In determining the oil and gas mineral value there are two main points:
(1) What oil and gas reserves do we have below surface?
(2) When is that value being extracted?
There’s no Zillow, or MLS database for mineral rights. This makes the sale and purchase of mineral rights subjective, and widely varies based on the buyers intention.
Nevertheless, there is information that can be gathered that helps determined the potential value of ones mineral rights.
Troy W. Eckard and Ronnie Aroche discuss the various scenarios that a mineral owner and mineral buyers are faced with.