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Every Thing Else Board
Poll: Economic forecast for America by CT Members
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<blockquote data-quote="backhoeboogie" data-source="post: 706465" data-attributes="member: 3162"><p>You can also lease those minerals and flip them. I paid $75K in chum money and leased acreage on a 3/16 royalty. That was pretty scary for me. I flipped it to Chesapeake for $125K chum money and 27% royalty. So now I am netting just over 8% royalty and make a few nickels on the chum money. I'd like to find some more of these deals. </p><p></p><p>I haven't said much since Lammie asked me to quit bragging. For some reason she gets upset when I talk about gas. So it has been months since discussing it in this forum. As bad as the gas royalty prices are, they are still sweet as be nice in my opinion. The Haynesville Shale is really nice. Barnett is not bad at all.</p></blockquote><p></p>
[QUOTE="backhoeboogie, post: 706465, member: 3162"] You can also lease those minerals and flip them. I paid $75K in chum money and leased acreage on a 3/16 royalty. That was pretty scary for me. I flipped it to Chesapeake for $125K chum money and 27% royalty. So now I am netting just over 8% royalty and make a few nickels on the chum money. I'd like to find some more of these deals. I haven't said much since Lammie asked me to quit bragging. For some reason she gets upset when I talk about gas. So it has been months since discussing it in this forum. As bad as the gas royalty prices are, they are still sweet as be nice in my opinion. The Haynesville Shale is really nice. Barnett is not bad at all. [/QUOTE]
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Poll: Economic forecast for America by CT Members
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