"It’s funny the “don’t sell” crowd seems to be guys that are still waiting for something to happen.
Selling or holding is a personal decision, sometimes not rolling the dice and taking on development and commodity price risk…"
James booth's Discussions
Selling my rights
Started this discussion. Last reply by Jeffrey Beunier Jul 27, 2023. 26 Replies 1 Like
They want to buy my oil and gas rights in tusc. County Ohio. And pay me one lump for it all. Should I do it because I don’t there now ?Continue
Seeco Royalty Class Action Is Certified
Started Nov 11, 2014 0 Replies 0 Likes
A class action has been certified in a case against Seeco,Desoto gathering and Southwestern midstream services company for improper royalty deductions. The class consists of All residents of the…Continue
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"its a TOTAL CRAP SHOOT.. Just because you get leased doesn't mean you get drilled.. many time tho.. the Vultures find out where the pads are going and try to buy you out early.. but.. many times that 1240 acre, 620 or 310 acre block…"
maria & henry russo replied to James booth's discussion 'Selling my rights'"Don't sell . Does anyone know if shale is gonna come back to mercer county pa? Like they did a 10 yrs ago ? They sure laid out alot if money then nothing happenend"
Dott replied to James booth's discussion 'Selling my rights'"EAP is forming Units in Southeast Tusc. Things are starting to happen. When O & G companies begins to lease people the companies that buy minerals begin sending out their letters to purchase because they do know something."
William Constantine replied to James booth's discussion 'Selling my rights'"I would hang onto it. They know something we don’t. Why would they be so interested in buy off every ones rights? I have had two gas leases here in Tioga county, PA. I hear they will be drilling deeper for oil. No royalties paid to me yet. But…"
"$3000 an acre is not out of the realm of possibility - depending on the location and royalty terms, that could be low. I know of acreage that sold for more than twice that price.
regards
Jeff"
Stan Henry replied to James booth's discussion 'Selling my rights'"James , I would liKe to keep in touch. I also no longer live in Tusc Co. and received an offer of $3000/ acre to purchase rights.
Wondering if it's a scam or there is a truly going to be drilling.
Stan Henry from Union Tshp."
James booth replied to James booth's discussion 'Selling my rights'"It’s just hard to know what to do. When you get older you would like to see something take place. But they won’t say anything. And it is hard to find anything out. So I will just wait and see what happens I guess. Jim"
jett replied to James booth's discussion 'Selling my rights'"Ours tapered a little faster than that but it’s still a nice amount every month. With multiple acres it adds up. Sometimes it will bounce up a bit. A very few months we didn’t receive any. We have taken the attitude that this is not a…"
Jeff Kerr replied to James booth's discussion 'Selling my rights'"depends on your age and your needs Keeping the rights will most of the time will give you more money over the long haul and selling will give you a good chunk now.I kept mine for my children "
David Cain replied to James booth's discussion 'Selling my rights'"Jett,
Based on things I have heard and read it sounds like the average royalty for year 2 would be about half of the royalty received in year 1. Then year 3 is about half of what occurs in year 2. After 4-5 years it sounds…"
jett replied to James booth's discussion 'Selling my rights'"Just want to clarify, it does drop quite a bit after those first several months but it continues to be a nice addition to my income"
David Cain replied to James booth's discussion 'Selling my rights'"Jett,
Thank you for sharing. I really appreciate hearing from a person that has firsthand information like yourself. I got to tell you that number sounds really good. I will be ecstatic if I see similar results if/when that day ever comes for…"
jett replied to James booth's discussion 'Selling my rights'"Disclaimer ahead: everyone’s experience is different
Just giving a general guess, nothing to count on - first few months 2000/month/acre. after that it does seem to drop but still something nice every month for years. Could Shut in and…"
David Cain replied to James booth's discussion 'Selling my rights'"Deutchen,
Thanks for your perspective. I have seen what you are describing on the ODNR well site viewer. Some pretty large chunks of land that are surrounded by wells and the acreage, while large, isn’t large enough for a new unit to be…"
David Cain replied to James booth's discussion 'Selling my rights'"Jeffrey,
My acreage is in southeastern guernsey county in Millwood township. I know there are a lot of factors at play but I am just looking for a ball park estimate. Over the years I have heard anywhere from $300 to $3,000 per acre per month…"
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- Introduce Yourself
- I am a mineral owner in tusc. County ohio
- What is your role?
- Landowner
- Which state(s) are you following?
- Ohio
- What shale plays do you follow?
- Utica
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