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Permalink Reply by rmc on July 15, 2013 at 7:55am

That's easy as much as you can get or as much as they are welling to pay.
Other words ask for about twice as much you think you could ever get or maybe ask for a monthly rental agreement of about 1000 thousand dollars an acre.

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Permalink Reply by Josh on July 15, 2013 at 11:32am

Todd,  I think you have received some good advice so far.  I know they say there is a price for everything, it boils down to how attached you are to your land are you?  It is so early still in this play, what else are they going to want?  On the other hand you have an opportunity to profit from this and most people will not get these types of situations.  Sounds like you have a slight edge against these big guys so use it to your advantage.  Good luck with all of this. 

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Permalink Reply by Tim Tarr on July 16, 2013 at 1:11am

I attached the BLM land value. In Harrison county it's $1818. I've seen 2 sales (MarkWest) in my county that went for 3X the BLM value. Keep in mind that's "out in the sticks" but near (~1000 feet) to a road. So the Bare bones price would be $6000 absolutely nothing less. I probably wouldn't even consider less than $20,000 but I'm not going to sell.

I would lease it tied to that  BLM Rent Schedule with their adjustments every so many years. With Hold Harmless, Reclamation and Ad Valorem Tax clauses. Plus any other concerns you or your Lawyer may have.

If you do sell keep your O&G and minerals rights. 

Attachments:

• Land value 2011-2015.pdf, 2.2 MB
• ROW_Final_Rule_FR_Notice.pdf, 562 KB

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