Comment

Comment by bo boboski on December 5, 2013 at 1:01pm

Dan;  they are offering $10,000 per acre to buy peoples minerals cause they plan on making at least $100,000. per over the life of the wells.  Harrison/Noble/Guernsey.Monroe especially.Other counties;notsomuch.

Comment by Philip Brutz on December 5, 2013 at 10:35am

Ronald, try using the ODNR Oil and Gas Well viewer:http://www2.dnr.state.oh.us/website/dog/oilgasviewer/index.html

Zoom in on the area that you are interested in then select the Identify Button and then click on the parcel or well for information.

Comment by Ronald L. Rohr Jr. on December 5, 2013 at 10:21am

i noticed in my area that all the large chunks of land have names and acre amounts why not the smaller parcels in athens township harrison county ohio.i'm just curious thank you any information would be greatly appreciated.

Comment by keepthefaith on December 5, 2013 at 4:01am

Thanks to you all for lots of good stuff here.  Dan's comment about the location is why I asked about Short Creek Twp.  It appears the drilling has been taking place in northern and western Harrison but maybe that is because the companies have been concentrated in Carroll.  I know there is one permit just outside Georgetown but have not heard of anything else.  I also read somewhere on this blog that the eastern part of the county (we are in the southeast corner) was considered to be dry gas which lowers the production value.  Any thoughts about this?

Comment by Dan on December 5, 2013 at 2:42am

bo, saying that over the life of a Utica well's production that folks will see $100,000 per acre is unrealistic.  Based on what I have heard from reputable sources including Chesapeake reservoir experts I'm thinking that numbers would be more in the range of $15,000 to $70,000 per acre.  I know that a wide range, but the variables in commodity price, recovery technology, and actual hydrocarbons in a particular location make it so.

If you have a mineral buyer offering to pay $7,000 to $14,000/acre for your minerals, it is not something to quickly dismiss.  You will probably make more than that if you wait, but depending on someones financial situation, the size of the offer, and where they are located, it might be an option to consider, but cautiously.

Comment by bo boboski on December 4, 2013 at 11:30am

If you have a good chance of being included in a drilling unit in the near future; I"d say try for $100,000. per acre. To SELL your mineral rights. You"ll make lots more if you just take royalties,but that would be a worthy figure if you have to sell em. Why let someone else get the $$$ from from YOUR oil&gas?

Comment by Philip Brutz on December 4, 2013 at 10:47am

Sue, you may want to read this thread:http://gomarcellusshale.com/forum/topics/current-rates-for-selling-...

Comment by keepthefaith on December 4, 2013 at 10:16am

I recently got info from KWGD about selling royalties.  With Thanksgiving upon us, I didn't take time to wade through it but got a call from KWGD yesterday.  They referred to Harrison people getting lots of offers but I haven't had any perhaps because I don't live in the area.  I decided I'd better dive into the info today.  What are the general thoughts out there about selling?  Anyone hear anything about the Short Creek area?  

Comment by keepthefaith on November 26, 2013 at 10:07am

If you're going to make a dime, they're going to figure out a way to take 9 cents away.  

Comment by Al Cramblett on November 26, 2013 at 8:45am

Percentage Depletion deduction taken away! This week, U.S. Senator Max Baucus, Chairman of the U.S. Senate Committee on Finance, released a tax reform discussion draft that would repeal percentage depletion, an accounting mechanism that allows royalty owners to depreciate their minerals as they are extracted from the ground. Percentage depletion is a critical and appropriate tool for the nation’s mineral owners in every extractive industry. The Royalty Owners and Producers Educational (ROPE) Coalition released the following statement: “The Chairman’s discussion draft is bad for royalty owners in every state in the nation, bad for consumers, bad for the economy, and bad for U.S. energy security. This draft targets percentage depletion and a number of other important oil and gas tax policies, including the ability of domestic oil and gas producers to deduct their drilling expenses in the year they occur. This draft proposes to raise taxes 15 percent on royalty owners and significantly cut the value of their private property by making recovery of their minerals uneconomic.This proposal is a bad idea and I hope it is rejected immediately.”  -Jerry Simmons, ROPE Executive Vice President Call Senator Baucus. Tell him your name and where you live. Tell him you are a royalty owner, and that you don’t support the plan to repeal PERCENTAGE DEPLETION. Tell him to please change his tax draft.   Office of US Senator Max Baucus 202-224-2651   You royalty owners are the only hope to keep your percentage depletion deduction. MUST CALL NOW!     Visit the ROPE website to learn more about tax provisions important to royalty owners.

Royalty Owners & Producers Educational Coalition Visit our new and improved website to stay up to date with oil and gas news and more: http://ropeco.org/

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