Has anyone on the forum dealt with with Anevay Resources? If you have I would like to hear about your experience, both and good and bad.
Thanks, Lex
I have found them sloppy in their work each time I have dealt with them. Might be new Landman each time or might be the typist. I have had to correct language, correct typos, give them copies of my deeds when they should have been doing the title work, etc.
I do not agree to their title work time frame. Will not sign it. It is way too long at 60 business days plus extensions-that is months. When I finally do get everything straight and correct with them, I will not send them the original signed lease. I send the original to my accountant to hold. I also give the lessee a copy of the notarized lease by email with the words COPY DO NOT FILE written across every page and especially over the signature line. (I do this with any lessee.)
I send them a letter saying that the lease is good for 15 business days (because by then we have already been working at this for weeks or months) and if no payment is received, the accountant will return the lease to me and I will tear it up. They can start again. If the payment arrives within the correct time frame and the check clears, the accountant will send the lease to them. I never send a signed lease without getting paid.
They also operate under the Greenwing name.
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I looked at their website and it looks like they are a legitimate company. How does one ever know? I am new to the forum. Is there a list of reputable companies or individuals to work with? Thanks for the response on Anevay. Sounds like we should ignore their offers.
They are legitimate. You just have to be careful with any company and check their work. Sometimes, there is only one offering, so you have to deal with them or wait for forced pooling.
A good lease is a partnership between a lessee and the mineral owner. Every clause in the lease is negotiable. If you are new to this, read the posts in Stephens county. Read the Mineral Help above. I rarely sign a lease which is the first draft that is offered. That is usually all in the company favor and not the mineral owner favor. Many clauses need to be worked through. Often, a strong Exhibit A is required to override some of the lease clauses.
I wish I had looked them up on this forum. They do not pay in a timely manner. Their landman said they would close in 10 days from receipt of paperwork, we are heading into thirty days. We relied on his word. BEWARE
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I agree with Martha. Not a good idea to send out an original signed lease without having been paid first. Send them a copy instead, and the original only after receiving the bonus. I am currently dealing with Anevay and it seems they are “slow playing” me with the payment. I didn’t sign their rather one-sided “Order for Payment”. I asked to be paid within 30 calendar days instead. It’s now well over that and was told by the landman they haven’t even started their title work yet. Very disappointing.
I just had the same thing happen with a company called Mayhawk Energy. Has anyone ever heard of them?
Mayhawk has a good reputation. I would get back in touch with them. I would be very surprised if they stiff you.
Tim on this one I respectfully disagree. Mayhawk sends me offers all the time. Never have they come back with a ‘solid’ offer when I tell them Im interested. I’m not opposed to “flipping” but they don’t buy unless they have a buyer. Just my experience. Your experience may be different.
One simple way to flush out the plethora of middlemen/flippers/wanna-be’s/pretenders is to simply have their bank provide you with a simple letter stating that they have X amount of cash money available to transact business with you.
Banks and bankers provide proof of funds letters as a routine part of their business. Have you ever engaged in buying a house, and the Seller’s agent says, sure, we’ll entertain your offer - please include a proof of funds letter from wherever you keep your cash.
Do the same here. The pretenders will disappear. Legitimate parties who want to do business with you will oblige.
Just because they have money or credit doesn’t mean they will close a deal.
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agree with Todd here.
Brokers and their Landmen are usually the cause of leasing and getting paid problems.
This week I completed a lease agreement with Anevay Resources for minerals in Roger Mills County, OK. After reading the posts on the forum, I spoke very bluntly and honestly with the landman regarding my concerns. They were “very aware” of these reviews, which I was pleased to hear. This Forum is making a difference! Thank you!! From that point, I began negotiating, line-by-line, and was able to have all my requested changes accepted. Because my documentation was in order and provided to Anevay immediately, I was given a 20 day Order of Payment. They agreed to pay in full prior to receiving the signed and notarized lease, I emailed a copy with the words COPY DO NOT FILE written across every page as advised by this forum. Again, Thank you! I received the lease bonus, in exactly 20 days with no delays. In addition to showing appreciation for all the helpful information in insight gleaned from this Forum, I want to offer a good review on Anevay. I began negotiating feeling very cautious and end the experience with positive comments. The landman I dealt with was informed, a good communicator, and knowledgeable. I would work with them in the future without hesitation. Thank you
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They definitely haven’t followed through with what they told me.