Approached to sell royalties

New to this site. Has Anyone sold their royalties? If so how much did you receive. We have been approached by a company wanting to purchase some of our interest . We own property in western guernsey and western noble counties. We are strongly considering selling a portion. Any input would be appreciated.

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0i7okn54zwbdoPermalink Reply by 0i7okn54zwbdo on July 3, 2012 at 8:51am

What county are you located in?  There is a big price difference throughout the play.

Permalink Reply by hopeforoil on July 3, 2012 at 9:22am
Hi Marcus. I have property spread out in a few counties. Western guernsey, western noble, and western Harrison are where I'm considering selling a portion of my royalty interest.
Permalink Reply by Tony Rox on July 5, 2012 at 3:09pm

My friend, I suggest consulting a landgroup before joining one.
We will agree to disagree on this.
But, I am in the industry, so it may be a slightly biased p.o.v.
If anyone is interested in MY advice (i recommend seeking several answers from several sources) - send me private message....

Permalink Reply by MKMC on July 8, 2012 at 12:00pm

But please do not pay them 150.00 an acre of your bonus and a percentage of your royalties for the next five years for their advice for the simple reason it will be the same advice they have given to others in your area and have charged them for.   Some of the attorneys in these areas have gotten completely out of control on this stuff and are getting rich off of your land that they really have no stake in.  If my attorney wants to give me an opinion for what I have asked him to look at and he says okay and charges me a thousand dollars to do so then that is fair if he says to me I want part of whatever you get for the next 5- 20 years I THINK NOT!!.     As far as a group goes be careful I have seen the higher ups in a group take total advantage of their neighbors and not think twice about it. 

Bottom line is it's your property and make your decisions based on what you are comfortable with not all land agents are the same most of us treat people like we want treated and are very knowledgeable of the oil and gas industry.  Please ask questions that is what we are here for and if the agent is not answering your questions be frank and ask for another agent.  

Permalink Reply by Linda A on July 8, 2012 at 12:50pm

good advice, MKMC - paying a professional/lawyer for advice is a good thing - sharing bonus and/or royalties is not.  Some attorneys would not give it a second thought, however.

Permalink Reply by MKMC on July 5, 2012 at 4:42pm

I would strongly recommend against selling any interest regarding your royalties.  

Permalink Reply by hopeforoil on July 5, 2012 at 8:09pm
I was brought up to believe that at the right price everything is for sale. I'm treating my royalty interest the same way
Permalink Reply by MKMC on July 6, 2012 at 8:38am

Were you approached to lease your minerals with a company?    Or are we talking about after you leased with a company another company offered to buy your royalty interest?

Permalink Reply by hopeforoil on July 6, 2012 at 8:54am
My minerals are under lease. A different company is offering to purchase royalty.
Permalink Reply by Sharon on July 6, 2012 at 9:30am

What company would this be?? My minerals are also under lease, but thinking of complete sale out

Permalink Reply by Tony Rox on July 6, 2012 at 12:29pm

Sharon, please request friendship with me.
This is what I do.
But, I will galdly give you honest free advice and insight into your situation. Will make no offer unless you want one.

As much as everyone here is saying that there is a simple formula.... it's really not that easy. I mean there is, but there are a lot of variables. So, each situation is different.

If you want free advice - hit me up.

If you have any questions, please look up my past posts to get a feel of who I am!

Thanks!

 

Permalink Reply by MKMC on July 6, 2012 at 9:49am

You should hold on to your minerals statistics say that for every acre of ground that you own the minerals on you can expect 1,000,000.00 per acre over the lifetime of the well or wells.   The company that has made you the offer already knows this thus the offer.    Your royalties if something should happen to you go to your heirs of the estate so when making this decision you are also making it for them and their heirs also.

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