

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