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Old October 9th, 2019, 08:14 AM #71
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Originally Posted by Pushrod View Post
i have 141 acres in Randolph county with all mineral and timber rights intact. They are out there if you look hard enough.
Looking to sell?
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Old October 9th, 2019, 10:56 AM #72
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You’re not powerless as the surface owner. You still have to negotiate right of ways, rent, free gas, and/or additional royalties (typically an “overriding royalty” because it is over top of the mandatory 12.5% that goes to all the mineral owners).


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What do you mean mandatory 12.5%?

To the surface owners?

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Old October 9th, 2019, 11:57 AM #73
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What do you mean mandatory 12.5%?

To the surface owners?

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No, to the mineral owners. Gas and oil companies typically only lease the drilling rights. They’ll pick a spot, drill, then whatever comes out of the whole the mineral owners gets an automatic 12.5% as a royalty, off the top, pre-expenses. This is state law.

But other parties can negotiate royalties above and beyond that, overriding royalties, because they override state minimum of 12.5%.

One of the most common awards to surface owners for dealing with wells on their property is “house gas” or free gas.


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Old October 9th, 2019, 05:56 PM #74
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Originally Posted by Hollywood Ball View Post
No, to the mineral owners. Gas and oil companies typically only lease the drilling rights. They’ll pick a spot, drill, then whatever comes out of the whole the mineral owners gets an automatic 12.5% as a royalty, off the top, pre-expenses. This is state law.

But other parties can negotiate royalties above and beyond that, overriding royalties, because they override state minimum of 12.5%.
I did not know this, thanks.
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Old October 10th, 2019, 07:13 AM #75
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Looking to sell?
A cool million and its all yours!
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Old October 10th, 2019, 07:15 AM #76
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A cool million and its all yours!
Ha, a bargain!

I'm going to end up a good ways East I think, maybe Hampshire County. Prices go up quite a bit it seems, but,.... easier/faster access.
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Old October 10th, 2019, 07:30 AM #77
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I got family on a big farm right outside of Petersburg, travel out there a lot.

A few years ago they got hit pretty good with gypsy moths. Someone who owns a cabin up the mountain paid for a aerial spraying, they probably lucked out a little with some overspray maybe. It was several thousand to get someone to do that last I heard

The forest service sprayed like 10 years ago or so when they were getting close to the monongahela national forest but they didn't this time 2-3 years ago. Farm property backs right up to it
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Old October 13th, 2019, 05:05 PM #78
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Ha, a bargain!

I'm going to end up a good ways East I think, maybe Hampshire County. Prices go up quite a bit it seems, but,.... easier/faster access.
Given where Pushrod is located, yeah, actually a mil for that much acreage actually is a bit of a bargain.
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Old October 13th, 2019, 05:59 PM #79
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Given where Pushrod is located, yeah, actually a mil for that much acreage actually is a bit of a bargain.
The values seem to vary widely. I haven't spent a lot of time (yet) researching sales.

I've seen as low as exactly $1k/Acre all the way up to around $5K for ground that is around 50% pasture/"flat" ground.
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Old October 13th, 2019, 06:31 PM #80
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Keeping in mind, AG (immediate income producing) parcels in Cecil, Kent, Harford, QA (and other) Counties is selling between $7,000 and $9,500/acre in decent size parcels. While I'm not trying to make a direct comparison to mountain parcels, just saying it doesn't make a whole lot of sense to buy ground with limited use, particularly if there is an element of an adverse easement(s) and/or future mineral rights worries. Or, at least not pay as much as what those useful parcels sell for.....

I wish it were a possibility to stretch my search area a tad further West but I'm afraid it will hamper my Wife's interest in making the ride as often as I think I'm going to want. I'm fully envious of you guys whom have been able to jump in feet first!
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