Price for leasing mineral rights

Oil and Gas Leasing Help
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We have had an offer and want to know what the going price for leasing would be per acre in Township 30north, Range 58 East of the M.P.M. Section 35: N1/2, SE 1/4

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The going price for mineral rights leasing per acre in Township 30 North, Range 58 East of the Michigan Principal Meridian, Section 35: North Half, Southeast Quarter will vary depending on a number of factors, including the type of minerals being leased, the location of the land, and the current market conditions.

According to the Michigan Department of Natural Resources, the average bonus payment for leasing mineral rights in Michigan in 2022 was $1,000 per acre for oil and gas rights and $500 per acre for other minerals, such as sand and gravel. However, these are just averages, and the actual lease price for a particular parcel of land can vary significantly.

For example, land that is located in a known oil or gas basin is likely to command a higher lease price than land that is located in an area where there is no known oil or gas reserves. Similarly, land that is located near a major transportation hub is likely to command a higher lease price than land that is located in a more remote location.

It is important to note that the lease price of mineral rights is also affected by the negotiation skills of the landlord and the tenant. If you are interested in leasing mineral rights, you should consult with an experienced attorney or land management company to ensure that you are getting a fair price for your rights.

Here are some additional factors that can affect the lease price of mineral rights:

  • The length of the lease term. Shorter lease terms typically command higher bonus payments than longer lease terms.
  • The type of minerals being leased. Oil and gas rights are typically the most valuable type of mineral rights, followed by sand and gravel rights.
  • The location of the land in relation to known oil and gas reserves and transportation infrastructure.
  • The current market conditions. The price of oil and gas can fluctuate significantly, which can affect the price of mineral rights leases.
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