Anyone Being Approached About Mineral Purchase?

Had a call from someone about purchasing mineral rights for 6500/acre?  Any one else been approached?  

      

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Permalink Reply by Dan on February 7, 2018 at 12:02am

That isn’t news. That’s the current climate for a good while now and will probably continue for a much longer time.

Permalink Reply by Becky Moore on February 14, 2018 at 12:44pm

Dan, where is your acreage located? We have had high offers but it has been awhile since 12k per acre was offered. 

Permalink Reply by sharon lare on February 14, 2018 at 2:25pm

Becky 

Are you a Attorney realtor or broker?? we have some stuff in Belmont wed be looking to entertain offers on

Permalink Reply by Dan on February 14, 2018 at 4:31pm

He wasn’t saying the offers were for our acres.  Just in general that was the high offers in eastern Ohio depending on if the acres were wanted to complete a unit.  It’s like real estate value,  Location is most important.  

Permalink Reply by Becky Moore on February 6, 2018 at 2:16pm

@keepthefaith - where are your mineral rights located? county & township?

Think about brokering them so you get multiple offer to pick from. 

Permalink Reply by Darlene Nelson on February 7, 2018 at 6:16am

My family just signed a new contract. Haven't been paid yet but it was for 6250 x acre and 20% with no deductions. Jefferson County.

Permalink Reply by DJM on February 7, 2018 at 6:59am

Nice, it sounds like you did well.(so long as the money comes thru that is)

Permalink Reply by Becky Moore on February 7, 2018 at 7:00am

Who were you working with?

Permalink Reply by Darlene Nelson on February 7, 2018 at 7:14am

Hired a Lawyer who is dealing with Ascent...Hope this means they are ready to drill..Leased first time  2007..

Permalink Reply by Terry giuliani on February 7, 2018 at 8:14am

Darlene, You should see something happen fairly soon. I took a tour of the rig drilling in that area about 3 months ago and overheard that well is on hold till all leases are signed. Was told the last lease was signed in Sunshine Park a couple of weeks ago. Good Luck.

Permalink Reply by DSFS on February 7, 2018 at 9:25am

Ascent Marcellus just filed for bankruptcy.FYI

Permalink Reply by bo boboski on February 7, 2018 at 9:54am

Really? the source of that info?

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