I notice you have a toolbar on mineral rights. I have a question that maybe you or your well-qualified bloggers can answer. I have three (3) mineral acres under a well south of Tioga. The well is about a year old and royalties have been running about 50 bucks a month. Two years ago a mineral acquisition firm offered to buy for $500 per acre. One year ago they upped to $ 1,100. Now they have offered $3,000 per acre.This is about 15 years of royalty and I don't understand its worth. Is it possible that a pooling or unitization plan for the Bakken in the future would make these minerals more valuable?Let me know what you think.
My 2 cents worth: never sell minerals unless you really, really need the money or have another investment opportunity with that cash. Lease, yes; sell no. But I am inexperienced in this arena.
In addition, the area south of Tioga is "huge." I think bonuses of $7,000 could be expected in this area based on what I've seen in recent auctions. Possibly more. I think south of Tioga is better than southwest ND and the record in auction was $14,000/acre in southwest North Dakota, if I remember correctly.
