What are mineral rights worth around the Richland chambers lake area? This would be for sale not lease. There has been some production in the area but nothing recent. The land currently has a lease that is for four more years. Thanks

Capital Farm Credit is who I went thru to get my loan. They have a man who can research minerals and royalties and lets them know what he thinks they are worth.

In broad general terms, non producing minerals have no value until produced or an offer is put on the table. Until a well is drilled and completed it is all speculation. There are too many variables to consider, even with producing properties.

I would never outright sell minerals. You never know what can happen down the road. If you have a lease, let it expire on its own terms then promote the acreage for lease to different companies.

I'm looking at buying not selling. Thanks for the replies.

There is some oilin that area, the trick is it falling on the radar of a company. You need to do a lot of research or you could buy minerals from someone who doesn't have them. In which case you are sol.

They cant legally tell you they are conveying the minerals if they dont have them.

Mineral rights have value before a company makes an offer on it also. Some areas are worth more than others, just like land. You would be best off contacting a local appraiser or someone similar, possibly a broker or someone in the oil side of things.

Like what has been said mineral rights are not worth anything till oil or gas is found on the property or near by. My Grandfather's 160 acres in Ark. has had producing wells on it since about 1955 and recently additional deep wells have been drilled and are about to go on line. Unless the land was extremely cheap I would not purchase any property that did not come with mineral rights. Grandfather died in about 1950 so my father and his brothers & sisters inherited the property and like I said it became an oil producing tract of land in 1955. My father said many times that someday deep oil would be found on the land and sure enough it happened last year but Dad died in 1985 so my brother,sister & myself along with dozens of cousins will reap the benefits of the mineral rights. You can never know when the mineral rights will pay off!!!!

I agree with you that if one owns non-producing minerals in the Barnett, that it will be worth more than minerals with no production history. I just think that it's only worth what someone is willing to pay in the truest of sense.

Counties don't tax non-producing minerals for a reason, because there is no way gauge the value unless those minerals are being produced. If they could tax them I have no doubt every county in Texas would be taxing mineral estates, but until it's producing, you only get taxed once for all your land from the surface to the center of the earth.

The overwhelming majority of land parcels for sale in Texas don't come with mineral rights.

This is a silly statement.

Who are you buying them from? I have never seen a drill around there but it's been a while. I remember seeing some gas flares on the south side of the lake many years ago.

but they can say they will convey whatever minerals rights they own, if any.

alot of folks are under the impression that they own X number of minerals but when the mineral search comes back, they own far less than originally thought.

Alot of properties in texas have had mineral rights reserved from back in the 50's and even earlier. You can't convey what isn't owned.

if the landowner does own the minerals,with the way Oil and Gas is going now and the booms we are seeing in south and west texas, the only way you'll get any substantial percentage of mineral rights is if you buy in an area with no known history of production. the hill country is a good example of this. There are deals where the seller will convey a large portion of mineral rights in producing areas but its gonna come at a premium.

My buddy gave away 50% of their rights in 8 years ago In a land sale in Eagle Ford area. Ouch! No production then so they were not worth much. Now Dolph's estate owns them. That family might be the richest family in Texas before long. They still have plenty luckily.

i think the briscoe's are the richest family regardless.

if you look at the railroad commissions website they will show where there have been wells drilled in the past. We had a gas well drilled on our place that was plugged sometime in the 80's. We haven't had any production on our place since nor have our neighbors but if you go 6 miles up the road there is a ranch with 4 wells on it.

some times they get conveyed on accident when people don't look carefully on how they write up the contract.

its up to the seller to do his due diligence on matters concerning mineral rights

Thanks for the replays. I understand something is only worth what someone is willing to pay but I was trying to figure out if $100, $500, or $1000 per acre was fair.

I had a number in my head but wanted to see if anyone else had a opinion.

really, its worth what you can get for it. I would start by talking to some oil and gas guys in the area and see what the mineral leases are going for an acre.

then, find out what kind of production the wells in the area are doing and that will give you an idea.

Any landman should be able to tell you pretty close what minerals leases are going for in an area.

Thats nonsense. Do you own any mineral rights tha arent producing right now? If so, Ill take those worthless rights off your hands for $1 an acre.

All mineral rights to all the land were once not producing anything. You never know what will be found in the future. If we did, we all would have been buying land in the barnett shale.

I own full mineral rights to 60 acres of my 62 acre farm. Researched it myself and while the mineral rights were reserved at one point, they were reserved for the term of the natural life of the reservee and it stated that upon that persons demise, they reattached to the property and whosoever owned it at that point. Luckily, when we cought it, the sellers didnt realize the mineral rights were there so they didnt reserve them. Lucky us! I would not sell my mineral rights for any amount right now. Hopefully one day something will be found and either myself or my grandchildren will see the rewards.

I think you misunderstood what we meant when we said they were aren't worth anything until produced. Not saying they are of no monetary value so they should be sold for one dollar, just that until there is production it is near impossible to quantify how much unknown and unproduced minerals are worth.

Hold on to your minerals!

Mineral rights have value just like surface rights. They are part of the "bundle of sticks" or "bundle of rights" you purchase when buying land fee simple. As Nathan at Fork has said, I will purchase all those non producing mineral rights since they are worthless or of little value if not producing. Hell I will pay ya $50 an acre. All the land rights that come with fee simple title have value, whether it be air, water or mineral rights.
What you need to do is find out what oil and gas leases are going for in that area, that will give you a starting point. But what you really need to do is find a Landman (like me for instance) that knows what the mineral right are selling for in that area. My company has been purchasing mineral rights in all different areas from $300 an acre up to $5,000 an acre. It just depends on the potential of the area. In certain fields you can find tracts of land that have not production in the past 50 years but they have the potential for 500 barrels a day. How do you know? You hire a good geologist. But as a very broad general rule of thumb the mineral rights should sell for about 3 times the lease bonus price per acre.
If you have some mineral tracts you are thinking about buying I could possibly help you out on the price to offer. I could also get you some money men to help fund a deal if more money is needed and if the minerals are in an area of high priority to my Clients. They would pay you a bird dog fee for any deal you bring to the table.
Also as someone has already stated, alot of the land owners dont know what they own as far as the mineral rights are concerned. So you have to run full mineral title before you can even make a legit offer. Otherwise you will get burned. You can PM me if you have any questions.