I’m getting offers to buy my net mineral rights acres in Ritchie County that were passed down from my great grandparents. I spoke to someone who lives there who told me not to sell. My lawyer is looking over the lease plus the offer to buy outright. How much are folks being offered by Antero?
Thanks much.
Don’t sell, typically when you start getting offers, they known you’ve got something they want. Just hang tight, educate yourself for when you get a lease offer, typically you’ll get a low ball offer, you can counter offer. I also inherited Mineral rights in Ritchie county, I educated myself for a whole year, counter offered the lease Antero proposed and added some must haves, and pretty much got what we wanted and more money, now I have two leases and could get more, money in the bank with a potential of a lot more to come. Since we signed the leases, I’ve been receiving lots more low ball offers to buy me out, even from Antero, DON’T DO IT. Plus if you get a lease offer, make sure that they drill to the marcellus shale and if they drill down to the point pleasant and Utica, make you have it stated in the lease that would be another lease, more money. Make sure in the lease you state after five years you can renegotiate the lease, if an antero worker gets hurt, it’s not on you, also if the equipment breaks down, they don’t dock repairs from your money. Educate yourself and don’t sell your rights. Currently there’s a huge drilling pad being built out Pullman rd, I spoke to a worker there and they say it’s the biggest one ever worked on and lucky me.
I own partial rights on several parcels. I really don’t understand half of what I’ve been sent. I really would like to sell my portions. How much do you think would be a fair price? Is there an approximate price per acre? Any help would be appreciated. Thank you.
Each property and case is different, contact a lawyer 
don’t do anything until you have knowledge of it and understand what you have, you couldbe setting on income that would set you up financially for life and your children and so on. I hope this helps
Where do I go to get educated? Please send me in the right direction.
And, I’m inclined to sell if only i knew what it was worth. I’ve never had any payouts, royalties, etc. They sent me a lease that they will pay me $500 signing fee and then an offer to buy for a bit over $4K an acre which are both now with my attorney. They add to the hard pressure sell by giving 15 day offers which I reckon is bull crap.
Look up oil and gas sites on Facebook and Google lookups, ask folks that haves leases, about their experiences and what they would have done different. Also the Facebook page, oil gas properties marketplace has a wealth of information and you can ask anything and you get educated answers, just start digging into it and legal advice is pretty good, but I wouldn’t rely solely on it. Good luck
Thanks Pullmanfarm. I posted in the facebook page and the first response was from an Antero landman who told me all an oil and gas attorney was gonna do was charge me $500. Antero must be sitting on a Marcellus gold mine.
Landmen get big commissions for landing leases and stealing your mineral rights for pennies on the dollar. Attorneys are optional, you may not need one after you start digging into the process and legalities. Good luck
You can go to the Ritchie County database for documents IDX Search Ritchie County and just for something easy search under name: Antero Minerals and date: the last several months. The sale of minerals (oil and gas) is in the category requiring a price, and from the other information maybe you can calculate an approximate per acre amount. Remember gross acres (the whole tract) is usually more than the net acreage being sold, that is, how much of this whole property does this individual own? See if that helps.
The National Association of Royalty Owners (NARO) is dedicated to education and advocacy for mineral owners. There is an Eastern Chapter that covers WV, OH, PA, KY, etc. www.naro-us.org. They have a webinar library that members can watch for all sorts of topics, conventions, townhalls, zoom calls, etc. Several of the past and current national directors are on the forum answering questions all the time. They have an introductory one year subscription for $75.
The events list posts upcoming items. In fact, there is a zoom call tonight that talks about the upcoming Eastern Chapter convention. NARO - National Association of Royalty Owners - All Upcoming Events.
Learn how to use the WV GIS map to find out what is going on in your area. WVDEP Oil&Gas Well Information 207.
If you are getting offers, there is usually something about to happen, In general, the buyers use a formula that accounts for about three-five years of production and they discount the offer for the time value of money. These horizontal wells can produce for many years beyond that. That is how they plan to make a profit. Some buyers only buy current production and then make their profit on the additional wells in the future. Others pay a bit more if they know wells are drilling right now or are pending in a few months.
For a quick start, read the Mineral Help tab above.
Get informed and then you have more power. You can keep it all, sell it all, or sell some and keep some.
Don’t believe a word that any landman tells you because all they want to do is steal your minerals for pennies on the dollar. It’s in the best interest of the landman to acquire anyone and everyone’s minerals because that’s how they make they money. Once you sell your minerals then that’s all you get is a one time payment which will be nothing any where near what you will receive over a few years of your royalty payments.
My mother just got a second letter from Antero for her mineral rights in Wetzel, County. We had no idea there were mineral rights in our family until Antero found us. The total gross acres were 51.12500. Sad to say, a bunch of my family members have sold theirs. It’s broken down into about 0.8 net acres. I know that’s not a lot, but I knew if they were trying to buy it…they found something. They want to pay mom $4.633.21. My sister and I told mom not to sell it! Why would you sell something your family passed down that could be beneficial for your family? I just started educating myself on this and am here in the forum trying to learn everything I can. Just extremely sad how this company is stealing everyone’s mineral rights for basically nothing. I hope to learn all I can from everyone here!
In areas where there is a good bit of fractionation from generations splitting up mineral rights, there are usually buyers or operators that love to buy those up in active areas. Especially where there is activity.
You can learn from the Mineral Help tab above. Also use the GIS map link below to look up your area and see where wells are and where new permits are listed. The buyers usually offer a three-five year cash flow discounted for the time value of money. Wells make far more than that.
