Offer to buy lease

I've been offered 2750 per mineral acre for 50 % of my mineral rights on 45 acres in Sullivan county by Griffeth Land Services,Inc. We just had Siesmic testing done only a couple months ago. Does anyone know how things are going in Elkland township,I am in no dyer need of this but has anyone else been offered these deals? This is the 2nd. tks

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Comment by Kathleen Gensler on November 16, 2010 at 1:02pm
Its been almost 3 years with 2 years left on the lease with Chesapeak. Thanks for the info.
Comment by Jeff on November 13, 2010 at 3:40pm
Hi Kathleen,
I got the same letter today. The cover letter said $2750 an acre for 50 percent of the rights. However the sales agreement has an actual consideration for the transaction and it only adds up to $1375 when you divide it out. Sounds fishy to me.

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