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.
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.
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 !
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.
I was offered $ 14,500 last week Joe. Told them I would think it over. Thank you for your input.
My 79.23 acres, are located in Guernsey County, Londonderry Twp., Section 21, Township 11N, Range 7W
I was not renewed, by Ascent, as of 10/2021.
Is anyone interested in LEASING them?
Please let me know as soon as you can.
In southern Jefferson County. In 2 well units that have not been put online yet