Would you sell your property with minerals for $15,000.00 / ac.

I advertised some of my property in the Oklahoma City newspaper, targeting Chesapeake brass and i have had 5 calls in two days.  I threw that figure out two a couple guys and both asked for me to send a legal description of the propery.  what do you think ???  to cheap ????

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Permalink Reply by Rob Rotz on March 8, 2012 at 2:31am

i agree with you 100%,  it is a business, a big business.  There are some very deep pockets in this industry.  i want to cash in some chips but still stay in the game.

Permalink Reply by Rob Rotz on March 8, 2012 at 9:46am

Paul,

we do need a group for that.  i have a guy , a well to do friend of mine who wants 100 ac. of my rights only, not interested in the property.  at the right price it could pay off my whole life and then some.  What is an honest price for these damn things.....  3k   5k   10k   ???????????  somebody help 

Permalink Reply by Paul Martinelli on March 8, 2012 at 9:59am

Hey man...I whish I new....but at 15K  I be a seller.

Permalink Reply by Finnbear on March 8, 2012 at 2:21am

Mossy Oak

As I have stated before, I have acreage available in the wet gas zone. If the price is right, your investors can send a check. Keep in touch

Permalink Reply by Rob Rotz on March 8, 2012 at 2:32am

Brian,

im the guy in quaker, you came to my house. i will give you a call.

Permalink Reply by SBRW on March 8, 2012 at 2:57am

15k and acre I wouldn't sell my property.  It just appraised at 20k/acre.  I would however entertain 25k and acre with all mineral rights etc....  plus their is some other things structure wise on the property that a gas company would love.  Anyone interested let me know, wet gas with plenty of room to keep you rigs, equipment etc... indoors. 

Permalink Reply by Kathleen on March 8, 2012 at 4:33am

Shoot I would love to get in a group to buy minerals since that 100% off sets the taxes since it's trading back into how you go the money. I forget the actual IRS code but it's easy to find if anyone looks.  I heard of people talking about doing this but as usual nothing pans out.  Lots of talk and no money on the table.

I was in the columbus area last Nov and they did not know about the oil and anyone I talked to told me I was wrong and the only people that make money is the ones with a pad.  I tried telling them.  I was hoping to buy land west of us but East of Columbus but since then this O/G is known area wide.

Kath

Permalink Reply by Mike Filer on March 8, 2012 at 7:01am

I would take $4000.00 a acre or our 89 acre farm

Permalink Reply by matt on March 8, 2012 at 7:47am

out of curiosity mike what county is your farm in?

Permalink Reply by Mike Filer on March 8, 2012 at 7:59am

potter co PA

Permalink Reply by Frank Walker on March 8, 2012 at 9:40am

The land is already leased.  Right??

Permalink Reply by Mike Filer on March 8, 2012 at 2:53pm

No, we did not release last summer.

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