thinking about selling mineral rights..

  I WOULD LIKE TO HEAR FROM ANYONE WHO HAS INFO. ON HOW MUCH OIL AND MINERAL RIG HTS MIGHT GO FOR IN CLAY DISTRICT, WETZEL COUNTY WV? THINKING ABOUT SELLING MINE. I AM THINKING ABOUT SELLING MINE, NO WELL HAS BEEN DRILLED AS OF YET ON THIS. I HAVE READ SOME OF THE PROS AND CONS ON THIS MATTER. ANYONE DEALT WITH A COMPANY THAT SEEMS OK? I GET MAIL ALL THE TIME ABOUT IT BUT YOU ALL ARE THE BEST ON HERE WITH ADVICE...THANKS

Views: 2156

▶ Reply to This

Replies to This Discussion

Permalink Reply by DONNA M SELLERS on October 23, 2014 at 1:49am

Thanks Jesse...?....NOT...Im 67 years old been reading and think I know a lot of legit people on here..Dont recall saying I was reading the Bible and taking every thing to hart on here..geez...

Permalink Reply by jason irvine on October 23, 2014 at 4:00am
Donna. This is a tough subject. If you have children or heirs that you care about you might want to consider the future for them. But at 67 I understand your interest. You are a young women and wouldike to enjoy the money now, not when you are a 100 lol. As seen there are alot of changes in this area. The value of minerals in this county has yet to be settled upon. If I were to guess.....8 to 9k a acre to sell.

Good luck and I hope everything works out great for you
Permalink Reply by DONNA M SELLERS on October 23, 2014 at 6:05am

Thank you    Jason...

Permalink Reply by jason irvine on October 23, 2014 at 9:20am
FYI Donna. I also own property on the wetzel tyler line so I am not just throwing out a number. That number is what I would possibly consider if I were selling. But I believe it will be proven that it will be worth more and produce alot more over the years. We have wet gas in two layers and now monsterror dry gas wells. There coming
Permalink Reply by searcherone on October 23, 2014 at 7:00am

Donna,  I am reading a lot of mineral deed transfers over in neighboring Monroe County Ohio where landowners are selling 50% or 25%, even one for 33% of the mineral rights.  To me that is like eating some of the  cake and having some cake to eat later.  

Permalink Reply by DONNA M SELLERS on October 23, 2014 at 8:28am

thanks.. searcherone

0ym9x5ag7ury2Permalink Reply by 0ym9x5ag7ury2 on October 23, 2014 at 1:52pm

Call Jeff Rokisky, the WV Lawyer who operates in OH, PA, and WV. He has the best method you will find for selling. I would use him if I couldn't wait for the drilling.

Briefly:  Estimate value of minerals by assessing local wells.

Hold auction with 25 or more companies.

Was taking 6% which ensures you will get the best price since he wants a percentage of the highest amount he can get for you.

Sell any other way and you will lose compared to Jeff's method.

Permalink Reply by Nancy LeNau on October 23, 2014 at 3:01pm

Donna,  Ron just gave you some great advice !   Good Luck and God Bless...

Permalink Reply by Patrick Donnelly on October 23, 2014 at 2:13pm

Donna I know of a small prvate equity firm that is i the busness of buying rights from landowners in the PA/OH area.  I met with one of the principals recently.  There are pros and cons from what I gleaned.  They, the buyer, takes on production and commodity price risk, but you the owner give up opportunity.  I could certainly put you in touch and you can take it from there.  I would be happy to assess the deal if you would like.  As a investment analyst and financial advisor I understand asset valuation methodologies, but I cannot tell you that it is a good or bad move.  I can lay out the numbers and the assumptions.  

(617) 589-3408 work number

Permalink Reply by al raptoria on October 24, 2014 at 4:57am

Why not do a 50%-50% - Sell a 50% interest on the limited shale plays (protecting surface and other minerals, keep those out of the sale!)  while retaining a 50% leasing interest. Siltstone is doing that deal all over WV and Ohio...new office opening up in Parkersburg. Google them.

Permalink Reply by Adam Martin on February 5, 2015 at 4:01am
Hi Donna - Interested to know if you found anyone to help answer questions regarding the sell of your mineral? With the impending vote on Forced Pooling in WV, my family is also considering a sale of our minerals. I've seen amounts ranging from downright offensive to pipedream and I'm not sure what to reasonable expect if we do go the route of selling. Any info would be greatly appreciated.

Thanks
Permalink Reply by DONNA M SELLERS on February 5, 2015 at 5:12am

I was offered any where from 2,500 to maybe 6,500 but that was back in OCT. I decided not to sell no matter what. As long as I am living it will stay in the family. And I hope after I have told my children all the lies and crooks this industry has associated with it they will to....

RSS

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

Badges  |  Report an Issue  |  Terms of Service