Replies to This Discussion

Permalink Reply by Skip Peel - Mineral Consultant on July 28, 2014 at 10:38

Look on your lease and post the section-township-range location for your minerals.  The proximity to Kentwood Spring Water is of no importance.  The aquifer used by the company and the TMS depth is likely separated by 2 miles of rock including several hundred, at least, impervious layers.  Depending on the location your minerals may be worth a good deal more per acre than the surface.  Sell the land with the minerals or without.  Just know the value and price what you wish to sell accordingly.

Permalink Reply by Joan Parsels on July 29, 2014 at 1:21

Leased property: S41 T1S R6E 

Permalink Reply by Skip Peel - Mineral Consultant on July 29, 2014 at 1:49

Joan, I don't deal in land so I can't comment on that value.  If you would like some other member to weigh in with an opinion of the surface value you'd need to describe it.  Timber, pasture, ponds, etc. 

As to the value of you mineral right, it could well be worth $3500 per acre, or more, by itself.  Although there are no wells permitted or drilling in your immediate area there will likely be some in the near future.  Possibly before the end of the year.  If so that will help the value.  The value is a combination of the physical location and proximity of development activity and the terms of your lease.

Here is the s-t-r location of recent drilling unit applications.  The Greenlaw Field is in your general area.

Sections 4,5,7,8,57,58 - 1S - 7E          Greenlaw Field

Sections 2,11,53,54,55 - 1S - 7E         Greenlaw Field

Sections 20,29,30,39,40,41 - 2S - 8E NW Wilmer Field

I suggest you read this:

http://www.gohaynesvilleshale.com/profiles/blogs/fundamentals-of-mi...

Permalink Reply by Joan Parsels on July 29, 2014 at 4:05

Thank you for the information