Similar to trying to predict the weather, trying to calculate your mineral rights value can be a little difficult because the value can change rather quickly. To help you better understand the value of your mineral rights in and around the Appalachian Basin, Master Mineral Holdings is sharing answers for some frequently asked questions about mineral rights.
QUESTION: HOW DO I KNOW IF MY LAND HAS MINERALS?
Using the field of geology, which is the study of underground structures, Master Mineral is able to determine what valuable minerals and hydrocarbons may exist on your property and to what extent. If you live in West Virginia, there’s a good chance that you might have mineral rights. The closer you are to known hydrocarbon accumulations, the higher your mineral rights value may be.
QUESTION: HOW MUCH ARE MY MINERAL RIGHTS WORTH?
There are many factors that can play a role in determining the value of your mineral rights. Master Mineral Holdings helps people evaluate these factors so that they can get the highest offer for their minerals. Here are just a few of the factors that may affect the value of mineral rights: the state and county of the minerals, the location of the minerals within the county, whether the minerals are producing or non-producing, surrounding production, whether or not the mineral rights are leased.
QUESTION: DOES THE SIZE OF MY LAND MATTER?
The volume of what you offer for sale or for lease will greatly impact the value it’s given. Since it’s cheaper and more efficient for companies to buy or lease mineral rights from owners with 100 to 1,000-acre tracts, large mineral rights holders will often have great mineral value. However, that doesn’t mean that a 100-acre or less tract isn’t valuable, and Master Minerals would still love to take a look at your property of two acres or more and give you your best option for selling your minerals.
QUESTION: ARE OIL AND GAS PRICES A FACTOR?
As mentioned earlier, oil and gas prices are a major determining factor in your mineral rights value. Since prices fluctuate every day, as is the case with most commodities, your mineral rights value can also fluctuate.
The value of mineral rights is fluid and the market can suddenly change. It’s better to act sooner rather than later so you don’t miss out on a potential deal. If you previously tried selling or leasing your mineral rights in West Virginia, Ohio or Pennsylvania and didn’t like the offer you received, contact Master Mineral Holdings today!