Received AEU Minerals Offer Letter to purchase our O/G interests

Did anyone else receive a letter from AEU Minerals, offering to buy your mineral rights? We received our letter from AEUM, today. Our lease is with AEU, also. They bought it from Shell, our original lessee, a year after we signed with Shell. In one year and seven months our lease with AEU will expire. There has been no drilling as of yet. Our lease is for $5,000 an acre and 20% royalty.

Is American Energy Utica  trying to buy our mineral rights  now so they won't have to shell out another bonus check in Oct. of '16? Or are they finally getting ready to drill?

We are considering selling our mineral rights and have been sent a letter from Dorado Mineral & Royalty, LLC., Ft. Worth, TX., also. Does any one know of other companies we could contact to see if they are interested in our minerals, so to get the best offer? Our minerals are in Londonderry Twp., Guernsey county. We do not own the land, just the mineral rights.

Really could use advice as to how we should consider a price per acre if we consider AEU or any other company. AEUM stated in their offer letter they would beat any offer higher than their offer. There were no money amounts  offered in this  letter today.  What is the going selling rate for G/O interests/rights? New to this situation and would like all the advice/help we can get.

nc man

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Permalink Reply by adam sorell on March 16, 2015 at 8:39am

me too.  a holes still never paid me from 2013

Permalink Reply by nc man on March 16, 2015 at 8:52am

Are you referring to AEU not paying you after you sold your mineral rights to them? For sure they are a--holes! Sorry, man!  Do you have an attorney helping you with this? If that's what you mean, I will certainly take that into GREAT consideration!!

Thanks for sharing!

nc man

Permalink Reply by adam sorell on March 16, 2015 at 10:02am

i signed lease dec 2013 never heard from. got 1099 but never received any money. called them 3-1-14 said they get check right out. but nothing.

Permalink Reply by bo boboski on March 16, 2015 at 8:47am

I know people who were offered $20,000. per acre, but they were already in a permitted,but undrilled unit. That's mineral rights, ALL of the minerals. From surface to China. That was also before the oil prices fell!. You should get at least 1/2 that now! Would'nt settle for anything less.

Permalink Reply by nc man on March 16, 2015 at 8:58am

Now, that would be the kind of $$ I would consider. Maybe waiting till G/O prices go up would be the thing to do? Do you think they would buy when the prices rise or are they only interested now, while they are low? We are in a unit but don't think it has been permitted, yet.

Thanks, Bo!

Permalink Reply by Mark Allen on March 16, 2015 at 9:10am

there is a local real estate professional marketing minerals, they list them just like a residence,  once under contract the marketing begins, I believe they charge 6% once the sale is completed. 

Permalink Reply by nc man on March 16, 2015 at 9:17am

Thanks, Mark! Will consider that! At least we would have the $ in our hands. I live in NC so that would be a plus!

Grant AllenPermalink Reply by Grant Allen on March 17, 2015 at 3:04am

NC man.. inbox me. I have plenty of mineral buyers I can refer to you. 

Permalink Reply by countrygirl on March 17, 2015 at 7:42am

We also received the letter......but still waiting to be paid for pooling......I would definitely check around before doing that.....

Permalink Reply by adam sorell on March 17, 2015 at 8:55am

So what are they offering?? That is the question of most importance. I actually spoke to the guy Rhett Johnson. I wonder if they sent the letter out to everyone or just the people singed with AEP??

Permalink Reply by countrygirl on March 18, 2015 at 3:25am

So what did Rhett Johnson say they were paying....

Permalink Reply by nc man on March 18, 2015 at 4:27am

Have not contacted them and they did not give me a quote in the letter. Yes, would be interesting to know if the letters went out to just the people who have leases with AEP. Same day received letter from Dorado, Ft. Worth, TX offering to buy my rights.

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