New in the game

I found out my grandfather has oil, gas, & mineral rights for 54 acres in Salem Township.  We filed a Preservation Notice in Monroe county.  I'm not sure what the next step is to see if there is any interest in leasing.  Do we wait to be contacted or should we initiate contact?  Any advice is greatly appreciated.  Thank you.

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Permalink Reply by Elnathan Cory on December 27, 2012 at 4:51pm

Check with the neighbors and see who they may have signed with. Good luck.

Permalink Reply by Kurt Goebel on December 27, 2012 at 5:20pm

I actually live in Illinois, so I don't know anyone in the area.

Permalink Reply by Oliver Perry on December 28, 2012 at 1:25am

In some counties, deed records are accessible on-line and you could check to see if surrounding parcels are leased and who they leased with. Good luck.. 

Permalink Reply by Erin N on December 28, 2012 at 2:54am

Kurt, try contacting Linda Bartley at 517-899-1764.  She works for Western Land Services, who does leasing for Hilcorp.  I do not know what type of activity is going on around Salem, but she will be able to tell you if they're interested in your property, and what they are willing to offer. I leased through them and have received my bonus payment, so I can vouch that they uphold their end of the deal.

You can also try http://www.buckeyelandholdings.com/.  I cannot vouch for them, but I know that they will negotiate on your behalf and take a cut.  I think the idea is that they will get you more per acre on the bonus than you would get if you dealt yourself, and then take their cut. 

Best of luck!

Permalink Reply by Kurt Goebel on December 28, 2012 at 3:32am
Thanks for the information. Now I have a place to start.
Permalink Reply by Elnathan Cory on December 28, 2012 at 5:07pm

You should be able to get at least $3000 ac 17% signiing bonus in that area.

Permalink Reply by Kurt Goebel on December 29, 2012 at 7:27am

You all have been a big help.  Thank you very much.

 

Kurt

Permalink Reply by Donald Dixon on January 3, 2013 at 10:21am

Stay away. Educate yourself to the problems with fracing for gas on your property. You can't drink money. Contact a lawyer.

Permalink Reply by Jack Straw on January 3, 2013 at 12:09pm

Troll alert!

RE: "Contact a lawyer."

Educate yourself, my attorney tells me that fracing is the best thing to happen in America's rust-belt during his lifetime.

Money in the pockets of people who truly need it.

Less dependance upon foreign energy.

Clean Green Natural Gas displacing Coal for electricity generation - removing Sulphur, Mercury and particulate matter from our air and water. Reduction in acid rain.

Clean Green Compressed Natural Gas beginning to displace polluting Gasoline and Diesel as a transportation fuel.

Good jobs for the sons and daughters of the land; no need to leave in order to live.

Resurgance in industry, bringing jobs back from China.

New tax revenues to State, County and Local Governments - taxes that will repair aging infrastructure, help educate our children and assist the elderly and indigent.

Cheap Clean Green Natural Gas, heating and powering our homes, powering our industry, cleaning the air we breathe - and these are only a few of the benefits that keep rolling in.

 

JS

Permalink Reply by MJ on January 3, 2013 at 12:46pm

ODNR is a good

Permalink Reply by Harry E. Rose on January 17, 2013 at 3:02pm

Great article, Jack.

Permalink Reply by Linda sheirer on January 15, 2013 at 12:42pm

I also live in salem township.  a few months back a rep from Shell came around the neighborhood  signing up land leases.

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