In my experience, the offers that I have received on acreage that was about to have multiple horizontal wells were in the neighborhood of 1-2 wells worth, not the 5-9 wells worth. (subsequently backed up by drilling). They want to make money on you by flipping it or participating in it. No problem with that, but the mineral owner usually does not know that. There flippers on the forum, so be wary of any offers. If you really need to sell, then get about three-five offers. Just know that they are still going to make money off of you. This township is rather active with pending drilling, so reconsider if you want to sell all, part, or none.
1 Like
When signing a lease I only return a COPY to the landman. I also write DO NOT FILE on every page-this is for the lawyers to run the ownership title check ( takes 30 days-since they are so busy these days). The original signed lease is only delivered after Certified check verified by my bank (My bank will call and have the Certified funds held) – or BANK WIRE funds received or Cashiers Check received - ( even tho a Cashiers check my bank checks with the issuing bank ). Years ago my bank would hold the lease until funds cleared - but this rare now and probably not be necessary but should be considered if you are working with flipper
Excellent suggestions. I do much the same thing. By sending them a copy (with DO NOT FILE on every page and especially across the signature page), the company cannot file it while they are running title.