Replies to This Discussion

Permalink Reply by Max on February 24, 2015 at 3:31

Parker, I guess the down-side to owning minerals is making the decision to sale if an offer comes along...and then living with that decision.

Some folks will say, "that's not a down-side", you're making money either way, you should count your blessings. 

But...it's hard to count your blessings when they could have been much more.

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Permalink Reply by Bobi Carr ("parker") on February 24, 2015 at 7:07

Max,

I do very much count my blessings, either way.

My point was that someone who does not know your situation cannot give good advice.  Even then, no one can know with certainty what the market will do.

The problem is that some will give advice as if they understand all the variables.  No one can be SURE.  

There is NEVER a one size fits all with any type of investment.

I'm sure that some folks believe that they have the answer and probably have good intentions.

I just believe they do everyone a disservice when they try to vilify everyone that is involved in the industry.

Permalink Reply by Jesse Joyner on February 25, 2015 at 5:46

Parker, many, if not most people, don't know good advice when they're told it. It really doesn't matter the source of whom the advice is coming from, be it anonymous or an established entity. What matters is if the advice is honest and true and ultimately financially beneficial.

Also, good advice might be specific to the person it's intended for and also might be a long-term view, i.e., not a quick fix, not a short-term flip/profit as is somewhat common with certain corporate folks these days.

In other words, in the oil patch, rarely does anything happen real quick. There will always be boom and bust cycles. So superior long-term advice might not clarify until an economic cycle has had time to play out.

With NG, the bust was clear in hindsight. Many did not see it coming, including Aubrey CHK M.

And now, what's not so  clear is the timing on the upside NG cycle. For those who want easy, conventional advice and who follow the so-called herd, those folks will always be at the mercy of the sharks.

The true visionaries of investment seek the truth that sometimes only can be found outside of the proverbial box.

And since it seems you really don't want to sell your minerals because you now want what you can't get and since you mineral location isn't being shared with us, that sorta means that the hindsight advice as it applies to a lost opportunity could also apply to those who share your views in the future.

Some on here see the bright future of NG and the coming usage boom. The facts are there for all to find if they look for them. Yet the big question is when NG demand will truly pick up.

Maybe if an anonymous source like Les B. was still on sharing his thoughts on GHS, maybe he would advise with his thinking at to what the future might bring. Many always thought his advice was quite honest and clear to those who would listen or to even those who interviewed him.

Of course, there were many others who gave honest advice on GHS without having money-making intent on a flip or on a mineral buy or lease, etc. 

That was what made GHS so great in its early years. The honesty of the savvy insiders who stayed anonymous and who shared their insights, not wanting compensation and not needing to shave any points in order to buy minerals or to ink a lease or to hide their true intent.

Sadly, those days are gone.

Permalink Reply by Dino Roberts on February 21, 2015 at 3:19

I get about $25-30 PER YEAR from my royalties...should I put those in an LLC  and never sale them and leave them to my 6 kids ?

how are minerals located in the Logans port oil field, if there is no production from them; would there have to be production to be actually located in a oilfield ? does that mean all minerals are located in a field if they are close to a oil well ?

I am gonna leave my 1.5 acre of minerals to about 1000 different people; that really makes the most since;

thanks, Jeb

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Permalink Reply by Skip Peel - Mineral Consultant on February 21, 2015 at 3:31

Jeb, a lot of mineral owners in the Logansport Field could say the same.  However some of the Logansport Field did have commercial Haynesville Shale wells and those fortunate landowners made some good royalty income.  No decisions concerning the management of minerals should be made based on any experience that is longer ago than say six years.  That is because the nature of exploration and production has changed from conventional reservoirs to unconventional reservoirs.  It's a whole new ball game.

Areas where production has been established eventually gets a field name.  The size of the field generally depends on how far step out wells were determined to be commercially productive.  Since the vast majority of fields were established for conventional reservoirs and conventional reservoirs have limited productive foot prints, you'll find named fields scattered all across NW LA.  Unconventional reservoirs tend to be continuously productive over large areas so they can span multiple fields and the areas in between that never had historic production.

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Permalink Reply by Dino Roberts on February 25, 2015 at 5:51

i am confused ??

if I should "never" sale minerals or royalty, even if for $1,000,000 per acre, cause never means never ?

does that also mean that I should be trying to buy my neighbors, even if for $1,000,000 per acre, cause they are too valuable to even sale at that price, since I should "never" sell ??

cannot have it both ways ?

right ?

 

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Permalink Reply by William Howard Pritchartt on February 25, 2015 at 7:14

It seems to me that this discussion on this particular issue is the only thing that "never" seems to end or be closed as the minds of some who post have closed minds.  Never debate with close minded individuals.  It is only an exercise in futility.

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Permalink Reply by Briain on February 26, 2015 at 6:52

Even the  most knowledgeable and experienced oil men sell their minerals and royalties. I do it all the time. 

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