Do you own mineral rights in Astabula County Ohio? That’s awesome news! Ashtabula county Ohio is one of the best places to own mineral rights! There are over 2,000 active wells in your county so there is a large number of oil and gas in the area. We speak to a lot of people who want to know about the mineral rights value in Ashtabula county Ohio. We are happy to help where we can so this article is to help you better understand the mineral rights value in Ashtabula County Ohio.
How to value mineral rights
After speaking with a lot of mineral owners, we commonly hear them express their desire to know the value of their mineral rights. They all make one common mistake as well! They believe they can get someone to give them an exact or very close to exact answer about the value. Unfortunately, mineral rights change in value quickly! Because mineral rights change in value so fast, it can be very difficult to nail down and exact value. In addition, no two properties are ever the same. The geology beneath the surface changes quickly so even your next door neighbors property will be slightly different from yours.
If you want truly find the value of mineral rights, you need to place them on the market for sale. If you wish to sell, we recommend you list the property at US Mineral Exchange because you’ll get bids from lots of buyers all over the country. This is helpful because when the buyers on their website will all compete against one another which drives the price up! That ends up bringing more cash to the table and more in your pocket!
Estimating Mineral Rights Value in Ashtabula County Ohio
Let’s assume for a minute that you are not currently receiving royalty income. If you simply own mineral rights and don’t receive income, you could expect your mineral rights to be worth between $250/acre to $2,500+/acre. The mineral rights value in Ashtabula County Ohio really depends on where in the county you are located. Some spots are excellent and others are not as great!
Now let’s assume that you are receiving royalty income every month. If this describes you, you can quickly determine how much your royalties are worth by calculating the value of mineral rights below. All you need to know is the average amount you receive each month and enter it into the first box. You will then be able to get a rough idea of the value.
Keep in mind that the above is just an estimate. Your mineral rights value in Ashtabula County Ohio could be WAY higher if there is a possibility to future drilling. You never know for sure how much you’ll receive for selling royalties in Ashtabula County Ohio until you list them online with a reputable company like US Mineral Exchange and then see what buyers are willing to pay for the property.
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.