We have been approached to purchase our OGM, with what it seems to be decent offer. Please advice other amounts people have been offered and/or accepted? We are located in Tioga County, PA.
We mostly likely will not sell the OGM, we are young and can wait for the potential royalties. Thanks!
been offered 4,000 in Wetzel county west Virginia .......and I laughed at them of course we are setting on a triple play here and possible a 4th play in the rome trough......Marcellus upper Devonian and Utica for sure and who knows whats below all of that
alotta money to made in all three states.....we have only just begun......more energy here then in Saudi arabia
Hopefuly four States ,KY.
Young folks often want a great life, a new home and a new car RIGHT NOW. But many things can go wrong while trying to acquire these things. It is better to buckle down while you are younger and learn that life can change in an instant. And put you into a hole that will cost you only a lifetime of misery.
Having said that, if you have mineral rights such as you say and someone else want to buy them outright, best to say NO! You just might be sitting on a fortune that you are not aware of right now. And that income from royalties could very well make life much happier and less stressful in your later years.
But it is your choice to make.....Don't squander today's money and do not allow other folks to rob you of your oil and gas rights.
Good morning Joseph
I am 80 plus years old myself. I worked hard but made little money. But I have had a very rich life in other respects. I own property taken up by my great grandfather about two hundred years ago. It has been a struggle to hang on to it thru the entire two hundred years. My Will states that I am to be cremated and ashes to be scattered around this property. In effect, I will still be here for a good long time to come!
I am not about to allow someone who has never done a lick of work or struggled to make a living from this little bit of earth to just give away the real value to outsiders! My son and grandson should benefit in years to come knowing that their forebears have had the foresight hang on and pass it down to them.
Thank you Debra for you kind comment. Many of us have roots that go deeply in the property that was taken up so many years ago. My own roots go back five generations. The earliest grandparent was the first permanent settler in my particular area. He built an Inn for early westward travelers about 1.5 miles from where I sit. My father was born in that Inn about 1905. And it is now a private home. My father's own grandfather bought the property where I live today. I also have several deeds, one of which is the one from the Bingham estate to my family.
I honor the respect given to your pioneering ancestors and their descendants, Mr. Ladd !! May you and your children live to see the fruits of their and your patience and perseverance.....