Have offers to buy mineral rights stopped?

I don't know about anyone else but it seems all offers to buy my minerals have stopped. I was getting at least one offer a week to buy my minerals here in Wills Township in Guernsey County. But I have had none in the last month and a half... What's going on? Has anyone else experienced the same. I know oil prices are down but it seems that the mineral rights are still a valuable commodity. Are they running out of money or what? 

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Permalink Reply by Mark Patrick on September 11, 2015 at 10:07am

I am not held by production as there is nothing being produced.My contract limits them to 18 months shut in at which the time I am free to deal with other companies to re-lease if any are interested.The big question is what happens to the unit I am in and where is the current line located as to my property.There is no pipelines to take the gas as of yet and looks to be about 1-2 years before there is one.I have a pretty good royalty percentage and will not sign a new contract for less if offered.

Mike MurphyPermalink Reply by Mike Murphy on September 11, 2015 at 11:10am

Mark good luck fighting to be released from your present lease when they have already drilled you ......you will be in court for many years and spend abunch of money on lawyers......the release of your lease will not be automatic it will take a fight

Permalink Reply by john on September 14, 2015 at 4:18am

mY LEASE WAS RENEWED AT 1/6 THE AMOUNT WE RCVD 5 YRS AGO, DESPITE

CONTRACTUALLY WAS TO BE SAME PRICE.  TAKE IT OR LEAVE IT.

THE BLOOM IS OFF THE GAS /OIL ROSE FOR IMMEDIATE FUTURE.

Permalink Reply by lance on September 14, 2015 at 6:20am

Hi John who did you sign with 5 years ago?

Permalink Reply by john on September 14, 2015 at 6:35am

CHEF, BUT THEY SOLD THE LEASE TO EXCO

Permalink Reply by lance on September 14, 2015 at 6:39am

Are you in Ohio?

Permalink Reply by Laura on September 15, 2015 at 2:37am
check out the guernsey county recorder office for mineral deeds recorded over the last several months, with a little math on the conveyance fee, you will see what minerals are selling for in wills/Oxford twp. The conveyance fee is $4.00 per thousand of the total sale price
Permalink Reply by lance on September 15, 2015 at 2:44am

Hi Laura, have you checked on that yourself yet? Can you tell me what you've found out? I have a hard time getting down there before they close.. Thanks

Permalink Reply by Jason Cooper on October 5, 2015 at 11:36pm

Just remember that the per-acre price will vary based on leasehold status, royalty percentage and other lease terms, development state, current cash flow, etc.  Just because you are seeing some mineral rights going for $6500/acre in your township, it doesn't mean that all mineral owners can expect the same.  It really does depend a lot on the specifics of your tract.

Permalink Reply by justme1 on October 5, 2015 at 11:06am

I had an offer in June for $5000/acre that I turned down---JRS Land Co.... Today on the phone from another company I had an offer for about $7800/acre, I forget the name but it was also three letters and I believe they were in Pennsylvania. I get letters from some others in TX...Dorado Minerals (?) and one other place that I throw away. Belmont Co., OH/Leased land...less than 10 acres.

Permalink Reply by scott peterson on October 5, 2015 at 11:36am

Gross or net lease terms?

Permalink Reply by justme1 on October 5, 2015 at 11:59am

I don't know. I didn't get into detail with him but they are supposed to mail me something. I have no serious interest in doing this but want to see what they say.

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