High offers to buy minerals

I have been hearing of companys offering $12000, $13000 even $15000/ acre to buy mineral rights. So far I haven't been able to find out who is making these offers. If you've received an offer in this range could you please tell me who made it? Thanks.

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046aqwyftq0soPermalink Reply by 046aqwyftq0so on January 6, 2015 at 11:51am

Dorado Petroleum is paying what Bounty and Flatiron were paying before they left the Utica. Its all situational though. 

Permalink Reply by David Rontal on January 6, 2015 at 11:55am

Bounty is still active in the Utica.  They were closing deals in Belmont in December.

046aqwyftq0soPermalink Reply by 046aqwyftq0so on January 6, 2015 at 11:57am

no money left. almost done. 

046aqwyftq0soPermalink Reply by 046aqwyftq0so on January 6, 2015 at 11:57am

Westhawk is done too. 

Permalink Reply by David Rontal on January 6, 2015 at 11:59am

That is my understanding as well.

046aqwyftq0soPermalink Reply by 046aqwyftq0so on January 6, 2015 at 12:02pm

I see the bounty stuff you're talking about. I'm honestly surprised. I havent talked to any broker or landowner that has heard from Bounty since mid 2014.

Permalink Reply by David Rontal on January 6, 2015 at 12:08pm

Sent you a friend request and private message.


David

Permalink Reply by br on January 26, 2015 at 2:42pm

br0818@yahoo.com

Permalink Reply by Dexter Green on January 7, 2015 at 10:57am

Westhawk was buying for GPOR.

Permalink Reply by Philip Brutz on January 6, 2015 at 12:06pm

Flatiron backed out of a deal with me and several other Guernsey county landowners last February.  They said that one of their big investors back out.  I guess saw the bubble getting ready to pop. 

Permalink Reply by Frank De Fede on January 7, 2015 at 10:31am

At what royalty rate would these companies be paying $150 per acre per day.  I have 28 in Harrison County, OH.

What is going on in Harrison County, Ohio?  It seems they are putting up well pads all around my property.  I am hoping they start to drill soon.  I have been offered 4k, 5k, and $6K an acre to buyout my minerals rights.  If I could get $15K- 20K per acres I would be tempted, but after speaking with my attorney he said they would make that money back in about 6 months.  If I hold out he said it would bring in huge amounts for at least 50 years.

Living in Florida now, and can't seem to get much information.

Permalink Reply by Dexter Green on January 7, 2015 at 10:55am

"f I hold out he said it would bring in huge amounts for at least 50 years."

That sounds like 45 years longer than reality.  The "huge amounts" are all front-loaded.  After that it's like owning a nice annuity, which I suppose is reason enough not to sell.

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