$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 scott peterson on April 7, 2014 at 2:24pm

Brokered thru my atty at KWG&D.

Permalink Reply by The Rooster on April 7, 2014 at 2:32pm

was this a large amount of land, scott?

Permalink Reply by scott peterson on April 7, 2014 at 2:33pm

Not really.... 150 acres.

Permalink Reply by Z3z528 on April 7, 2014 at 2:40pm
Sad thing is 3mil is a lot of money, but truly isnt worth selling for. Especially when other formation could be at play for the future. With that amount of acreage you could set up your family for atleast another generation if correctly managed. Good luck!
Permalink Reply by scott peterson on April 7, 2014 at 2:44pm

Exactly....

Permalink Reply by The Rooster on April 7, 2014 at 2:48pm

the 3 mil is now and could set up a family for generations also if invested correctly. nothing is for sure until its in your bank account.   

Permalink Reply by Susan A Tippel on April 8, 2014 at 12:42am

I agree! 

Permalink Reply by Thomas Lilli on April 9, 2014 at 12:33am
My take on cash in your pocket now is, what will it be worth in 30 years compaired to the income of minerals. The income off your mineral wealth will always be indexed to inflation (if not leading inflation if O&G are still leading the inflationary tendencies and not taken into the inflation equation) you may always stay ahead of inflation when your income is tied to a commodity). On the other hand if you put 2014 dollars in the bank and we get a seventies dose of inflation, you may loose a good portion of that wealth over thirty years. If you put it in the market, your making a different bet but still tied to inflation. JMO.
Permalink Reply by The Rooster on April 7, 2014 at 2:49pm

that's pretty large scott..lol

Permalink Reply by scott peterson on April 7, 2014 at 2:56pm

Thanks Buckeye nice of you to notice hahaha...but seriously i will sell at a certain price but until then the area is hot so ill wait it out until offers go higher or i end up in a unit. 

Permalink Reply by The Rooster on April 7, 2014 at 2:59pm

would you try to omit the Trenton black river if you sold? I wonder if that changes the offer much.

Permalink Reply by Z3z528 on April 7, 2014 at 2:59pm
Either wait for a unit or your current lease to expire and go for a better lease next round. I got a little over 2yrs left on my lease till my 5yrs are up. I figure with infrastructure still needed placed and processing plants. I could be in a great position for my next lease. Time can only tell

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