Replies to This Discussion

Permalink Reply by Nancy Mosley on October 25, 2012 at 3:18pm

Noble Energy is reputable. Haven't heard about Honor Resources.

As to location, I think you will have to trace this back, through the ancestor who passed it to you, on back to where the mineral rights were separated (severed) from the surface, then trace the surface forward to the current owner. Probably not simple.

Permalink Reply by Gary Palmer on October 25, 2012 at 3:26pm

The company, Honor, has already done that i assume. They made me an offer of $1500.00 per acre. I would like to deal with Noble directly, but am having a problem getting contact info. Thanks for your help Nancy

Permalink Reply by Nancy Mosley on October 25, 2012 at 4:19pm

I think that is a reasonable offer, but there are people with more knowledge about current offers than I.

Noble, I am sure, knows where this is. You should be able to ask them for the information they have about it.

Permalink Reply by Ken Barton on October 26, 2012 at 12:32am

If someone from Honor Resourses has contacted you, that is who you deal with.  Noble contracts companies like Honor to do their leasing and research.  They do not have people in the field.  Your mineral acreage is 8 acres, (1/4 of 32 acres).  They wouldn't deal directly with anyone, unless it was a special circumstance, such as 600+ contiguous acres.  Even then, Honor could easily handle the negotiations and leasing.

Permalink Reply by Gary Palmer on October 26, 2012 at 12:52am

Thanks Ken, you have been very helpful. Is this offer in line with what most are getting in this area?

Permalink Reply by Ken Barton on October 26, 2012 at 3:09am

I wouldn't be able to give you specifics, but "beware of Greeks bearing gifts." If this is an initial offer, it is probably on the low side. I would base my demand on what I wanted, not on what the "going rate" is, as I don't think there really is one. Best of luck

Permalink Reply by Gary Palmer on November 4, 2012 at 11:48am

Would anyone know which co. is doing the most leasing in Tyler Co, Meade District. I am getting offers from 2 co"s and like to be sure i am getting one that is going to put in a well.  Thanks

Permalink Reply by Nancy Mosley on November 4, 2012 at 3:33pm

You could go to the WV Office of Oil and Gas website

http://www.dep.wv.gov/oil-and-gas/databaseinfo/Pages/OGD.aspx

click on Search Oil and Gas Database,  then Search for Oil and Gas permits, https://apps.dep.wv.gov/oog/permitsearch_new.cfm

then fill in Tyler County, and recent dates. You will get a list of permit numbers, but not Districts. You can go to the Database and Map Information section, go to Oil and Gas Map Search, and find the location. Not sure how to find the district, but if you are familiar with the area you can determine the district.

You can try this database

http://www.wvgs.wvnet.edu/oginfo/pipeline/pipeline2.asp

West Virginia Geological Survey, and for many of the permit numbers there is information including the District. This has a mapping feature as well.

Permalink Reply by Gary Palmer on November 4, 2012 at 3:57pm

Thanks for the help Nancy. I live in Ohio and i am not familiar with the area. I guess i am going to have to go to the county seat and find  the location of the property.