Replies to This Discussion

Permalink Reply by gofish on August 3, 2013 at 4:19am

Don't sell ! In fox yet I'm in Lee. Just south of fox ' just wait two year they will be there. Their at fox already.

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Permalink Reply by Jamie b on August 3, 2013 at 5:41am

Thank you for the input. However I did not come on the site to seek advice whether to sell or not. After a long drawn out thought process the decision has been made to sell. At her age it is in her best interest. I am looking for companies that are offering the most money in those areas. Thanks

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Permalink Reply by David Cain on August 4, 2013 at 12:43pm

Jamie b,

I have property in SE Guernsey.  I have received interest from several brokers.  I don't know if any of them are interested in your area or not.  Your relative has probably received mailings as well.  If your relative has made the decision to sell, then you should contact as many buyers as possible.  I know in the few inquiries I have made the offers were dramatically different (from $2,500 up to $9,000).  An internet search on "Utica mineral broker" will probably turn up a dozen or more brokers as well. There are even advertisements on this site to sell your mineral rights.   Here is a partial list of mailings I have received:

Jenco Energy  -    Chris Campisi 205.283.8477  cjcampisi66@yahoo.com

LL&B Minerals - Joe Lindenmuth 406.945.2255

MMG - Jimmy Ellis 724.554.4251

Please note that I am not vouching for any of these companies.  I really don't know anything about them.  Personally, I have decided not to sell my mineral rights.  But each landowner's circumstances are different.  I wish your relative well and hope you can find them a good deal.

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Permalink Reply by 0ym9x5ag7ury2 on August 4, 2013 at 3:04pm

Jeff Rokisky a WV attorney licensed in Ohio, WV, and PA has the best method I have heard so far for selling minerals. His people determine the value of your minerals based on wells in your area, then put your minerals up for bid with 25 to 50 companies biding. He gets 6% of what you sell for so it's in his best interest to make the most money for you. I'm in no way related to Jeff or his business by the way.

Look him up on the internet, under Jeff Rokisky WV Attorney, or watch his show on Sundays at 11am on channel 9. That's where I heard him explain his method of selling minerals for landowners.

This is what I would do if I absolutely had to sell my minerals. Selling any other way will net you less money, I'm sure of that. Keeping the minerals will net you more money, I'm sure of that as well.

Man, I should have kept the minerals!

 

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Permalink Reply by Jamie b on August 4, 2013 at 3:30pm

Thanks. This is the type of information I am seeking. We have received several offers. I just want to contact as many companies as possible before making a decision. Please keep the companies/offers coming. Thanks

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Permalink Reply by james on August 4, 2013 at 3:42pm

What kind of offers have you received? We are selling 80 acres in Crawford county next week at auction which has all gas/oil rights, it has a new well producing over $1000 a month. What kind of price should we expect to receive? The ground consists of about 30 acres of fields and the rest in timberland, the timber is valued at $40,000. Thanks

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Permalink Reply by Jamie b on August 4, 2013 at 4:14pm

Most offers have been in th 3-5k/acre range. Is the 1000/month on 80 acres worth of royalty?

Thanks

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Permalink Reply by james on August 4, 2013 at 4:51pm

No, not all of the 80 acres is included in unit. We only get about 1% of gross production, it's a good well, every month it's producing about $110,000 per month.

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