Value of minerals on old lease

Need some help from the pros. I have 50% minerals of a 1/8 lease in Bethany Longstreet Field. Please don't press me for a section as that is private. It is not even unitized yet. What would be approximate value for each acre of minerals. Have a mineral deed, so am sure of the percentage.

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landownerPermalink Reply by Mac Davis on March 24, 2010 at 22:57
This is Economics 101. Try reading up some basic economic texts.

I've explained it multiple times. Try reading the rest of this thread.

However, if you still can't understand the concept of "worth," forget "worth." It's perfectly valid to ask some "concrete" questions:

1) What can I sell this item for?

2) How much cash is necessary to replace the value to me of continuing to own this item? (This one takes some thought, but it's an important concept.)

If 1 is greater than 2, sell. If not, hold.
Permalink Reply by S.H.M. on March 24, 2010 at 4:49
Question: To any or all. What if you are dividing interest within your immediate family. Does value figure in this situation (other than lifetime "donation" value)? I know I need to ask the lawyer and accountant, was just curious if any have had experience with this scenario.

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