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Oil/Gas/selling mineral rights activity in area

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Question
mother owns .008126 RI in JACKSON B UNIT 1H, ENERVEST OP., A-587 PANOLA CSL BLK 29, RRC 260280 42-337-34489 ACRES: 186.450   TAX ACCESSOR VALUE 23k DISQUALIFIES HER FROM MEDICAID   I NEED TO FIND A FEW PARTIES WHO WILL MAKE OFFER   ALSO, I'M INTERESTED IN KEEPING SINCE IT'S LARGE ACREAGE  ANY IDEAS?  THANKS

Answer
You want offers, yet you want to keep them since it's a large acreage? You can't have it both ways really, but I suppose you could sell just HALF of her interest and keep the other half. Before anyone will make an offer on this they will likely want to see several months worth of recent check stubs in order to verify her interest and current income. They will then base any offer they make on that income. An honest buyer would also take into account the potential income from any new wells that are planned for the property, if any, and provide some consideration for that income in their offer as well.

If you need help finding potential buyers feel free to contact me at The Mineral Hub (below) and I'll be happy to list them on the site. Even if you don't go that route I would suggest getting them seen by more than just one or two potential buyers, as that will increase the likelihood of you getting a fair offer.

Since the property is apparently producing I'd say that she could expect to receive anywhere from 36 to 60 times the average of her monthly income over the past six months (from the wells.) If they are in a pretty active area and the wells are still in good shape it would tend towards the higher end of that range (or should.) Additionally, you'd want to find a buyer who would take into consideration the acreage involved as well as just the income since it's apparently a larger acreage,  though any offer will be based mostly on the potential for future income or value from the property.

Hope this helps you out.
Frederick M. "Mick" Scott CMM RPL
www.mineralhub.com
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Frederick M. Scott

Expertise

Oil and gas leasing, lease negotiations, how to best deal with the oil and gas companies or their representatives, buying/selling mineral rights, forced-pooling, correlative rights, deeds and conveyances, and "post-production" costs. I am most experienced with Oklahoma properties and laws, but am able to answer questions concerning other oil and gas producing states in many cases.

Experience

I am a Certified Professional Mineral Manager (CMM) certified by the National Association of Royalty Owners (NARO) in Tulsa, OK. I am also a Registered Professional Landman (RPL) with the American Association of Professional Landmen (AAPL). I have managed my family's oil and gas properties in Oklahoma for over 10 years and have dealt with many landmen, title analysts, attorneys and other oil and gas professionals in the process. I have written several articles which have appeared in various oil and gas industry magazines and newsletters. I have negotiated and drafted leases, prepared deeds, affidavits, and other legal instruments relating to my own minerals, as well as performed title, legal research, and curative work for same. I have acquired a good deal of knowledge on the subjects of oil and gas law, mineral appraisal, and landwork over the past ten years, and also worked as a professional landman and lease buyer for a time. I've seen the business from "both sides" and therefore feel confident I can help out most of the folks who ask questions in this forum.

Organizations
National Association of Royalty Owners (NARO); American Association of Professional Landmen (AAPL)

Publications
National Association of Royalty Owners "Action Report" (ROAR); NADOA Magazine, The Mineral Hub, Landman Magazine, and several royalty owner association group's newsletters.

Education/Credentials
Certified Mineral Manager (CMM), Registered Professional Landman (RPL)

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