My mother has fractional mineral rights to approx. 100 acres in Tyler County, WV. She has recently received an offer to purchase from Bounty Minerals. Their one stipulation was that they required at least 25 acres. Aren't fractionalized mineral rights, for a percentage of each acre of the 100 acres? Thus if she sold to Bounty Minerals, they would receive a percentage of the total, rather than acreage.
Thanks for any input!
Dave
Sounds like your mother shares ownership with relatives or others and the fractional interest is her fraction of the 100 acres....if she owned a 1/4 interest in 100 acres of mineral rights that would be 25 net mineral acres. If she sold her 25 acre interest Bounty would then own 25 net mineral acres
David,
You should ask Bounty if it means 25 net mineral acres as a minimum. Net mineral acres over 100 gross or map acres is what she owns. She should be able to tell from taxes or deeds what her fractional share is. multiply that by 100 and you have it.
Bounty could also be explaining that they will not honor a commitment to buy unless they get at least 25 net acres in total.
Talk to them.
It sounds to me like they want to buy everything your Mom owns, and they believe that amount to be twenty-five (25) net mineral acres.
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Scroll to The Bakken Shale will end up being the largest oil discovery the world has seen in 30-40 years http://oilshalegas.com/bakkenshale.html also scroll to Brigham Exploration (BEXP)
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