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Land prices and mineral rights
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Korbel
Posted 2/2/2021 10:36 (#8801436 - in reply to #8801316)
Subject: RE: Land prices and mineral rights


Champaign, IL
I bought 40 acres of forests property from Weyerhaeuser in Marquette County, MI. The sale contract had the typical ferrous, non ferrous minerals and gravel rights removed. Then I received an addendum that removed any and all types of hydro carbons rights from the sale. I didn’t know that the UP was a hotbed of oil and gas deposits. They also had the cutting rights. Not one of my best purchases.
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