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To: Smokin' Joe

In SE Ohio I recently leased the gas rights to an Ohio company. I get a nice annual check until they start drilling and then I get free gas and a nice monthly royalty. That monthly check should be about $500 but could be as much as $3000. Not bad for 130 acres of trees and hay fields.


14 posted on 08/21/2009 6:08:04 AM PDT by RadiationRomeo
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To: RadiationRomeo

Bank as much as you can. Sometimes the wells deplete rapidly, and the income with them.
I hope that is not the case for you, but if you stash the cash and do not rely on it as income, you will fare better in the long run.


16 posted on 08/21/2009 6:20:32 AM PDT by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing.)
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