MLM Directory

Mineral and Gas rights??

My parents have a large piece of property that they raise cattle on and just built their dream vacation home on. They just found out that there is a large natural gas vein under their property. They arn't interested in selling their home but are entertaining the idea of leasing so they can "harvest" the natural gas. The company that has approached them has offered them 18k a year for the lease.... Something is telling me this a waaay low price that they are offering. That breaks down to about 1500 a month. Is this a low ball offer or is it about market price? If it is a low ball number what is the round about price range for something like this? Also who is the best type of professional to contact to help look out for my parents best intrest?

Public Comments

1. I recommend that you contact The Appraisal Institute for a referral to an appraiser who has expertise in appraising Mineral and Gas rights. You can contact The Appraisal Institute at their website: www.appraisalinstitute.org
2. There's no way of knowing if it's a fair price without knowing just how much natural gas is there. Contact another oil and gas company to get a bid from them and then compare the two. Be sure to find out the details of each deal.