$15,000 per acre

was told today buy a friend of mine that someone he knows is selling 40 acres of mineral rights in Harrison county (clendening lake area) for 15000 an acre for an old 12,5% lease. anyone heard offers like this?

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Permalink Reply by The Rooster on April 7, 2014 at 6:57am
Bill
could you explain your last reply a little more.
Permalink Reply by Bill Barnaby on April 7, 2014 at 7:21am

People are not buying mineral rights to give their money away. People are buying them to MAKE money. The odds of them making money are higher than losing, otherwise it's a gamble at best.

Permalink Reply by The Rooster on April 7, 2014 at 10:20am

Bill, where is your land located and have you heard any offers that you know are legit?

Permalink Reply by Bill Barnaby on April 7, 2014 at 11:28am

Belmont county in the dry gas window $7500 with the worst lease possible, dry gas acres do not sell for as much as the OIL does.

Permalink Reply by mary ellen on April 7, 2014 at 11:51am

Who is paying 23500/acre in the Harrison County area?

Permalink Reply by The Rooster on April 7, 2014 at 11:58am

Mary, I think a lot of people are starting rumors of offers that are simply not happening yet. I started this discussion hoping to hear from people who had got offers directly quoted to them or someone they were close to and trusted.

Permalink Reply by Bill Barnaby on April 7, 2014 at 12:52pm
I have not heard 23.5k per acre yet myself.
Permalink Reply by Z3z528 on April 7, 2014 at 1:10pm
Ive personally seen 14.2k/acre with an eclipse lease in noble county
Permalink Reply by The Rooster on April 7, 2014 at 2:25pm
To buy minerals? How many acres and what was there royalty %
Permalink Reply by Z3z528 on April 7, 2014 at 2:31pm
Buy minerals. 60+ acres. 18%
Permalink Reply by scott peterson on April 7, 2014 at 2:21pm

19,500 guernsey/millwood 20% true gross lease

Permalink Reply by mary ellen on April 7, 2014 at 2:24pm

Who is that with?

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