Been wondering about mineral rights value in Andrews County Texas? You’re not alone! Andrews County Texas is one of the top producing oil and gas counties in all of Texas! There are a lot of mineral owners who have mineral rights in Andrews that are looking for more information about the value. As you begin the search, it’s frustrating because there is not a lot of helpful information about mineral rights value available. Just give me something like Zillow for mineral rights!
Unfortunately it’s not that easy. There is not a lot of information available about mineral rights value in Andrews county Texas. The reason is that transactions in mineral rights are not public record. Most people in the industry prefer to keep the amounts private. In addition, even if you had information on a few sales that help guide you, the price of mineral rights changes rapidly! So how do you figure out mineral rights value in Andrews County Texas?
How to value mineral rights
There is only one way to truly find the value of mineral rights. To find the value of mineral rights, you must place the property for sale where a large market of buyers will know your property is for sale. When you do that, it allows all of these buyers to take a hard look at your property and decide what they want to offer. You can then evaluate each offer as it comes in the door. By putting the property in front of a large audience of Texas mineral rights buyers, you are ensuring that you get fair market value for the property!
The best way to get your property in front of a large audience of buyers is to list it with US Mineral Exchange. Putting your property online at US Mineral Exchange is like listing your home on the MLS. It alerts thousands of Texas mineral rights buyers that your property is available for sale. These buyers will then review your information and start submitting you offers. We speak with a lot of mineral owners in Andrews county Texas who have had success listing their property and receiving a fair value for their property.
Estimating Mineral Rights Value in Andrews County Texas
Need an immediate answer? We thought you’d never ask! While no one can tell you the exact value of mineral rights without putting them on the market, we can take a stab at estimating the value. If you receive an oil and gas royalty check each month from an operator, you have producing mineral rights. Producing mineral rights (royalties) are easier to value because there is always demand from buyers. The mineral rights value in Andrews County Texas for producing mineral rights can be calculated below. Simply enter the average amount you receive each month in box 1:
If you own non-producing mineral rights, it gets a little harder to estimate the value. In Andrews county Texas, you could expect to get anywhere from $250/acre to $2,500+/acre. Why such a large range? Well it really comes down to your location in the county, oil and gas prices, surrounding production, and many other factors. The actual value is truly a large range because the value could fluctuate quickly. You wouldn’t know for sure unless you placed the property on the market.