Have you received an offer to buy your minerals? What State/County/Township are you in?

I'm in Ohio/Noble/Marion and continue to receive offers.  14 so far by mail, and another arrived yesterday.  Post your information and I'll draw a map of "mineral interest".    Have your offers increased, remained constant, or stopped coming?  Just curious, and it might be fun.  Thanks.

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Permalink Reply by The Hiker on July 1, 2013 at 11:26am

Mike;   What townships in Carroll and Marshall is the acreage in?   Two great areas.   Thanks.

Mike MurphyPermalink Reply by Mike Murphy on July 1, 2013 at 9:24pm

ROSE TOWNSHIP CARROLL IN THE VOLITAL OIL WINDOW.....WHERE THE DRILLING FOR NOW IS ON HOLD.......A PAD WAS BUILT 13 MONTHS AGO RIGHT AFTER THE PERMIT WAS ISSUED BUT IT SETTING ON HOLD BY CHEASEPEAK AND NO OTHER DRILLING IS GOING ON ON THE WEST SIDE OF CARROLL OR EAST SIDE OF TUSCARWAS COUNTY....IN MARSHALL COUNTY ITS THE CHURCH DISTRICT I THINK NEAR BORETREE SOUTH OF CAMERON JUST EAST OF 250 AND AGAIN LITTLE ACTIVITY THERE RIGHT NOW LEASE IS 3 YEARS OLD ON IT  2 YEARS ON CARROLL

Permalink Reply by Theresa Kolk on July 1, 2013 at 11:02pm

Hiker, thank you for putting this together !

 

Permalink Reply by The Hiker on July 2, 2013 at 2:05am

Theresa:  You're certainly welcome, it was fun, and we got enough responses to draw the picture.   Although it's definitely not statistically representative, it does tell the story..... and there probably is a more high-tech method to display the information, but I'm an old cut-and-paste guy lol.

Permalink Reply by Theresa Kolk on July 2, 2013 at 12:12pm

I kind of like the "kiss" adage...Keep It Simple, Silly..   :)

Permalink Reply by al raptoria on July 8, 2013 at 7:39am

CHK is offering non-surface leases in the Guernsey-Harrison-Tuscarawas county area. Anyone know anything more? They are also planning on drilling two sites, already permitted, have pads down, one on 258  (Tusc or Harrison County)  and Dutch Valley property (G. Kimble) on Sandy Ridge SE (Perry Township? Tusc County).  Anyone leased between or near  those two sites?  

Permalink Reply by LW on July 8, 2013 at 8:14am

Newest offer just today- $4400 an acre  assuming 12.5% royalty.  They will adjust upward according to higher royalty.      Bradford County .  from Aracari Ventures.   What I found a little interesting is they verify your interest usually through your check stubs, so this is going out to those already getting royalties.  Can't imagine why anyone would be tempted if they are already getting royalties.

Permalink Reply by Richard Droske on July 16, 2013 at 9:14am

Royalties do shrink over time, obviously to 0 eventually. But I agree anyone with a producing property should be very very cautious.

 

From what I have discovered production is usually huge at start and drops precipitously in a surprisingly short time. Then levels off much lower and is reasonably steady for 15 or 20 years until it becomes economically unfeasible to continue.

 

So obviously there are many factors to consider.

 

But as far as rights go on a producing property my first instinct is to agree. If someone is willing to buy it is clearly worth more than they are willing to pay.

 

If property is not yet producing then it is only probabilistically worth more and the decision gets more complicated. 

 

IMHO though it is a very good bet that any producing property is worth more than any offer you get. The people making the offers have better info and aren't spending their money just to be nice.

Permalink Reply by scott peterson on July 16, 2013 at 9:34am

Good points Richard.

Permalink Reply by Richard Droske on July 16, 2013 at 6:58am

Seems high and what legitimate company has email @yahoo.com? I guess not out of complete reason for unleased but I would be very careful before I even responded. Be suspicious that it is just someone trying to measure your interest.

Or Anti-Fracker trying to get you to turn down reasonable offers (and doing a poor job)

 

Permalink Reply by Brian M on July 16, 2013 at 9:43am

That address is to World Gym in Bellaire..

Permalink Reply by Brian M on July 16, 2013 at 10:29am
So buckeye royalties is different from buckeye/keystone!!! Which company does this landman represent? Any ideas?

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