mineral offers

anyone getting any decent offers to buy minerals lately?

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Permalink Reply by evan on June 25, 2014 at 5:33am
That company backed out of that offer though didn't they Scott
Permalink Reply by scott peterson on June 25, 2014 at 5:35am

No I rejected it & decided to hold out.........

Permalink Reply by Puzzled on June 25, 2014 at 10:24am

So 15k for leasing is the highest?

seems like asking for 10k for leasing in monroe county is fair

Permalink Reply by Booger on June 26, 2014 at 9:48am

yes..........but that was for a huge chunk in a prime area.

Permalink Reply by Puzzled on June 26, 2014 at 10:52am

I would think that jackson,lee and perry townships are at least close to prime areas judging by all I read on here

Permalink Reply by searcherone on June 26, 2014 at 4:51pm

Puzzled,

All the publicity has been about the wet Utica and how valuable it is.   People have a hard time realizing that the volumes of dry Utica being found on both sides of the Ohio River are going to make the landowners lots of money, as well as the wet Marcellus that is there.  

The question for Monroe County remains how far does the Marcellus extend into the county and it appears the closer to the Ohio River the bigger the volume in the dry Utica which is a great for Monroe County.

Permalink Reply by evan on June 27, 2014 at 3:13pm

A good friend of mine was offered what figures out to be 22K an acre , Guernsey County . What they did was offer a total price, I think it was 750 k, you can figure out their acres from that. They turned then down and the company said what would it take then to buy your minerals. Big money. Wow

Permalink Reply by Philip Brutz on June 27, 2014 at 3:20pm

Evan, what township?

Permalink Reply by evan on June 27, 2014 at 3:50pm

Sorry Millwood Township

Permalink Reply by scott peterson on June 28, 2014 at 2:00am

Do you know the name of the co?

Permalink Reply by evan on June 28, 2014 at 6:10am
Yeah Scott it was vine. My neighbor just closed a big deal with them , and I'm in negotiations with them.
Permalink Reply by David Cain on June 28, 2014 at 8:45am

Evan,

Was this  22k/acre  for acreage that was in a unit or scheduled to be in a unit?  I've thought about selling half my interest but I haven't made up my mind yet.  I drove down that way a few days ago and there is a log of activity.  Went down in Monroe and saw a lot of activity there as well.

Thanks,

Dave

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