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? 

Views: 8363

▶ Reply to This

Replies to This Discussion

Permalink Reply by lance on September 5, 2015 at 1:53am

Yep, if you don't get a release they keep your acreage indefinitely and will hold it under your old agreement.... As property value increases and things change they can use the old agreement to benefit themselves basically low ball you....  

Permalink Reply by B. Jones on September 5, 2015 at 1:55am

Thank you so much for the valuable information.  I will talk to the agent on Tuesday.  Barb

Permalink Reply by LERRET on September 5, 2015 at 1:56pm

Correct. A release is a good thing to have.

Recovery from this market may be years away....but eventually it recovers. Don't let them sweat you out.

Permalink Reply by scott peterson on September 14, 2015 at 3:47pm

62,000 per acre, was that a typo Lance?

Permalink Reply by lance on September 15, 2015 at 12:42am

yes sorry, should have been 6200

Permalink Reply by Dexter Green on September 4, 2015 at 4:18pm

"What's going on?"

Um, global armageddon in the energy markets?  MHR is going to be delisted from the NYSE.  Halcon is this close to going bankrupt.  CHK is leveraged to the sky.  American Energy is an illiquid, debt-fueled nightmare. The shale players relied on three things: huge technological advances, stable commodity prices, and really cheap debt.  Commodities are in the toilet and will remain there for some time.  The seemingly-endless supply of cash through junk bond issues has ended.  The game is over.  At some point the cycle will restart, because there's value in the ground (assuming proper market conditions) but this shakeout is going to get a lot worse before it gets better.  If you wanted to sell your mineral rights the best time to have done it was when offers were abundant and high.

Permalink Reply by rmc on September 5, 2015 at 8:34am
I am still getting three to four offers a week in richill township Greene County.
I don't know what they are offering anymore as I quit reading them some time back.
Permalink Reply by lance on September 5, 2015 at 12:42pm

Is that in PA.?

Permalink Reply by rmc on September 5, 2015 at 2:18pm
Yes Pa sorry I should have put that in the initial post
Permalink Reply by lance on September 5, 2015 at 10:17pm

Are you in a unit yet? I live in Ohio and things have slowed down to a crawl here compared to 1 year ago... I'm not in a unit yet but I heard once you are your property value shoots up.. What kind of offers have you had? My highest was10k per acre

Permalink Reply by rmc on September 5, 2015 at 10:34pm
One has to be awfully careful with this companies offering to purchase mineral rights.
I have had offers of as high as ten thousand but don't believe they where being honest(bait then switch)
Last ones I bothered to look at where five to six thousand an acre most don't put an offer in the letter any longer.
Part of my propert is in a unit which is set to be turned into sales middle of this month.
My neighbor which I believe isn't in the unit told me he is also receiving multiple offers per week. I believe our appeal is the Utica we are between the big well Range drilled on the Claysville sportsman club and the well EQT drilled in Greene County pa.
Permalink Reply by lance on September 5, 2015 at 10:47pm

Ok, thanks for the info... Greene county borders W.VA right?

RSS

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

Badges  |  Report an Issue  |  Terms of Service