Would You Sell Your Land & Minerals? And If So How Much Would You Take?

My husband and I were approached by an invester to sell our land with the OGM rights. We are thinking about selling our land that is located in the WET UTICA region and has great geology. We would like to get the opionion of other land owners out there. If you were approached would you sell? And if you would sell what would the price per acre be?  Half of our acerage is leased and the other hald on a seperate parcel is not leased. It seems like if we do the math of the royalties over 30 years there is allot of money coming in. So do we sell? And If so what do we ask per acre? Thank You & God Bless =)

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Permalink Reply by Annien on August 17, 2012 at 8:02am

That happened to me!!!

Permalink Reply by Mossy Oak Properties on June 30, 2012 at 6:39pm

 If you sell your land with the mineral rights to an investment company, odds are you will see your surface tract back on the market for sale with a gas/oil reservation. Most investment companies looking for land and minerals usually only want one or the other but most of the time they have to buy both to get the one they really want.

 I own a real estate land brokerage here in Ohio. We have been involved in millions of dollars of real estate sales involving surface and minerals especially with the recent "land grab" here in Ohio. We represent both buyers and sellers. Something to think about is maybe asking them if they just want to purchase a portion of your acreage or a percentage of your OGM'S. That way you can keep some land and minerals for future speculation. Thats some now and hopefully some later!

 My advice would be to keep doing what you are doing. See whats happening in your area, talk to a professional about values and the most important thing, talk to the folks who will have to deal with your decision years down the road. Remember, land is forever. Several years back my grandfather sold a large portion of our family farm to the coal company which now has a producing Marcellus horizontal well underneath it! I often wonder what he would think about his decision today...

  If someone has approached you about buying your land with minerals, thats just one individual or company. Odds are you may be leaving some money on the table. What if it your acreage is marketed correctly and hundreds of folks knew it was for sale?  This is a good way to also get a "feel" for what top dollar may be for your acreage...

 I would beware of purchase contracts that appear to be "options to purchase" We have ran into a few companies passing these out to landowners and the buyers sometimes try to resell your acreage to other investors before they close with you. This can also tie up your property for quite some time. There is nothing wrong with buying and reselling real estate for profit as long as its done correctly. You should have your attorney review any offer you receive.

 You started a great discussion..... Good luck to you! 

Permalink Reply by DrWAVeSport Cd1 on July 2, 2012 at 6:42am

Fellow Shalers,

Please check out Sister Site gohaynesvilleshale.com and check out the Discussion titled:  "Minerals and Royalty:  Or What Did I Just Sell To That Guy?"  by GHShaler Dion Warr...Who is a frequent Professional Contributor to GHS and a great GHS Asset.   It is a great explanation of mineral acre vs. royalty acre.    Don't get cheated out of your minerals...  Read this to get some "beginning" info before you decide...

http://www.gohaynesvilleshale.com/profiles/blogs/minerals-and-royal...

Please note that this info is slanted a little toward Louisiana mineral owners...But it works for basic FYI info.

Good Luck to All of You GMShalers! 

DrWAveSport Cd1 7/2/2012

Permalink Reply by Annien on August 17, 2012 at 7:45am

I was just offered $4,000 acre in the super rich area Wash. cty PA

Permalink Reply by Christy Lee on April 13, 2013 at 9:17am
Is it possible to approach any gas companies and sell our mineral interest?
Permalink Reply by Denver Gallentine on April 13, 2013 at 10:28am
Christy, look into Bounty Minerals. You can google them. They have approached us to arrange the sell of mineral rights. They have just recently contacted my brother-in-law (family owned section) so I do not know details except price offer so you would need to check them out carefully. First question I plan to ask is what % they plan o take. It is @ least a start to get an idea of value and interest. I would also talk to neighbors to see if they have been contacted by anyone. Good luck and please let us know how things are going.
Denver
Permalink Reply by Christy Lee on April 13, 2013 at 10:30am
Thanks to Denver for you help!
Permalink Reply by Kathleen on April 13, 2013 at 1:07pm
There's also Gateway in Carrollton ohio.
Permalink Reply by Christy Lee on April 13, 2013 at 1:08pm
Thanks, Kathleen.
Permalink Reply by Barb Smith on June 18, 2015 at 11:14am

Look around, do your homework, and you will be rewarded

Permalink Reply by mark alters on June 18, 2015 at 12:48pm

I talked to bid my minerals today they said they think I can get about $4,000 per acre. I was hoping for a good bit more because I know at one point they were paying $3500 on a lease in certain areas.

Permalink Reply by Keith Mauck (Site Publisher) on June 19, 2015 at 2:55am

Did you sell mineral or royalty interests? Share your purchase price information anonymously and see what others received. You can help others like you in the community as they make important mineral sale decisions. All submissions presented anonymously.
http://gomarcellusshale.com/mineral-sales

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