We have been approached to purchase our OGM, with what it seems to be decent offer. Please advice other amounts people have been offered and/or accepted? We are located in Tioga County, PA.
We mostly likely will not sell the OGM, we are young and can wait for the potential royalties. Thanks!
Carl Ican just bought a huge share of stock in Cheniere and is looking to be on the board and pump the company......
5 yr/ $2Kper acre + 5yr extension for $2500. Be careful though, there is much more to your contract than $$$$ up front. The latest lease offers have had a boatload of deductions, along with tricky wording that could cost you down the road. Have a lawyer or someone knowledgeable in O&G leaes advise you.
The original Post said this, "We have been approached to purchase our OGM, with what it seems to be decent offer. Please advice other amounts people have been offered and/or accepted? We are located in Tioga County, PA". --- NOT Lease
Josie, please take note of the $$$ amts. I quoted on Aug. 3rd. Those are actual boots to the ground #'s folks have been offered by buyers. Companies who are unwilling to raise their production numbers currently due to market prices, know the day is coming when they wish they had more acreage corralled. The public hears deflated market, making some willing to sell thinking it's the best they can do. Hence BUYING prices are low.
What are your thoughts?