Replies to This Discussion

Permalink Reply by mark o on December 18, 2012 at 7:45am

got same offer from bounty.   turned it down.

Permalink Reply by Ronald R. Nesbitt on December 29, 2012 at 6:31pm

Got an offer from Energy Deep Resources some time ago.Don't plan on doing anything with it. According to what I read things aren't looking too good with the "royalty payments",

Permalink Reply by Nancy LeNau on December 30, 2012 at 3:10pm

I received the same offer from Bounty, and also turned it down. (78 acres)

Permalink Reply by Nancy LeNau on December 31, 2012 at 3:35pm

Received a phone call today from a company inTexas.  They offered $3,000.00 per acre to buy my Royaltys.   Two weeks ago we were offered $150,000.00 for our 78 acres.  I declined both offers. Our Tax bills arrived today from both our properties........  Sure  hope I did the right thing.  Wish, I could look into the Future !  Looking forward to hearing what the McMasters Well in Georgetown comes up with.  Shippingport  Nuc. Plant and our water still worries me because of our farm animals. God Bless all these people and animals....Sending the Very Best to Everyone in 2013 !   This is all very exciting but worrysome too. Thank you ALL for your wonderful advice !

Permalink Reply by mkf on January 1, 2013 at 12:41am

I know the feeling.  The sort of good news is that they think they'll make more than what they're giving you on the royalties or they wouldn't do it.  In all likelihood, they think they'll make a LOT more.  Of course, they could be wrong, so I worry too.

Permalink Reply by Roger Pyle on January 1, 2013 at 7:44am

Not trying to be nosey, but what are you (and others here) holding out for?  Why didn't you like their offer?

Permalink Reply by Kriste Sayel on January 1, 2013 at 9:33am

Those are lowball offers made by predatory investment groups who hope to profit off of people's need for cash. They used to come around - years ago - with a couple hundred dollar bills and wave them at country folks who'd never seen that much cash in their lives. Dollar an acre for your coal, dollar an acre for your oil. Selling all your mineral rights is never a smart thing to do. I know people who sold half for about $6,000/acre. Remember, this is not a lease, this is outright selling your mineral rights for a one-time payment, and after that, you have nothing, you don't own what's under your land, you get NO future royalties, no future lease money, and your property is worth less because the minerals don't come with it if you sell!

Permalink Reply by Roger Pyle on January 1, 2013 at 10:22am

But it was for 1/2 the rights, so you'd still get half the royalties, etc.

I guess I look at it like "Let's make a deal" where $150,000 is better than nothing at all, unless there are competing offers that are better...are there?

Permalink Reply by Frank Nesmith on January 1, 2013 at 10:29pm

If it were me, I'd sell them. I see too much uncertainty in the natural gas future with water consumption and new environmental regs. A bird in the hand..... think about it.

Permalink Reply by Kriste Sayel on January 2, 2013 at 8:27am

they can do better than $150K for half, I guess that's just how I feel about it, no harm in negotiating for a better price

Permalink Reply by Trapper on January 1, 2013 at 11:31am

I don't want to get anyone's hopes up.....But. I have seen this scenario unfold here on GMS before and the fact that these folks want your mineral rights and / or a share of your royalties is likely a strong indicator that you are getting close to being put in a unit and produced. Look up gms member Little Cougar and read some of her postings. She had this experience over a year ago.

Directional horizontal drilling combined with fracking has opened up a whole new frontier in gas and oil production here and don't let yourself get too hung up on just Marcellus or Utica , there appears to be many more strata capable of producing alot of gas , oil , and  liquids.

Call me an optimist but I would be in no big hurry to sell out and make some investor richer.............at your expense!

Permalink Reply by mkf on January 1, 2013 at 11:12pm

In trying to look up Little Cougar, something triggered this thought.  If you get an offer like this and you thing you might be interested, make a counter offer.  Offer to let them buy 1% of royalties for the amount they're offering for the whole thing.  That way you'd have your bird in hand and still have most of your royalties.  What do you think?

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