Hi Denver, the energy company already had the rights from way back, surface use then mineral, but guess primary passed and didn't will to anyone so they did a search for all heirs and my Mom's generation was as far as they had to go.. all in all as I say, small share of a small area of land, and most of the heirs had already signed amended lease before they found us.

Denver, Merry Christmas and Happy Holidays to you and yours also! 

Thanks Denny! I'll settle for one big one!! Merry Christmas to you and your tribe also.

Brent

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!!

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 ...

I will check this out.  Thanks.

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