Have offers to buy mineral rights stopped?

I don't know about anyone else but it seems all offers to buy my minerals have stopped. I was getting at least one offer a week to buy my minerals here in Wills Township in Guernsey County. But I have had none in the last month and a half... What's going on? Has anyone else experienced the same. I know oil prices are down but it seems that the mineral rights are still a valuable commodity. Are they running out of money or what? 

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Permalink Reply by rmc on September 5, 2015 at 11:12pm
Yes
Permalink Reply by deutchen on September 6, 2015 at 1:45am

I sold half my minerals before the market dropped out when most people on this site were yelling "don't sell. Only an idiot or someone about to go bankrupt sells their minerals". Now I'm really kicking myself in the butt. I should have sold out 100% before their value dropped so low & may never recover. The way drilling has slowed to a crawl, companies going bankrupt & royalties dropped I'm happy I did at least half though.

Permalink Reply by rmc on September 6, 2015 at 4:24am
I hope for you're sake that they don't file a partatian suit with prices for mineral rights dropping like a rock and all.
Permalink Reply by rmc on September 6, 2015 at 4:30am
Or maybe you had good counsel and didn't sell an undived interest?
Permalink Reply by Tim on September 6, 2015 at 7:16am
Thank you for expressing a real life point of view, which runs counter to many of those who claim any buyer is 'trying to steal' their minerals.

OGMs are an asset class just like any other, and like other asset classes, emotions tend to run high. However, buying and selling minerals, is always a decision for the owner, based on their OWN financial situation, which can and usually very different from ever other OGM's financial situation.

Thus, giving advice in a vacuum, is always dangerous.

There are still buyers around, in the 'fairways' although the appetite for mineral rights outside of the primary fairways has dropped off considerably.
Permalink Reply by Puzzled on September 10, 2015 at 11:15am

where would you say those fairways are?

Permalink Reply by scott peterson on September 14, 2015 at 4:01pm

Kicking myself too as I turned down a legit 19,000 acre offer last year...hind sight is 20/20!

Permalink Reply by Mark Patrick on September 10, 2015 at 10:37pm

We are getting about one offer a week to sell our rights in Hanover Twp.Washington county Pa.They usually do not include price per acre but some offer 5000-7000 per acre or more depending on contract terms.We are in a unit that has a well on it but is not in production yet.We are currently getting a pretty nice shut in payment per month as my 5 year lease is up.We had a 18 month limit for shut in written in the contract with only two months left on it.It should be real interesting what will happen here if the shut in term expires as they have not offered me a new lease yet.Iwould think if they were not interested in our property they would have dropped the shut in payments already. I have some thought they may be trying to buy our rights through one of these companies.We will not sell our rights and will let this play itself out and see what happens.

Permalink Reply by B. Jones on September 10, 2015 at 11:55pm

Could you define what "shut in " means?  Thanks.

Permalink Reply by Ken Barton on September 11, 2015 at 12:07am

Shut in refers to a well that is in production, but the production and sale of the oil and/or gas is temporarily halted, usually because of low prices or maintenance of the well.  It is a temporary payment made to keep the lease in force while no royalties are being paid.

Mike MurphyPermalink Reply by Mike Murphy on September 11, 2015 at 1:25am

That 18 month limit on shut in payment means after 18 months the producer does not have to pay a shut in payment ........you will not see a new lease because they have already drilled on your lease '''''so in 2 months you wont get shut in payment but you are HBP

Permalink Reply by Janice L. Hancharick on September 11, 2015 at 5:02am

I don't think that is written in stone, Mike.  Wouldn't the outcome of the post shut-in clause be determined by whatever fine print exists after that?

If it's not that's another fine item to be included in leases yet to be negotiated.

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