We have been approached to purchase our OGM, with what it seems to be decent offer. Please advice other amounts people have been offered and/or accepted? We are located in Tioga County, PA.
We mostly likely will not sell the OGM, we are young and can wait for the potential royalties. Thanks!
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Permalink Reply by JJ Morgan on July 5, 2015 at 1:36pm Do you mind sharing the amount you've been offered, with whom, and location in Tioga?
Permalink Reply by JJ Morgan on July 5, 2015 at 1:33pm Travis Peak is offering 2,000.00 per acre in their proposed lease, but the contract is loaded with deduction crap. Our minerals are located in Westfield. You really need to consider having a lawyer check over your offer because the tricky wording will cost you if you don't.
How long ago did you receive the above offer? I know of folks who did considerably better with Travis Peak and fairly close to you! Even the fine print was agreeable.
Southwestern offered us a $500/acre, 15% royalty lease for our 40 acres in Morris twp. They seem to be pretty active between Morris and Liberty.
Permalink Reply by Mike Herceg on July 7, 2015 at 6:29am That what Keven posted is the same SWEPI offered last year about this time, Seems like they have the area locked down. Make sure you have an attorny look at your lease before you sign and address any of your concerns in addendums.
Also use caution in selling your OGM, Once you sell - they are gone and you may not get any royalties. You want to "Lease" with a reputable company
Permalink Reply by Tarri Elaine Bryson on July 7, 2015 at 1:45pm I live in Wayne county WV, called one of those businesses looking to buy mineral rights, all i was offered for 10 acres I own was 1000....NO thank you!
Permalink Reply by Darrell Weaver on August 2, 2015 at 6:52am I was offered 2000 per acre in Clymer Twp Tioga County...........I said no thank you perhaps 20K an acre I might consider it...............
Permalink Reply by Darrell Weaver on August 2, 2015 at 7:13am I just reupped with shell and my offer was for mineral rights
Permalink Reply by Darrell Weaver on August 2, 2015 at 7:18am some goofball offered to outright buy mineral rights
Permalink Reply by Darrell Weaver on August 2, 2015 at 7:19am I renewed my lease with Shell
Permalink Reply by Darrell Weaver on August 2, 2015 at 7:55am not off hand I have had 3 in the last month
Permalink Reply by william Allen. Ladd on August 2, 2015 at 1:39pm We had $200,750 offered for our mineral rights last spring. We used his letter offering this amount to light our kitchen cook stove. We had other offers to discuss our mineral rights with no dollar amount mentioned. These were also used to start our kitchen cook stove fires.
Bill L
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