I live in Carroll County, Ohio. I signed a lease with Chesapeake a year ago. They are getting ready to drill a well at the end of my road. They are saying it will involve 1200 acres and have 6 well heads. My question is, I have been contacted by a royalty company that wants to buy my royalties. They are offering $6,000.00 an acre. Has anyone done this? Any help you can give would be appreciated; this is all new to us here in Ohio.
Get a good lawyer! It looks like they are talking about $7,200,000… No reason to argue if you own the rights as 7 big ones will handle any problems you and your family might have.
$6000 an acre sounds way high… especially from CHK which has been pulling back recently on drilling. So you need a good lawyer, even if it costs… spend the money. It will be well spent. Good luck.