I WOULD LIKE TO HEAR FROM ANYONE WHO HAS INFO. ON HOW MUCH OIL AND MINERAL RIG HTS MIGHT GO FOR IN CLAY DISTRICT, WETZEL COUNTY WV? THINKING ABOUT SELLING MINE. I AM THINKING ABOUT SELLING MINE, NO WELL HAS BEEN DRILLED AS OF YET ON THIS. I HAVE READ SOME OF THE PROS AND CONS ON THIS MATTER. ANYONE DEALT WITH A COMPANY THAT SEEMS OK? I GET MAIL ALL THE TIME ABOUT IT BUT YOU ALL ARE THE BEST ON HERE WITH ADVICE...THANKS
Thanks Jesse...?....NOT...Im 67 years old been reading and think I know a lot of legit people on here..Dont recall saying I was reading the Bible and taking every thing to hart on here..geez...
Thank you Jason...
Donna, I am reading a lot of mineral deed transfers over in neighboring Monroe County Ohio where landowners are selling 50% or 25%, even one for 33% of the mineral rights. To me that is like eating some of the cake and having some cake to eat later.
Call Jeff Rokisky, the WV Lawyer who operates in OH, PA, and WV. He has the best method you will find for selling. I would use him if I couldn't wait for the drilling.
Briefly: Estimate value of minerals by assessing local wells.
Hold auction with 25 or more companies.
Was taking 6% which ensures you will get the best price since he wants a percentage of the highest amount he can get for you.
Sell any other way and you will lose compared to Jeff's method.
Donna, Ron just gave you some great advice ! Good Luck and God Bless...
Donna I know of a small prvate equity firm that is i the busness of buying rights from landowners in the PA/OH area. I met with one of the principals recently. There are pros and cons from what I gleaned. They, the buyer, takes on production and commodity price risk, but you the owner give up opportunity. I could certainly put you in touch and you can take it from there. I would be happy to assess the deal if you would like. As a investment analyst and financial advisor I understand asset valuation methodologies, but I cannot tell you that it is a good or bad move. I can lay out the numbers and the assumptions.
(617) 589-3408 work number
Why not do a 50%-50% - Sell a 50% interest on the limited shale plays (protecting surface and other minerals, keep those out of the sale!) while retaining a 50% leasing interest. Siltstone is doing that deal all over WV and Ohio...new office opening up in Parkersburg. Google them.
I was offered any where from 2,500 to maybe 6,500 but that was back in OCT. I decided not to sell no matter what. As long as I am living it will stay in the family. And I hope after I have told my children all the lies and crooks this industry has associated with it they will to....