I'm in the process of listing some family acreage--as the title suggests, we own the mineral rights. The property is in Hopkins Co. There's no O&G to speak of to my knowledge, but nearby areas have historically been mined for coal (lignite). I know that several decades back there were some leases on this property, but never any mines.
My gut says to retain all of the minerals regardless of the potential, but agent suggests that a combination of the size of the tract and retaining the minerals may slow a sale. Also, not really in a position to sit on this for years waiting on a buyer.
Any advice from the real estate board? Is it worth pursuing a minerals report or similar? Keep 50%?
My gut says to retain all of the minerals regardless of the potential, but agent suggests that a combination of the size of the tract and retaining the minerals may slow a sale. Also, not really in a position to sit on this for years waiting on a buyer.
Any advice from the real estate board? Is it worth pursuing a minerals report or similar? Keep 50%?