Have you received an offer to buy your minerals? What State/County/Township are you in?

I'm in Ohio/Noble/Marion and continue to receive offers.  14 so far by mail, and another arrived yesterday.  Post your information and I'll draw a map of "mineral interest".    Have your offers increased, remained constant, or stopped coming?  Just curious, and it might be fun.  Thanks.

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Permalink Reply by scott peterson on July 16, 2013 at 6:32am

Got a new one for $10,000 an acre on my already leased land in Millwood Twp/Guernsey. Midwest Land Services.

0i7okn54zwbdoPermalink Reply by 0i7okn54zwbdo on July 16, 2013 at 6:38am

Wow.  That's the highest I've heard of yet.  

Permalink Reply by scott peterson on July 16, 2013 at 6:46am

Told them to call me back at 12 and we'll talk. Wife thinks Im nuts thats alot of $$ on 140 acres but I think royalty would be bigger dollars.

Permalink Reply by Brian M on July 16, 2013 at 6:51am

Buckeye has 2 weeks to pay me and I haven't heard anything from them.. They talked a good game when I signed..

Westand Twp/Guernsey.

Permalink Reply by Brian M on July 16, 2013 at 9:02am

37

Permalink Reply by Brian M on July 16, 2013 at 9:40am

I signed beginning of April

Permalink Reply by Paul Martinelli on July 16, 2013 at 7:00am

At 10K per acre....I'd be a seller of a percentage.

Permalink Reply by scott peterson on July 16, 2013 at 7:09am

Its very tempting but i would like to get enough to ease back on work or just be done with it.

Permalink Reply by Paul Martinelli on July 16, 2013 at 7:17am

yep....being able to quit working early has a monetary value that only the individual can put a price on.

Permalink Reply by Paul Martinelli on July 16, 2013 at 7:25am

My guess......is that the royalties will be $30,000+  per acre over life of well....thats what they know.

 

it is all about time and risk, and how much of it you are willing to take to get full potential out of your land.

Permalink Reply by scott peterson on July 16, 2013 at 7:48am

I like that number Paul plus the fact that if Im not drilled on in 2.5 yrs I am open to release again.

Permalink Reply by LW on July 16, 2013 at 8:31am

I suppose $30,000 is based on 1 well per unit.  But there is a potential for many wells per unit.   If there are 6 wells, then $180,000 per acre.

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