Hang in there!
With the new Plant in Wyalusing looking like a go, things should start getting interesting I think. They are going to need to pull a lot of Gas to feed that monster!
I received a call from a Mineral Rights buyer last week offering me $200k for my rights on my small parcel so I can only assume that things are going to happen soon! I told them I am not interested as I can only guess what they are forecasting as value if they are offering that kind of money.
Hold tight and keep your fingers crossed if you are not making any $$$ now as better days appear to be coming.
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Replies to This Discussion
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Permalink Reply by Deb Reynolds on
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Hi, I hadn't heard about this yet, can you give me the details? (Tioga County, but interested!)
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Permalink Reply by Ken Gibbs on
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Deb, just google it or look in the posts here for Wayne Miller's post on the plant for Wyalusing.
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Permalink Reply by Rob Smith on
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You should be getting ~7000 per acre to lease your mineral rights for 5 years which comes out to ~203k. Selling your mineral rights should be much more per acre because the amount you'll get when/if your property goes into production is 20k - 40k per acre.
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Permalink Reply by Ken Gibbs on
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Leases are not bringing that kind of money anymore in my area. Initial leases were $6k and then went down significantly after that. $7k per acre leases in our area are gone and they are drilling now so leases for us won't be negotiated.
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