Replies to This Discussion

Permalink Reply by jonathan M. on November 1, 2014 at 4:27am

How is resource energy associated with chevron?

Permalink Reply by James Vanderink on November 1, 2014 at 4:38am

They are of subsidiary of Atlas which is owned by Chevron. 

1000  Commerce Dr. Suite 400

Pittsburgh , PA

Permalink Reply by jonathan M. on November 1, 2014 at 6:58am

Good to know james. Still doesn't change my mind about the present value of the area which is low. Like I said though I hope that changes just don't think that will happen for long time.

Permalink Reply by LERRET on November 1, 2014 at 5:33am

It is common to sell land and retain the mineral. It is more common to sell land and split the mineral 50/50. Why in the world would you want to take 49%???? You don't have executive control over a drilling unit anyway and you surrender nothing with a 50/50 split unless you keep only a royalty interest and turn executive control over your 50% to the other 50% which happens with a "ROYALTY" interest rather than a MINERAL reservation or deed. That would mean you were at the mercy of those with the other part of the mineral (be it 1% or 99%).  They would negotiate the royalty, receive the bonus and you only get the income.  NEVER CREATE A ROYALTY DEED.  You can deed off mineral rights as MINERAL DEED. Or when selling the surface with intact minerals, reserve the minerals in that deed.

Selling land is problematic in a play area when you retain minerals. The buyers want that mineral. But they often may settle if you offer to split the mineral 50/50. If you do that, I would create both the DEED of property with reservation and I would create a MINERAL DEED for your interest retained, thus having a good legal record of the chain of title.

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Permalink Reply by evan on November 1, 2014 at 8:30am

What lerret said is absolutely correct and smart.

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Permalink Reply by Patricia Moss on November 1, 2014 at 2:20pm

Thank you for this information. It is very helpful.

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Permalink Reply by 0ym9x5ag7ury2 on November 2, 2014 at 8:53am

Patricia,

    Here is the website for the Gas & Oil Magazine and the Farm & Dairy weekly paper. Take a look for Mineral Buyers.

Also Kaufman Real Estate of Millersburg and Sugar Creek have been known to hold public on line auctions using Market Net Alliance for minerals.

www.gasandoilmag.com    farmanddairy.com

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Permalink Reply by jonathan M. on November 2, 2014 at 1:58pm

If you call the companies advertising let us know how it goes. I would venture to say none of them would make an offer in coshocton...

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Permalink Reply by Patricia Moss on November 3, 2014 at 4:14am

OK

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Permalink Reply by Patricia Moss on November 3, 2014 at 4:14am

Thanks, Ron

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