Replies to This Discussion

Permalink Reply by Jim Litwinowicz on November 21, 2013 at 1:32pm

What state and what county?

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Permalink Reply by Joseph-Ohio on November 21, 2013 at 2:08pm

Jim,

Probably Carroll County, Ohio as Lisa ( the poster ) belongs to the Carroll County group ( listed on profile that way at any rate ).

J-O

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Permalink Reply by Gusher on November 21, 2013 at 3:53pm

if they are offering you 7,000 an acre it is obviously worth a lot more than that............the only question is do you need money now or can you wait a few years for things to crank up

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Permalink Reply by earl dilliner on November 21, 2013 at 5:29pm

i saw some data from marcellus drilling news that might be helpful but would need to know

where union township is located.

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Permalink Reply by Lisa Johnston on November 21, 2013 at 10:50pm

We are in carrol county ohio.

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Permalink Reply by Anonymous on November 22, 2013 at 1:40am

Im with gusher on this one.  I am in Perry township.  From the looks of wells around here if I didn't need the money I wouldn't sell yet.   I'd wait to see what happens.  What 7,000  tells me is that someone expects to make at least double over time.   If you need the cash now, well that is a whole different game.

Good luck.   

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Permalink Reply by Sharon on November 28, 2013 at 10:05pm

Hi Anonymous,

   You said u live in perry township,, would this also be in Monroe county??thank you sharon

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Permalink Reply by Anonymous on November 30, 2013 at 4:48am

Hi sharon,   We live in carroll county

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Permalink Reply by Paul Martinelli on November 22, 2013 at 2:13am

Lisa.....no such offers like that to your West in Tusc.

 

Evaluate your situation,everyone's situation is different, decide from there.  At 7K/acre....I would sell a % of it.

 

As stated...if offered 7K.....it is expected to return more 2x, 3x,,,,who knows.

 

 

 

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Permalink Reply by earl dilliner on November 22, 2013 at 12:22pm

from the 2012 marcellus and utica shale databook

2011 to 2012 lease offer sampling(page 15):  your area  shows 3500 to $5850

this is probably too old to help you

the 2013 edition can be purchased from marcellus drilling news.

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Permalink Reply by Tree Farmer on November 22, 2013 at 2:48am

The final buyer intends to make a lot more than 2 or 3 times the investment. This is high risk stuff that must have a huge payoff potential or why bother? The rule of 72's does not apply here because high risk = high reward. Almost guaranteed that your "buyer" is going to flip it and sell to someone else with very deep pockets. One of the common practices for "flippers" is to get a contract signed to tie you up for a some term of time so you are locked in.

 

I too am looking at selling some rights in Orange Twsp (20% in my case) to de-risk, I can't afford to be "all in" for a payoff down the road. A problem for most people is these buyers want a minimum acres because of the expense in doing due diligence, etc. We have signed a contract with the oil/gas attorney at a very well know oil and gas firm in Canton to market a portion of my minerals. I got this guys name from a wealth management guru at a large bank while attempting to market it myself. And I am under no obligation to sell, but I do expect better than average bids. My firm belief is that having a professional represent me is in my best interest on a deal like this.

 

The overwhelming problem is that once it is sold there is no going back, obviously that genie is not going back in the bottle for you. I am a bit of a geek on knowing a lot about things I am involved with, especially when this much money is involved. Stay informed and do your best, good luck...

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Permalink Reply by Lisa Johnston on November 22, 2013 at 3:59am

Thanks. We are looking to possibly sell only 20 to 25% if we do. I am also from canton. Didn't know we could put it out for bid. Can I ask who your attorney is?

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