I was offered $55,000 for the mineral rights. It is 1.35 net royalty acres, and 8.12 net mineral acres in Campbell County. I’ve been getting Royalties for about 8 years. Lately the checks are netting about $250 a monthy, or about $3500a year. I’m 67 yrs old and figure at this amount it would take 13-15 years to get to that $55,000 amount. I’m not dependent on the money checks. Used for hobby interest. Any opinions on my dilemma?
Any time I receive offers to buy my acreage, I try to figure out what they know that I do not know. Usually, it is upcoming horizontal drilling. Most of my offers have been low ball compared to the potential revenue coming from the new well(s).
Go to the Wyoming oil and gas commission website and see if there is horizontal drilling near your acreage. This is a possible link. ArcGIS Web Application
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