The days of landmen running around in courthouses in Pennsylvania isn’t over, but their purpose is a little different.
Mineral buyers, who hope to cash in when natural gas prices recover, are filing deeds daily in Pennsylvania courthouses. They offer money today in exchange for minerals. Some will pay back in spades and some won’t. That’s the nature of the business.
Buyers often offer to purchase of a landowner’s mineral rights , so the landowner keeps some upside if that pay day does come in. Others opt to sell all of their mineral rights. Only time will tell who made the right decision. If someone has a substantial mineral holding, we always advise that they keep some portion.
Selling mineral rights should only be considered if you have other investment opportunities or an immediate need for cash.
Let us hear if you’ve been contacted by a mineral buyer lately. Use the comment section below.