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Montana

Oil and Mineral - lease? sell?

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Showing posts 1 - 8 of 8
Slow ride
Los Angeles, CA
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#1
Jun 6, 2008
 
I was wondering if anybody can offer insight on advantages/disadvantages of buying versus selling oil and mineral rights?

Four of us in the family have inherited 500 acres in Rosebud County and just got an offer to sell for about $32k or lease for $8k plus % of oil profits (I think it's about 12%?).

Sorry to not offer more details, but this came suddenly, and long distance. I know an attorney needs to be involved eventually, but I'm just trying to get a general idea if this is a realistic offer either way, or nonsense. The company is Canyon Natural Gas out of Billings. Any thoughts are appreciated.
mmua
Whittier, CA
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#2
Jun 11, 2008
 
you are dealing with your rights, and if you do not think that your rights are negotiable, procede with caution. Either way, you have rights that are protected by law, and these resources benefit the people of the United States.

Please do not fall for the protect the world from man push to lock up private land into easments or other mechanisms that prevent development of that land. Private Property is the foundation of our freedom here in this country, and we will stand behind you here in Montana to protect those rights.
unsure
Casper, WY
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#3
Jul 6, 2008
 
I also inherited 960 acres of mineral rights and was offered 45 dollars an acre and 1/8 profits from land in richland county in eastern Montana from Petro Hunt. I live out of state and don't know if this is a fair offer.
Bill
Spokane, WA
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#4
Wednesday Jul 23
 
My family has over 700 acres of oil and mineral rights in Sheridan County, that we would like to lease out. How do I contact oil drillers that do that.
Cali_Status
San Diego, CA
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#5
Thursday Jul 24
 
"Drill your own dam hole" sell out!! "Just kidding"
TJM
Bismarck, ND
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#6
Friday Jul 25
 
Please send the description to atlaseandp@gmail.com we will try to beat that offer!
unsure wrote:
I also inherited 960 acres of mineral rights and was offered 45 dollars an acre and 1/8 profits from land in richland county in eastern Montana from Petro Hunt. I live out of state and don't know if this is a fair offer.
TJM
Bismarck, ND
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#7
Friday Jul 25
 
Please send the description to atlaseandp@gmail.com we will look at leasing them!
Bill wrote:
My family has over 700 acres of oil and mineral rights in Sheridan County, that we would like to lease out. How do I contact oil drillers that do that.
Bill
Spokane, WA
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#8
Monday Aug 4
 
I submitted my info, am waiting for reply
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