$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 3:03pm

Im about half way thru my 5 yrs. so that factored into my decision to hold out too, When you look at all the variables, pros, cons, etc it is mind blowing. I think on the Trenton question it is a definite good option to consider & yes it will detract from the selling  value & potential offers.

Permalink Reply by The Rooster on April 7, 2014 at 3:06pm

I think for most of us this is on our minds constantly. I have to say though, this is the best problem i've ever had..lol.

Permalink Reply by Z3z528 on April 8, 2014 at 1:22am
I agree. Especially the Trenton, who know what this could produce. Very well could put the marcellus/utica to shame. Ive always been an advocate of owning land. Just wish i was older and had more opportunities to purchase land at a more reasonable price. Being 30yr old i havent been established enough to be finacially capable to acquire land. But i am thankful for what i do have. And Yes buckeye2600, i will have to completely agree on this being a good problem to have. I cant say this will be any burden in my decision making
Permalink Reply by forutica on April 7, 2014 at 3:06pm
I got 5 acres in Millwood/ Guernsey with 20% gross lease that I would sell for $19,500 PR acre
Permalink Reply by Jack Gray on April 8, 2014 at 3:10pm

1.  Everyone says they've "Heard" of 19K, 23K etc., though has anyone been paid this yet?  Having an "Offer" and actually having the cash are 2 things on completely opposite ends of the spectrum.  Even if an offer were made, I assure you there isn't an investor in his/her right mind that would pay 19K-23K for non-producing acreage.  It may have hit 19K through KWGD, though those days have come and gone, it won't happen again for non-producing acreage.  Don't forget, when it comes to mineral purchasing, competition drives the price.

2.  Whomever said they are "Holding out for 40K per acre"  god bless you.  I don't smoke anymore (Too old), though if I did, I'd be direct messaging you for your address immediately.     

3.  The Trenton/Black River will never be produced efficiently, nor will it ever be profitable in our lifetime.  If that formation were so ideal, drilling companies would be drilling that formation, then going back to the Utica, thus deeming the Vertical Pugh Clause you pushed to have in your lease worthless.  As we all know, they aren't.

4.  I understand the obsession some of us fall into with the shale play that has now encompassed us.  That said, it has caused many of you to lose your sense of reality, especially with the valuation of your mineral rights.  Remember, just 10 years ago, 98% percent of us would have sold our minerals and land for $1,500-$2,000 per acre, maybe less.  My pappy always used to tell me..."PIGS GET FAT, HOGS GET SLAUGHTERED".  If only more of us heeded such wise words.

Permalink Reply by mary ellen on April 8, 2014 at 4:18pm

Nice try miineral buyers.  The cat's out of the bag.

0i7okn54zwbdoPermalink Reply by 0i7okn54zwbdo on April 8, 2014 at 4:22pm

Mary Ellen,

There's a balance between the sharps trying to pull a fast one and the rumor mill and its ability to get out of control quickly.  

Permalink Reply by Jon on April 8, 2014 at 5:31pm

Who knows how many of those offers are just scams

Permalink Reply by scott peterson on April 9, 2014 at 12:59am

Kind of looks like some slanted propaganda to me too..... joined the website today just to post the above. Also listed as a gas professional..................some of what you say is true but i believe you have an agenda sir..............

Permalink Reply by Z3z528 on April 9, 2014 at 1:35am
See i can only agree with your last statement. But thats my opinion and a lot of the talk on here is opinion, thats why its a forum. I truly believe that land in ohio is way inflated and hopefully in the future it doesnt get ruined from greed of money. I value my land as priceless to me, and will never sell out unless forced to due to some unforseen reason. I love to be able to work on my land to optimize its potential and use it at my own leasure. I just disagree when you state about the trenton/blackeiver. Who knows what it could entail in the future, along with other formations that could be reveiled in the future, time will only tell. We are just being optimistic about future situations. But a good amount of us here are here to find out what is going on and to be informed of what is to come. We as landowners dont want taken advantage of from the greed of these multibillion dollar companies. I almost wish this shale play would have never came into play, due to the fact i will most likely never be able to add more acreage to my property at a realistic value. Enough of my rambling.
Permalink Reply by Susan A Tippel on April 9, 2014 at 1:53am

Yeah, I figure my place is ruined. There will surely be a well within hearing distance or seeing distance and probably gathering lines, etc.   No more peace and quiet, which is the only reason I bought the place. Fortunately, I do not live there. But this was bigger than me and it will go on if you take the money or not. Sad, really the whole area is ruined.  Where to go where it isn't.

Permalink Reply by scott peterson on April 9, 2014 at 2:00am

Some folks, alot Amish have been selling the minerals then doing a 1031 tax deferred exchange on new land out of the area where they can live peacefully w/o the hub bub again. 

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