Denver Gallentine

I own acreage in Columbiana County and Coshocton County but none in Carrol County.

I will check this out.  Thanks.

Denver,

 1st, I did say that I would sell my royalties for $50,000 per acre.

 But I do not think any investor would ever pay that amount.

 So, a fair offer is somewhere between $5,000 and $50,000.

 Probably more like between $5,000 and $18,000 (see below)

 Assuming wet gas area and one producing well per 200 acres of the PU ...

 1 well in a 200 acre PU or

 3 wells in a 640 acre PU or

 6 wells in 1,280 acre PU

 are all roughly the same royalties per acre.

 We can estimate between $300 to $500 per acre per month for the first year.

 That is $3,600 to $6,000 per acre total royalties the first year.

 Then another $3,600 to $6,000 per acre total royalties for the next 4 years.

 Then another $3,600 to $6,000 per acre total royalties for next 7 years.

 Note rapidly decreasing royalties and the well(s) must last 12 years.

 Total Royalties is $10,800 to $18,000 per acre over the entire life of the well(s). 

 Selling Royalties for $5,000 per acre is about 50% of the low end (only 27% of the high end).

 50% cash-in-hand for you today and maybe 50% royalties eventually for the investor.

 If you need the guaranteed cash today then consider offers over $5,000.

 I decided that I want 100% of my royalties and will risk waiting for a well. 

 $18,000/acre royalties over 12 years could be lower taxes than a huge lump sum payment.

 Decisions - Decisions ...

Thank you for the Christmas wishes, Denver...what a nice surprise.  I, in turn, hope the same for you!! Merry Christmas to you and yours!!