recieved an offer to buy 50% royalty interest for our 865 acres in Desoto parish near Logansport. we currently have a 70% stake in the mineral rights. the offer was in the mid nine hundred thousands. just wondering if that is a low mid high offer? I know selling some of your royalty interest sounds crazy, but the news is all over the place about prices, overseas cheaper gas, capping wells, etc. thanks-Thomas

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Comment by Greedy Landowner on April 27, 2009 at 12:09
That comes out to be almost 1,100 per acre. If you look at it like that instead of nearly a million dollars it kind of looks different, at least to me. Is it already leased?
Comment by lanadan Ds3 on April 22, 2009 at 22:30
Go ahead if you are so inclined, and play Santa Clause. 'Cause you'll just be giving it away!

Just kidding, of course, but the truth is still there.

Curious, in what sections in what T&R's are your properties located in? (not being nosey, I assure you) That would help in understanding if indeed your prop is in a "hot" area. If you have MI in, say,
T11R15, with that much acreage involved, I wouldn't sell for 10 times that amount! (or maybe would, depending on the other factors involved)
Comment by Two Dogs, Pirate on April 22, 2009 at 11:40
Thats a crap offer.

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