We inherited 22 acres in Gilmore Township, Greene County. The family owns 80. So we own about 25 percent. We were contacted by a gas company wanting to purchase it for $5,000 a acre. A laywer told us we could get royalaties 25 percent royalaties from the 88 acres. Is it worth selling or leasing any suggestions?

Views: 225

Replies to This Discussion

Everything is negotiable.. 

A gas company contacted us. They are telling us they don't do royalaties. So I guess we will need to look around. If a gas company has property all around us. Would another company be interested in leasing?

Marci:

No operator will offer a 25% royalty rate on a lease, never. Unfortunately, this is not Texas or OK. However, with that being said, I have helped out with lease negotiations and purchase offers for folks like you. Truthfully, more people are selling their interests today than ever before. If you have time - give me a call at 304.290.3326. I represent one of the most active groups buying in Greene County, PA. A 3 minute call with me will be worth every minute, I guarantee it.
THX!!

RB 

if you need cash now or are using the acreage as investment for retirement you can't find a better investment then the gas royalty. If you sell you can get upwards of 12,000 an acre right now but know that you could receive upwards of 5 or 6 thousand a month on royalties once production has started. Do you have the time to wait or do you need cash now?

RSS

Local Groups

Latest Activity

DIVOT replied to DIVOT's discussion 'R&D PAD'
9 hours ago
farmgas replied to Old Timer's discussion 'CONVERSATIONS'
12 hours ago
Old Timer replied to Old Timer's discussion 'CONVERSATIONS'
14 hours ago
Old Timer replied to Old Timer's discussion 'CONVERSATIONS'
15 hours ago

Blog Posts

Forgotten Men and Women of Canadian Energy Industry Protest

Posted by Thomas J Shepstone on January 4, 2019 at 10:37am 0 Comments

The forgotten men and women of the Canadian energy industry are mad as hell and not taking it anymore. They’re protesting in their trucks and it’s spreading.

Whenever I go to New York City, which is as seldom as…

Continue

Events

© 2019   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service