$15,000 per acre
was told today buy a friend of mine that someone he knows is selling 40 acres of mineral rights in Harrison county (clendening lake area) for 15000 an acre for an old 12,5% lease. anyone heard offers like this?
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Permalink Reply by The Rooster on
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Bill
could you explain your last reply a little more.
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Permalink Reply by Bill Barnaby on
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People are not buying mineral rights to give their money away. People are buying them to MAKE money. The odds of them making money are higher than losing, otherwise it's a gamble at best.
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Permalink Reply by The Rooster on
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Bill, where is your land located and have you heard any offers that you know are legit?
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Belmont county in the dry gas window $7500 with the worst lease possible, dry gas acres do not sell for as much as the OIL does.
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Permalink Reply by mary ellen on
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Who is paying 23500/acre in the Harrison County area?
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Permalink Reply by The Rooster on
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Mary, I think a lot of people are starting rumors of offers that are simply not happening yet. I started this discussion hoping to hear from people who had got offers directly quoted to them or someone they were close to and trusted.
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I have not heard 23.5k per acre yet myself.
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Permalink Reply by The Rooster on
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To buy minerals? How many acres and what was there royalty %
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Permalink Reply by scott peterson on
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19,500 guernsey/millwood 20% true gross lease
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Permalink Reply by mary ellen on
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Who is that with?
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