Have you received an offer to buy your minerals? What State/County/Township are you in?

I'm in Ohio/Noble/Marion and continue to receive offers.  14 so far by mail, and another arrived yesterday.  Post your information and I'll draw a map of "mineral interest".    Have your offers increased, remained constant, or stopped coming?  Just curious, and it might be fun.  Thanks.

Views: 45599

Reply to This

Replies to This Discussion

Donna:   This new outfit fits so neatly in the category of "Flipper", and not a true offer to lease.  As Bob says, their area of interest is right in the middle of Antero's living room, so these guys are probably hoping to sign up some leases, get a critical mass together to catch Antero's eye, and flip them before any payment is due, saving a few % off the royalty for themselves.   If Antero is slow about dealing with them, all who leased will be getting extension notices unless the fine print in the lease keeps it in force until YOU write them a letter and request it to terminate.   Then, there is probably more language that keeps it in force for a certain period of time after you request it terminated.   If they can't flip it for the promised amount, another letter with new lease @ $5000/18% will arrive in the mail for the landowner to sign.....which of course would be incredibly stupid because they could go directly to Antero and do better....

A new company to add to list:  LL&B Minerals Company of Austin, Texas;  letter received today 8/20/13; they are a group of petroleum engineers, obviously they would have insider info that landowners would not have;  they are interested in following Ohio counties: Harrison, Guernsey, Belmont, Carroll, Noble, Columbia, and Monroe.  No price per acre stated.   Anyone else receive this letter?     I am in Jackson Twp. Monroe Co.

Searcherone:   Yep, I've been contacted by them.  Marion Township/Noble.   I put their offer in with the rest of 'em, and now have just about enough offers to wallpaper the mud porch lol.

So paper it then. Probably would look better papered with hundred dollar bills though.

Richard:  You said it best.   All I need now is that well....and some paste.........

I realize this discussion was started long ago, but more mineral buyers emerge everyday.   Just saw this new one today:   RTB Minerals LLC is advertised as a subsidiary of Beck Energy Corp.

searcherone,

Absolutely correct ! The opportunists will take advantage of the weak.

Just as I posted long ago about up front bonuses, if you don't need the money then wait.

There are tales now of people being paid $10,000 an acre for their mineral rights. Are they true ?

Perhaps, and probably. In certain areas all you have to do is some simple math. $10,000 will turn into several hundred thousand dollars in a short time.

If I owned acreage (which I do) I would not sell the mineral rights unless I absolutely had to have the cash.

If you sell you are being swindled.

Rick, you have been posting about selling for at least six months.  lol I don't think you want to sell.  Rumor mill has it  that 14,000 per acre in Noble and 12,000 per acre in Monroe has been offered.

Rick did you read the prior post?    Are you are facing bankruptcy or divorce court in 2014-- then sell.   

Good luck and wise decisions for 2014.

I do want to hold on but I don't see any in sight or facts anywhere stating that eclipse will drill since there not a drilling company! And have so many oxford leases now!  

Althow they did promiss to drill 2014!

I'm not in bankruptcy or getting divorced..lol just wanting to get free of some payments

                                                    

                                                                           Thanks! searcherone

Rick:  Aren't you in Beaver Township/Noble County?    After calculating the highest paying GAS producers per lateral foot (oil calculation is next) according to the ODNR Q3 results, the biggest money land is in a narrow strip starting in central Jefferson County, running SSW through SE Harrison, NW and SW Belmont, NE Noble and NW Monroe.   This strip goes right through Beaver Township.

Eclipse must be struggling to decide on a plan after purchasing Oxford, mostly because many of the leases they bought under the deal are limited to a 160 acre unit size and useless unless this defect is cured;  much of this land is terrific and right in the "sweet spot" fairway like yours is.   They have their landmen out trying to cure the defect with paltry sums, but are meeting only limited success.  This tells me Eclipse has apparently not decided what to do:  1.)  Dive in, give the landowners a fair shake like Antero kinda did with the Beck/XTO HBP folks, and get on with it.  2.)  Sell the acreage to Aubrey (or ?) as is and let him and his deep pockets cure the leases and organize the drilling  3.)  Take Eclipse public with an IPO and let the public money pay for the defect cure.  It seems that the management is "dithering" on direction, so your situation will have to wait until it's decided.   The kicker is that in late 2011 and early 2012, Eclipse leased a lot of acreage on their own in NE Noble and SE Guernsey.  Add this to the Oxford acreage, and they may possibly have the second best acreage in Ohio behind either Gulfport or Antero.   This puts more pressure on management to pick a direction since the acreage is great, it all has been "derisked" by Gulfport, REX and Antero, Markwest has put in pipelines and processing.....so what's the holdup?   Part of it is because those pesky landowners want a fair shake.   If it just wasn't for them....

So, sit tight, wait for a decision by Eclipse and 2014 may be the year that Beaver Township gets on the map as the best of them all....

Hiker

Don't forget all the acreage Eclipse leased in Monroe Co. in various townships much of it through SEOLA and in about 15 months the three year bonus payments are due on many of those leases.

All of your choices are good possibilities for Eclipse.  An overriding factor is  Eclipse's president is under forty years of age and perhaps he still thinks he can have it all.  He as well as Encap (his money source) needs to realize landowners of SE Ohio can become very stubborn, especially when they see other landowners being treated somewhat fairly. 

ha ha, yes the landowners are learning.   During one of the Q2 or Q3 presentations by one of the oil companies, the CEO said that their lease acquisition costs had gone through the roof in Ohio because the landowners were getting smart.  boo hoo.    I agree with your view that Hulburt just might do an IPO and go for it (I'll buy some).  He's already got more money than he will ever need, so what's the meaning of a few more millions?...ya gotta have something to do during the day, so you may as well run a billion dollar oil company and hang out with the big guys?

RSS

© 2024   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service