Today we received a letter from BCF Minerals. They are offering quite a lot to purchase our mineral rights which is in the Brinker Storage Field. We have just over 22 acres, they are offering $96,894 valuing the minerals at $4,200 per net acre. That seems rather strange they would offer so much when there is a good chance they won't get anything out of this, does anyone else find this a little strange. Of course I am not selling to them but just wanted to hear if anyone else has had a letter like this. Things seem to be heating up in the storage field.
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Permalink Reply by bo boboski on Absolutely, do not do it!
Permalink Reply by Kathleen on Permalink Reply by Dennis J on At this point I have no lease and not sure if I will lease. I've been gathering information and frankly it is so confusing, it's like our new healthcare plans.
It appears these companies are planning to make a lot of money on these deals. Depending on your current financial needs it certainly seems wise to resist selling at this time.
http://www.timesreporter.com/newsnow/x511617905/Carrollton-could-se...
If I am reading the article correctly, paying $555K to get $2.2M sure is a good deal for the company purchasing the royalty rights. But I guess every situation is unique.
Village Council plans to sell one-fourth of the village’s 20 percent gross profits from its oil and gas leases with Rex Energy to Gateway Royalty for a one-time payment of $555,000."
"The company has estimated the lifetime value of its royalties from the village is about $2.2 million."
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