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Question #1

Q: What is the value of my mineral interest?

A: Values are generally based on your proximity to current oil or gas production, as well as dry or abandoned wells. Bonus amounts paid for leasing your minerals are dependent on these factors and whether more than one company is competing for your lease.


Question #2

Q: Why should I lease my mineral rights?

A: It is important to keep mineral rights under lease to increase the chances of being included in a drilling unit, and hopefully realize the benefit of oil or gas production. Withholding a decision to lease with hopes of receiving more per-acre bonus money later on may work against you. As time goes by, exploration companies may change their area of interest based on geology or exceed their budgets for lease acquisition and decide to focus their resources elsewhere.