Replies to This Discussion

Permalink Reply by Roger Booth on June 2, 2014 at 3:45

Norma,

Why would you sell your mineral rights unless you need the money? The amount you can sell them for is a mere fraction of the potential income. It would be like hocking your rings at the pawn shop! In my opinion...

Regards,

RB

Permalink Reply by norma smith on June 2, 2014 at 5:59

There are no heirs to leave it to after us. We are in our 70's and our only son is in 50's with no children.

Permalink Reply by iwana nipper on June 3, 2014 at 6:41

Never sell your mineral rights, only lease them.Your son may need the royalty payments later on in life. I own several acres in Columbia County at Macedonia. Have had these for years dating back to GreatGrandparents. We always lease, always draw a royalty check. The company has gone back in, uncapped old wells and redrilling these. Now gona drill 2 more wells on property. Keep your mineral rights, it does not cost you anything, and you will be happy you did. Any relatives, after you pass, will get the rights to these. Hope this helps you.

Permalink Reply by norma smith on June 4, 2014 at 9:51

Thanks for your response... I probably know you or our parents may have known each other... Are you related to the Jones's family that lives in Macedonia? My parents and grandparents are buried at Harmony.

The land that we have mineral rights on is further north than Macedonia, Northeast of McNeil, and nothing ever seems to happen there... We were thinking that we could get more by selling than he would ever realize by waiting to lease when there has been no interest there.