Monroe county mineral rights

Can anyone tell me a fair realistic price per acre in Monroe County, Ohio. We only have 10 acres and we were offered 7000.00 an acre. I live out of town so I have no contact with what is going on there. I just want to protect my family. Thanks for all your help.

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Permalink Reply by Sam Moore on April 4, 2014 at 5:10am

Is it leased?  If so royalty % years left on the lease?  Which township?

Permalink Reply by Silver Dollar on April 5, 2014 at 2:10am

Are you selling or leasing?

Permalink Reply by Teej on April 5, 2014 at 2:18am
This property is in Sunsbury township. It is not yet leased. I am just curious about the offer we have been given and how it compares to others.
Permalink Reply by Mark McGrail on April 5, 2014 at 3:03am

Teej,

Is it an offer to lease the mineral rights or an offer to purchase the mineral rights ?

If it's an offer to buy I think it's to low.

Permalink Reply by Teej on April 5, 2014 at 5:42am
It is an offer to lease. 5 year contract. I really appreciate you input. Trying to sort through all this is so confusing.
Permalink Reply by shesrushmore on April 5, 2014 at 3:12am
Sunsbury unleased is around $9,000 per net mineral acre
Permalink Reply by Puzzled on April 5, 2014 at 10:11am

Does anyone know what a fair mineral lease bonus would be in jackson township monroe county ohio...property is currently unleased

Permalink Reply by searcherone on April 5, 2014 at 2:23pm

Puzzled,

A company that visited me in September was offering 5,000 per acre and two weeks ago same company was offering 7,000 per acre and this is Jackson Twp  prices.  Remember the riverfront townships have at least three formations that companies are interested in.  So even 7,000 per acre is on the cheap side.   No wells currently being drilled in Jackson Twp.

Permalink Reply by Teej on April 6, 2014 at 3:20pm
Thanks so much for the information.
Permalink Reply by Money Bags on April 8, 2014 at 2:00am
Teej, I live in Sunsbury, Some people only got 1500 an acre in the early stages and were happy with 1/8 th ( 12 1/2%) royalty. A lot of people held out and negotiated for 5000 to 6000 an acre plus 17 / 20 %. Some recieved higher. Your offer is in that range. However, you might want to consider that your not leased land might be more valuable , especialy if its holding up production!!
My Opinion, good luck

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