Has anyone been recently contacted about the purchase of your mineral rights or outright buying of land parcels? If so, by whom and when, how much. Thanks in advance
Tags:
I'd say somewhere in the neighborhood of $0. Nobody is willing to take the risk right now. Because it's not just about what could you, Tom, sell your one specific piece of acreage for. Rather, any buyer would need to have a broad program that spread their risk over a much larger area and without any real news or data that's just not possible. So the answer right now is that the market is essentially nonexistent thus a "fair" price is going to impossible to determine. Now, if you wait six months and there's news (good or bad) you might see a definitive resting place for the market, either up or down. Sorry I can't give you a real answer but frankly there isn't one.
© 2024 Created by Keith Mauck (Site Publisher). Powered by
h2 | h2 | h2 |
---|---|---|
AboutWhat makes this site so great? Well, I think it's the fact that, quite frankly, we all have a lot at stake in this thing they call shale. But beyond that, this site is made up of individuals who have worked hard for that little yard we call home. Or, that farm on which blood, sweat and tears have fallen. [ Read More ] |
Links |
Copyright © 2017 GoMarcellusShale.com