i have lot they want to buy mineral rights for drilling natural gas 8000 feet down the drilling how much?

Answer 1

If they are not going to be interfering with your lifestyle (drilling near your house or on property you wish to use in the next few years then the lease value is fairly small (Several dollars per acre is normal) however what you ask for is entirely up to you.

Make SURE you get a share of the royalties based on the wellhead price of Natural gas. The drilling company wants these prices to be high because this is where their profits come from.

Most standard leases give 12.5% of the price of the Natural gas to the landowner. If they find gas this is where your money comes from. Not the leasing of the land. The lease of the land is a pittance if they start producing.

You can try for a larger percentage but they may say no. It costs a lot of money to drill down a mile and a half. I'd estimate $1,000,000 to $4,000,000 with no guarantees of hitting anything.

Disclaimer: I am not in the drilling or natural gas industries.

Answer 2

I live in Tarrant County Texas and they are doing a bunch of this around here. They almost always "lease" the mineral rights not "buy" but sometimes someone may buy them outright.

The property tax district may tax you on your minerals once you sign a lease. Of course the IRS will tax you on any money you receive. Your mortgage company may charge you to provide a release allowing you to lease your minerals.

In Tarrant County lately they have been paying $4000 to $6000 an acre for signing bonus. For a fifth of an acre this is $800 to $1200. They have been paying about 25% royalties.

This may be way to cheap or way to expensive for where you live. But even if this nets out to one dollar after all the fees and taxes I figure it is found money.

Answer 3

Does not cost you any thing. They buy the rights to the product under the land, they do the drilling at their expense and pay you a royalty on the amount of product they remove. I used the word "product" because this goes for any thing on your land or below it. They give you sort of a down payment in case they get nothing, the down payment is for the use of the land. In any case have a lawyer involed.