Interested in Selling Royalties

Hello Everybody,

We are interested in selling a 6 acre portion of our royalty interest in the Utica shale. Expecting a well in the near future, but needing the cash flow now. It is a 12.5 gross lease that is currently held by production and Chesapeake owns the deep rights.

The Gartrell well 1 mile down the road is one of the best in the state. (avg. 35,000 of product per day for the first 90 days on 160 acres)

Is anyone out there interested in the opportunity to invest?

email me at mjl12487@yahoo.com for more info or to discuss this opportunity.

or call 330-827-0394

Sorry to have to post this in the wrong county, but the Carroll county link isn't working and we're just on the border...

Views: 821

Replies to This Discussion

Permalink Reply by The Rooster on March 15, 2014 at 2:52pm

are you between Leesville and sherrodsville?

Permalink Reply by Morgan L on March 16, 2014 at 3:07am

Yes.

Permalink Reply by Busy Bee on March 16, 2014 at 12:13am

A lot of the mineral purchasers are looking for a 20 acre minimum .But I believe due to your location you can find an offer .

Permalink Reply by The Rooster on March 16, 2014 at 12:21pm

Im wondering where you got your info on the gartrell well being one of the best in the state. I have not seen info to support that.

Permalink Reply by jonathan M. on March 16, 2014 at 1:42pm
According to odnr the well produced 22638 barrels of oil and 94068 mcf in 74 days. Good well but not anywhere close to some of antero and gulfports wells down south.
Permalink Reply by Morgan L on March 17, 2014 at 2:01am

Those numbers put the gartrell well in the top 20 or so in the state, which isn't bad in my opinion...

Permalink Reply by jonathan M. on March 17, 2014 at 2:10am
Morgan,

It is a solid well. What are you basing your rank off of? Top 20 ips? First 30,60,90 days of production? If you are going off of ip this well does not appear to be in the top 20. I don't think there is enough production from the massive wells down south to rank those on a 30,60,90 day of production basis.
Permalink Reply by Morgan L on March 17, 2014 at 2:25am

I was basing it off of the most recent ODNR data that Jonathan referenced.  Regardless, it's certainly one of the better wells in Carroll county. That doesn't mean that our well will be as productive, but it should be a good area and deserves a good price for a royalty sale.

Permalink Reply by The Rooster on March 16, 2014 at 4:02pm

Is this a chesacrook well? 

Permalink Reply by bo boboski on March 16, 2014 at 9:57pm

I've heard of Chesacheat, but not that one yet.

Permalink Reply by Mike Sero on March 18, 2014 at 10:39am

Well, as a buyer/broker I don't have any clients who would buy this at just 6 acres - cost of title etc.....

And you mention a royalty interest or is it 6 acres of larger portion?

Avg. 12.5% depending on lease holder etc....at 6 acres 4500 probably. Possibly more but its not an attractive  prospect.

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