New York Landowners
This group is for land owners in New York to share information about anything concerning the Marcellus Shale.
Any advice would be great....
I'm a landowner in Afton, NY. I have 22+ acres bordering state forests and about a year ago we received a letter from a company called Chesapeake offering $2,000/acre plus royalties for a 10 year lease but before we could act on it we found out that they had pulled out of the area because of the declining gas prices.
Anyway we are now at the point where we were looking to sell the land and buy elsewhere. We aren't land speculators, we're really just in it for the recreational value of the land. But I also am not looking to make a bad business decision and sell the property only to find out someone else is going to get rich off of it.
Does anyone know of a way to re-initiate talks with one of these gas companies? or maybe sell the land but maintain the mineral rights so that we'd still be able to profit from the future potential windfall?
Anyway we are now at the point where we were looking to sell the land and buy elsewhere. We aren't land speculators, we're really just in it for the recreational value of the land. But I also am not looking to make a bad business decision and sell the property only to find out someone else is going to get rich off of it.
Does anyone know of a way to re-initiate talks with one of these gas companies? or maybe sell the land but maintain the mineral rights so that we'd still be able to profit from the future potential windfall?
Kevin Volk
John, I am interested in selling but if you only want to buy it for the drilling rights it probably wouldn't be worth it. I think the place has value beyond that (house, proximity to forest, timber harvesting, etc).. You could probably buy empty acreage for much less if you were merely speculating.
Jul 13, 2009
yyur4me
Jul 16, 2009
Kevin Volk
May 5, 2010