Anyone getting offers on selling your mineral rights? I am in a unit with Ascent and a unit with Gulfport. Both are being developed at this time. I Just wondering what a good offer is on a 20 percent lease. I haven't responded back to any of the buyers yet.
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Permalink Reply by Massey colt on February 11, 2022 at 3:10pm We are in the 4th month of receiving royalties in Jefferson County Ohio from Ascent. We were offered $12,000.00 per acre on a 17.5% lease, which we refused. After 4 months we have received about 65% of the amount offered to sell. Even with depletion I figure that we will make money in about 4 more months over what was offered. Hope this info helps.
Permalink Reply by Corvette on February 12, 2022 at 4:57am One buyer did offer $12,000 an acre the others just wanted me to call for their offer. You just helped make my mind up to hold on the the mineral rights. Thank you !
Permalink Reply by Joe C. on February 27, 2022 at 12:15pm Watch out for the Gulfport Unit. I heard the other day from a good friend who is in the O&G industry that Gulfport was going to sell out in 2023. Asset sale stating 2023.
Permalink Reply by Corvette on February 28, 2022 at 12:57am I was offered $ 14,500 last week Joe. Told them I would think it over. Thank you for your input.
Permalink Reply by pinehill on March 7, 2022 at 10:24am
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