We get a lot of e-mail from mineral owners in Wheeler County Texas. The most common question we get is about the mineral rights value in Wheeler County Texas. In most cases someone has received a letter in the mail or is just beginning to think about selling mineral rights in Wheeler County Texas. Before you make any decision, it’s important that you understand the basics about Mineral Rights Value in Wheeler County Texas. We’ll help you better understand those things here!
How to Value Mineral Rights
Many mineral owners make one of the most common mistakes. They view their mineral rights just like they would their car, house, or plane. Don’t have a plane? Neither do we, just wanted to make sure you were paying attention! The problem with viewing your mineral rights the same way you do other items of large value is that they are not valued the same way other large assets are. How are they different? Unlike the cars, houses, and planes, you definitely will not find any reliable source of information for mineral rights value in Wheeler County Texas or anywhere else.
The reason you won’t find this information available is because:
- Supply: There simply aren’t millions transactions taking place all the time to base the price on. There are very few mineral rights transactions that take place relative to most other large ticket items.
- Information Access: The industry in general does not want the information about pricing made public. Even in court document the price simply reads “$10 and other good and valuable consideration” when a purchase is made to mask the actual sales price.
- Timing: Mineral rights value can decline or appreciate very quickly. Changes in Oil and Gas prices or a number of other factors that affect the value causes wild swings in the value of mineral rights.
The best way to determine mineral rights value in Wheeler County Texas is to put your property on the market in front of a large audience of buyers. Since you can’t determine an exact price, the only way is to actually sell mineral rights. To get the highest possible value when you sell, you want to get your property in front of a large audience of mineral buyers in Texas.
We recommend you list your property through US Mineral Exchange because they will help get your property in front of a large number of buyers. These buyers will then compete against one another to pay you the highest price. We’ve talked to a lot of people who have had good success working with US Mineral Exchange which is why we recommend them.
Estimating Mineral Rights Value in Wheeler County Texas
If you want to estimate the value of mineral rights, you can guess that you would receive anywhere from $250/acre to $2,500+/acre in Wheeler county Texas for selling mineral rights. There are many things that would push this value higher or lower, but that’s a very approximate range you could start with as a guessing place.
If you are currently receiving royalties, simply enter the average amount you receive in the first box below for an estimate: