$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?

Views: 13947

▶ Reply to This

Replies to This Discussion

Permalink Reply by evan on April 10, 2014 at 8:40pm
When are you pulling the trigger on all this Scott.
Permalink Reply by scott peterson on April 10, 2014 at 8:43pm

Want to wait & see what the Q4 reports show & where offers go from there...then decide. Am content with the activity in my area to wait it out too so no real pressure either way. 

Permalink Reply by Jacob Fewx on April 10, 2014 at 11:28pm
I have been working with a guy that is kinda like a broker but not really a broker but an investment fund manager. He brokers the deal and then then pool the properties into a mutual fund type stock option. So yes it is possible option number three and that's what he suggested to me so it must be being done. Where you simple say,"you buy in at 25% of 100 acres at 6k an acre (600,000x.25=150,000) for just the current well pad at marcellus but after returns of 600k then all future returns are split 50/50." If the well then pays out at 1 mil in first year then you get a 200k bonus. It allows them to pay you a little less an acre but hedges you if the well is a gusher then you still get some after a certain profit margin is reached for the investor. The added bonus with the percentage sale is that if it goes to an investment firm they will be auditing the production with their audit team and you get the report too. No need for you to have to audit the production if you think your getting screwed.
Permalink Reply by The Rooster on April 11, 2014 at 8:49am
If this truly is an option..it does not sound like a bad idea.
Permalink Reply by Chester Field on April 28, 2014 at 2:58pm

I presently have a lease with Seneca in Middlebury Twp however they have not done nothing and the lease runs out next year. Has anyone have any suggestions with this mineral rights sale as I am not too sure as to what exactly it means.

Permalink Reply by cindy west on April 29, 2014 at 11:53am

Have 5 acres in Marshall County with a producing Marcellus well. (avg $800-$900) month.  second year of proudction.  Utica is below.  Put up for sale with brokerage, highest offer is $46500. ($9300/acre)

Permalink Reply by Brian Delphia on April 29, 2014 at 12:07pm
With the production reports out and Harrison County having 6 out of the top 10 oil producers, looks like price per acre just went up!!!!

RSS

© 2024   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service