Mineral Rights Value in Westmoreland County Pennsylvania
It wasn’t long ago that we received a call asking about mineral rights value in Westmoreland County Pennsylvania. Westmoreland county is one of the most active counties in the entire state of Pennsylvania! This particular caller asked us a question we hear frequently at Marcellus Mineral Owners. He was receiving royalties checks from production in Westmoreland County Pennsylvania and wanted to know two things:
1. How much are royalties in Westmoreland County Pennsylvania worth?
2. How to go about selling royalties in Westmoreland County Pennsylvania
How to Value Royalties
Luckily, it’s relatively easy to value royalties. The reason is that there is strong demand for oil and gas royalties for sale in Pennsylvania. There are a large number of royalty buyers are interested in buying royalties at a fair price. In most cases, these buyers are willing to pay anywhere from 4 years to 6 years times the average amount of the royalty checks received each month. When we were asked about mineral rights value in Westmoreland County Pennsylvania, we knew it was a quick and easy answer.
You can easily estimate the value of royalties in Westmoreland by entering the average amount you receive in the calculator below:
[CP_CALCULATED_FIELDS id=”6″]
Best way to Sell Royalties
This particular royalty owner also wanted to know the best way to sell royalties in Westmoreland County Pennsylvania. Since we work with a large number of mineral owners, we have a good feel for all the available options a mineral owner has when they sell royalties. We always recommend that people list the property at US Mineral Exchange. Why? The simple reason is that royalty owners get the best possible price by putting their property online and letting buyers compete. This makes US Mineral Exchange a great option because it lets royalty owners create a single listing, then let all the royalty buyers in the industry come to them.
Non-Producing Mineral Rights
Do you own non-producing mineral rights? If so, there’s still value there! The mineral rights value in Westmoreland county Pennsylvania for non-producing mineral rights depends on where you are within the county. You may get anywhere from $250/acre to $2,500+/acre just depending on your specific location. With the oil and gas market still trying to find the real price of oil, there are still a lot of buyers in the market interested in picking up mineral rights. Your mineral rights might actually be worth much more than $2,500/acre if you are in an area with a lot of production. If you are surrounded by a lot of activity, that can be a great sign!
Questions about Mineral Rights Value in Westmoreland County Pennsylvania?
Got questions about mineral rights value in Westmoreland County Pennsylvania? If so, we can help get your questions answered. Just fill out the form:
[box style=”1″]Mineral Owner Inquiry Form
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Free Consultation
If you own mineral rights and have questions, fill out the free consultation form below. We can help you with the following questions:
- Mineral Rights Value
- Evaluate whether you have a fair offer to sell mineral rights
- Answer questions about selling mineral rights
- Understanding Market Value of Mineral Rights
- + Any other questions related to mineral rights!
No matter what question you have regarding your mineral rights, we can help! We usually respond to your inquiry within 1 to 2 hours!
Whether you want to sell mineral rights, determine mineral rights value, or simply have some basic questions regarding your mineral rights ownership, fill out the form and we will quickly be in touch.