Royalty buyers between Keatchie and I-49

Has anyone recieved letters wanting to buy mineral in this area. I understand that some are getting offers of $16,000 to $18,000 for their reserved minerals to Suncoast/Chasapeake.

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Permalink Reply by George James on November 24, 2008 at 5:17
MC Minerals, a division of CHK has made offers in the last week or two ranging from $16K to $22K an acre to buy minerals in certain areas. I have considered selling a portion of some of my interest.
Permalink Reply by Bobi Carr ("parker") on November 24, 2008 at 5:21
George James,

As I stated earlier. I would check with 20oaks.com before I sold to anyone else. I believe that they are a reputable company. I would recommend them.
Permalink Reply by The_Baron on November 24, 2008 at 5:39
I agree with parker,

While I know nothing about 20oaks, I would shop around.
Permalink Reply by The_Baron on November 24, 2008 at 5:53
KB,

You have to admit to some its an attractive offer.

Think if you worked at GM, and your future is uncertain. Having that cash now might make sense.
Permalink Reply by The_Baron on November 24, 2008 at 6:06
Didn't Mamahon just loose his mansion to foreclosure? He may need to sell his minerals.

Then again, are there any minerals in Malibu? He may be out of luck.
Permalink Reply by The_Baron on November 24, 2008 at 6:10
lol
Permalink Reply by ALongview on November 24, 2008 at 6:35
George, What areas? What area are you considering selling in?
Permalink Reply by Bobi Carr ("parker") on November 24, 2008 at 12:54
Spring Branch, Jim Krow, whoever,

If I understand Spring Branch's estimation of .0075 ORRI as $3656.25 over the life of the play for 1 acre.

That only comes to $97500 per acre @ 20% royalty.

Based on said assumptions. ($2.34 million per section leased over the life of the Haynesville assuming $6 gas, 6.5B's per well, 8 wells per section.)

DO I HAVE THIS RIGHT?
Permalink Reply by Bobi Carr ("parker") on November 24, 2008 at 13:06
KB,

Using Spring Branch's figures - I want to know if I figured right.
Permalink Reply by Two Dogs, Pirate on November 24, 2008 at 13:10
KB MC Minerals is not buying royalty acres they are buying mineral acres, with varying amounts depending on the reserved royalty amount.
Permalink Reply by BirdDawg, plain ole' idiot on November 24, 2008 at 14:20
KB,
I agree. Twice puppies, I have a problem with that terminology.
Permalink Reply by BirdDawg, plain ole' idiot on November 24, 2008 at 14:21
I think it is all McPoop

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