"40 acres, 5 bedroom, 3.5 bath, pool, spa, basketball/tennis court, barns, pond, in planned production unit with Shell, Sullivan township Tioga County. 100% OMG transfers with right offer... serious inquiries only. "
"It sounds like the OP is already in a unit (40/530), so the lease is a done deal. My suggestion is to talk to several local realtors, Is it important to sell the property asap or could you wait a while? Has Shell gotten a permit(s) for the unit yet…"
"I don't know if anyone would be willing to pay what OMG rights could potentially be worth. And no one really knows, as Nate says. I'd keep the OMG rights. You might try to get some kind of non-surface agreement from Shell to protect any…"
"Hi Bungy, My two cents is this: There are a lot of unknowns about what is in the ground in Tioga County as far as GAS. But my guess is that over the years we will learn that there are at least 3 major gas plays in Tioga with the Marcellus being just…"
We are relocating to NC for job and we need to decide if we sell our house with or without OMG rights. We are 40 acres of a 530 acre gas plot with Shell in Sullivan Township. House value of $350K a few years ago. What is a fair price for OMG rights, and if you were me, would you sell or keep them? thanks,Bungy RoadSee More
What makes this site so great? Well, I think it's the fact that, quite frankly, we all have a lot at stake in this thing they call shale. But beyond that, this site is made up of individuals who have worked hard for that little yard we call home. Or, that farm on which blood, sweat and tears have fallen.[ Read More ]