In preparation for the upcoming legislative session, NARO-Texas is looking for good examples of the “royalty lease scam” being perpetrated these days. This involves approaching someone with an active lease and producing well, usually elderly, and presenting what looks to be an oil and gas lease. In return for a lump sum payment, the document is actually selling 75% of the royalty stream in the lease. The document is usually presented as a top lease. If you know of anyone who this has happened to, please contact Wade Caldwell at [email protected]. NARO-Texas is working on a legislative solution to stop these scams.
I had a company try to do that in 2015, at least it appears that way. I never signed the papers correctly and they never paid me anything. I really haven’t been able to get any answers from the new company who has placed a well on the land I have my mineral rights. Arhopulos-Caldwell - Oil Lease #004224. It’s well #1H and #O
Check your RI on your division order to see if it appears correct.