[AT] Snow, also mineral rights

[Lew Best]

I really don't know the details of mineral rights but had a small place
(22.5 acres) years ago that I owned the rights to.  I leased the mineral
rights a coupla times to oil companies & when I sold it I retained half of
the rights.  A few years back I leased my rights again; every time this has
happened I've gotten a check for about 2 grand for a 3 year lease.  They
never have drilled there though.

Lew Best near Waco, TX
Please note new email addy 
lew at lewslittlefarm.com

-----Original Message-----
From: at-bounces at lists.antique-tractor.com
[mailto:at-bounces at lists.antique-tractor.com] On Behalf Of Herbert Metz
Sent: Wednesday, February 17, 2010 8:08 AM
To: Antique tractor email discussion group
Subject: Re: [AT] Snow, also mineral rights


Charlie, your second paragraph.  Big shot real estate attorney; he knew. 
We have an old  friend back in KS who inherited some mineral rights out in
SW KS; every year he receives one or two offers from various firm(s)
wanting to buy his mineral rights.  His opinion is they are wanting to
recover their investment in six to eight years.  Also, approx fifteen years
ago when Barbara and I toured the 90 year old oil field near Flat Rock, Ill
(hour south of Terre Haute) to observe the old single cylinder oilfield
engine that was powering the Power (short for Power Plant) that was pumping
seven or eight wells with this one unit.  Our guide, close friend of the
Power owner, told us that most recipients of the oil field monthly checks
were back east somewhere.  With todays mobile society and several
generations later, this is not surprising.  
Cecil, how about a photo of your Cat 112F road grader some time.
I can understand your anxiously anticipating some operating time with that
unit.  Hopefully it has a cab with heater.
Herb


> [Original Message]
> From: charliehill <charliehill at embarqmail.com>
> To: Antique tractor email discussion group <at at lists.antique-tractor.com>
> Date: 2/17/2010 7:46:44 AM
> Subject: Re: [AT] Snow
>
> I've always wondered what happens when the owner of the mineral rights
comes 
> to get his minerals from under your house?  A big paper company here
always 
> excluded mineral rights when they sell to developments but other than
that 
> most folks here own their minerals rights.
>
> I was in a continuing ed meeting a few years back where a big shot real 
> estate attorney was speaking to about 200 real estate brokers and 
> appraisers.  I asked him about the excercise of mineral rights in a Q and
A 
> session.  His eyes got as big as silver dollars and he dodged the
question. 
> I don't know if he'd never thought of it before, didn't know the answer
or 
> didn't want to tell us what he does know.
>
> Charlie
>
> ----- Original Message ----- 
> From: "Larry Goss" <rlgoss at insightbb.com>
> To: "Antique tractor email discussion group"
<at at lists.antique-tractor.com>
> Sent: Tuesday, February 16, 2010 9:08 PM
> Subject: Re: [AT] Snow
>
>
> You bring up an
> interesting point, Bob -- mineral rights. In the last 46 years of land
> ownership, I have never owned any property that included the mineral
> rights. It has always been reserved by coal, gas, oil, or other mining
> companies, and was often sold or leased decades prior to when I
> purchased the property. I grew up on a farm where we owned the mineral
> rights. I thought everyone lived that way. How naive I was.
>
> Larry
>
> ----- Original Message -----
> From: Bob McNitt <nysports at frontiernet.net>
> Date: Tuesday, February 16, 2010 19:20
> Subject: Re: [AT] Snow
> To: Antique tractor email discussion group <at at lists.antique-tractor.com>
>
> > Farmer -
> >
> > In many areas laying over the massive shale formations
> > containing
> > natural gas, the price of once good agricultural land is
> > skyrocketing as
> > buyers with deep pockets hope to get in on the royalties of
> > having gas
> > wells or pipelines on the land. Of course this also raises
> > assessed
> > values and land and school taxes. Common folks seeking to buy a
> > piece of
> > rural land to farm on, retire on or maybe just escape the cities
> > are
> > being left in the dust of the natural gas drilling craze.
> > Farmers in the
> > prime shale areas are being increasingly tempted to sell to
> > speculators
> > that are willing to pay top dollar for larger acreages they can
> > then
> > lease as well clause in an agreement that allows them to sell
> > portions
> > off for cluster development projects. I'm afraid if this keeps
> > up, we'll
> > soon be importing almost all of our food stuffs and the only
> > places
> > you'll see farm tractors and equipment will be in museums.
> >
> > Bob
> 


_______________________________________________
AT mailing list
http://www.antique-tractor.com/mailman/listinfo/at

No virus found in this incoming message.
Checked by AVG - www.avg.com 
Version: 9.0.733 / Virus Database: 271.1.1/2692 - Release Date: 02/16/10
13:35:00