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Permalink Reply by dbob on April 15, 2012 at 7:55

 Keep in mind, if your property is primarily a dry gas (Haynesville) property, you are probably considering selling at or near the bottom of its value.  Consider carefully why you are making the sale, and consider alternative monetization stratagies that that may meet your current need, while perhaps keeping some value from the minerals in the future.  Obtain competent advice on valuing the minerals, and legal advice on how to structure this appropriately. 

Then list them on Craigs List (not really)

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Permalink Reply by True Texan on April 15, 2012 at 8:31

I keep getting letters from a lot of companies that want to purchase my mineral rights.  In some they list a dollar amount they would pay for certain tracts or oil leases that I have.  In others they say to contact them in order to get a price they would pay.  You should read everything fully before you accept the terms.  In some cases it say in very small print that you would be selling them all your  mineral interst in Texas for the listed amount. 

 

If you are not getting these letters I would google - We purchase mineral rights.

I would tell them all what you have and let them all give you a quote before you accept any purchase price.

Maybe if you list your mineral rights on this website someone will contact you with an offer to lease or purchase them.

I myself would not sale right now because the price will be a lot lower then it might be in a couple of years from now.  

 

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Permalink Reply by Hopeful About Natural Gas on April 15, 2012 at 19:49

I'm just going to quote the doc ... "Keep in mind, if your property is primarily a dry gas (Haynesville) property, you are probably considering selling at or near the bottom of its value."

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Of course, it could take YEARS for the values to rise.

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Permalink Reply by Henry on April 15, 2012 at 22:09

penelope,

It depends on how many acres you have.....  If you only have a few, then you do what the people here recommend, and contact the companies who buy minerals.  If you have over 100 acres, you could consider hiring an attorney and having him put the acres up for auction.  I would tend to agree with the prior comments -- you are thinking of selling right at the bottom of the market -- it is unlikely that prices will be very good.

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Permalink Reply by Krkyoldhag on April 16, 2012 at 2:26

Selling is something I would have to consider for a long time (exept I don't have a long time).  I am 74 ..and it looks like tho a site is completed there will be no gas well on my place for at least a couple of years if even then.  So with that in mind, and considering life expectancy is less then ten more years it might be something that would realize me income now in my lifetime.

Guess it depends on whether one is planning an estate for heirs.  If no heirs or no close ones it might be a case of bird in hand..

So it depends on your life situation at that point doens't it?  And politics. Certainly my advice would be to wait til after first of next year.  Then see if Obama tries to nationalize all oil and gas sources.

But before doing anything certainly would go to a good attorney.

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Permalink Reply by John Smith on April 16, 2012 at 15:15

Where is your property located Parish, Township, Range, Section and how much acres?

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