I was wondering if anyone else is receiving offers for 12-11N-13W? We have received an offer from Blue Ribbon Energy. The original offer was $600/acre with 3/16th. One family member countered and the company easily came up to $1,000.00 and immediately sent leases out with a 90 day order of payment. I'm very leery to sign since this is the first offer and the land man was so quick to increase the royalty payment. I also do not like the 90 day pay. I haven't sifted through the lease terms yet but I was wondering if anyone else has received offers in this area?
We leased with Blue Ribbon in Sec 6 10N 11W for $650/acre, 1/5 royalty. I understand we could have gotten $750 if we had waited. I think Blue Ribbon is flipping the leases, so check if another company is also leasing in your area.
I've leased to Blue Ribbon before and won't lease to them again. They didn't cheat me, there are just many better companies to deal with.
My family leased to Blue Ribbon earlier this year, 17-10N-9W. We negotiated $1500 an acre, 1/5. Just this week some of the family has received an offer to buy our rights at $3000 an acre. Not sure what company. Some one out of Texas.