I own about 7 net mineral acres in Love County and I’m being offered $3000 per net mineral acre. Is this a fair amount? How can I find out how much net mineral acres are selling for in this area?
Thank you.
A lot of that is going to depend on where they are located in Love County. Did you have the legal descriptions?
Also, is your offer to purchase your mineral acres or lease them? If it is to lease, what is the royalty?