Contacted by a landman who would like us to sign an Opting agreement and an Oli, Gas and Mineral Lease. I know nothing about this type of agreements or if terms are good or not so good. Where do I start?
Welcome to the forum. Please post this question in the state and county where the abstract is located ( I am guessing Texas). Then local folks will be more likely to comment. See the Counties Tab at the top. It would be very wise to get an oil and gas attorney to look at the offer because the first offers are seldom in the mineral owner’s favor and need quite a bit of negotiation.
Thank you very much for your response. I realized after I posted that I forgot to put in Cass County, Texas but couldn’t find a way to correct that. I will try again. Probably will try to find an attorney but wanted some helpful input first. Thanks again.
Personally, I would not sign an operating agreement as I do not want to be a working interest owner. Others may want to do that, but our family does not.
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