"I am selling my mineral rights for $3400 per acre in Clearfield County. Need the cash to send my daughter to school. Let me know if you want to buy up to 10 acres from a 50 acre parcel. "
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Minerals/royalty buyers
31 Replies
Has anyone been approached by mineral and royalty buyers? And, if so what are the prices offered for each respective area? I am considering selling due to my age and any information would be helpful.…Continue
Started this discussion. Last reply by James T Monyak Mar 6.
Real estate taxes on minerals
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I received about 40 tax bills, for oil and gas minerals only, for real estate I sold many years ago, but reserved the minerals. Each acre has a tax value of $200.00 even though I have not even leased…Continue
Started this discussion. Last reply by Janice L. Hancharick Mar 4.
Election
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This week a Senator revealed a new EPA set of regulations which include the study of "fracking" in the Utica, Marcellus, and other shale formations around the country. Coal is not the only mineral…Continue
Started this discussion. Last reply by Robin Hood Nov 8, 2012.
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Dana Lang replied to hunter4440's discussion 'Minerals/royalty buyers'"Yeah, the contract reads-no surface minerals,including coal,sand and gravel,bluestone.But he said the surface use(if it comes to that) would come under the same 'rules' as is written in the contract with the shallow well company Cap…"
Dana Lang replied to hunter4440's discussion 'Minerals/royalty buyers'"I'm in Mercer Co. Pa. ,and own 59 acres HBP. I think I'm selling 29 acres min.rights to Bounty at $4,000. per. and keeping the other half to hedge my bets when and if a well hits close by. How does that sound to you all ?"
"I specifically asked the rep from Bounty if the coal minerals were included in their offer, and he stated that they were only interested in the oil and gas minerals."
"I was considering an offer to buy my gas/oil mineral rights on just a portion of my 122 acres. The whole 122 acres is HBP by one producing gas well, an old clinton lease. This lease grants me unlimited gas for my…"
"Just so I understand then, your $5K -$7k per acre is for over riding royalty , but at what percentage? Is it the usual 1/8 we landowners use to get? Had not heard of anyone getting $10k/acre for anything..that would be good news."
Janice L. Hancharick replied to hunter4440's discussion 'Real estate taxes on minerals'"The state realized a fair tax rate couldn't be established on an unknown entity, and when the big profits were gone in the shallow oil & gas fields, what was left? That was the "unknown" . For a few decades after the…"
Jeffrey L kerr replied to hunter4440's discussion 'Real estate taxes on minerals'"we pay a coal tax on our coal even tho we still own it think the reason is my grama family owns half of it and they sold it yrs ago. don't think its right but what can we do PA. law is f-up"
Denver Gallentine replied to hunter4440's discussion 'Real estate taxes on minerals'"Thanks Nancy. Yours & Pete's explanations cleared it up. This is a good site."
Denver Gallentine replied to hunter4440's discussion 'Real estate taxes on minerals'"Thanks Pete. That makes sense. We also have the land in Ohio that we own the land and mineral rights. Columbus ( Gov. and Leg.) are planning to add an additional 4% tax on all leased land or on the profits incurred when oil/gas is removed. They are…"
Ron Hale replied to hunter4440's discussion 'Real estate taxes on minerals'"Skid,
If you are using the land you have in WV for farming, it looks like the information below says "as long as the natural resource income doesn't exceed the farm income, the natural resources are not taxed".
I found this…"
PETE replied to hunter4440's discussion 'Real estate taxes on minerals'"THEY BASE THE TAX ON THE AMOUNT OF ROYALTY YOU RECEIVE AND IT RUNS 2 YEARS BEHIND(IE 2013 TAX IS BASED ON 2011 PRODUCTION) fOR EXAMPLE A 125000 ROYALTY WILL GET YOU A 500000 VALUATION OR A TAX OF AROUND 8000--THIS IS OF COURSE ON TOP OF THE FEDERAL…"
Nancy Mosley replied to hunter4440's discussion 'Real estate taxes on minerals'"The assessed value is multiplied by the tax rate to get the tax owed. In the West Virginia county where my oil and gas interests are taxed, for a property assessed at the minimum of $200, the tax, for the year, is $2.18 if paid by a certain…"
Nancy Mosley replied to hunter4440's discussion 'Real estate taxes on minerals'"Yes, very big difference. You're right."
"$6000 per acre, Monroe twn, Harrison cty, HBP so they get the 1/8th."
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- Networking, Learning
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- Ohio
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- Marcellus, Utica
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- Only what I have read. No wells at this point.
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- At 1:16pm on December 21, 2012, Denver Gallentine said…
- "Hunter"I am sending you a wish of a Merry Christmas and Happy Holidays. I hope the New Year brings you many wells and huge royalties! - Denver
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