My husband and I were approached by an invester to sell our land with the OGM rights. We are thinking about selling our land that is located in the WET UTICA region and has great geology. We would like to get the opionion of other land owners out there. If you were approached would you sell? And if you would sell what would the price per acre be? Half of our acerage is leased and the other hald on a seperate parcel is not leased. It seems like if we do the math of the royalties over 30 years there is allot of money coming in. So do we sell? And If so what do we ask per acre? Thank You & God Bless =)
On dry gas property, probably $10,000. On wet gas $15,000. Up front money with no royalty. Just my two cents (pun intended).
I would be happy with $4000.00 a acre on dry gas here in pa
Ah, collectively, between five owners, we have 105 acres in Marshal County. I see that you've given some estimates for selling minerals outright. At least that gives me a ballpark figure.I have no idea if how selling outright works with multiple partners. My sister and I might have to convince the other three to sell, if we need to sell in one large hunk.
I wonder why all of a sudden two companies have contacted us a day apart. Do they know something we don't?
I wouldn't sell for 50k. After you sell where do you put the money? T bills are losing about 2% a year after inflation
that's using govt numbers. I think it's more like 5%+.
After you sell that's all you'll get. If they find another Pay Zone Buyer will get that pay day!
Now if you are 70+ and want to move to Florida that's a different story.
I thought it was surface and all mineral rights. Not just royalties.
we have had the same though that you just had. Why lose 40%+ 0f the royalties to taxs. And the price we are looking for an opinion on is selling both top land and mineral land together. I havent seen $50,000 per acre yet but we have seen $25,000-$30,000 per acre pricing.
And you have doubtless noted that the "Long Term Capital Gains Tax" rate could potentially double from 15% to 30% next January - depending upon politics.
Royalties are not taxed at 40%, the bonus money was though.
Royalties are taxed as ordinary income. So is the bonus.