Held By Production ...options?

Question.........

We are already tied up and not able to do a lease with a new company because we are/have been with a company for years which makes us 'held by production'.

My question is this...a man stopped by offering to purchase our mineral rights at 2500.00 an acre. He also mentioned that we can include however many acres we want, that we wouldn't have to do all of our land.

This is the first time that we have been approached about selling our actual mineral rights since we are held by production. Is this something that everyone else is now being asked and is everyone also being offered 2500.00 an acre or  ???

I would appreciate any information on this.

Thank you.....

We are in Guernsey County, Spencer township.

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Replies to This Discussion

Permalink Reply by Dawn Blake on October 31, 2012 at 2:38pm

You are meaning for a lease right?  Or are you meaning for mineral rights to be bought by someone ??

Permalink Reply by JD on October 31, 2012 at 3:17pm

for lease (sorry I should have mentioned that).  You might want to contact SEOLA about your situation .. they are very knowledgeable.   http://seohiolandowners.org/about_us.aspx

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