READ THE FINE PRINT, DO YOUR HOMEWORK AND GET PROFESSIONAL ADVICE
A highly suspicious offer crossed my desk a few weeks ago. The title at the top of the document read “ONE YEAR TERM ASSIGNMENT”, but the various clauses in the document would most likely extend the term well beyond a “single year” potentially robbing a mineral owner of valuable future royalties. The low monetary offer (for the area) and the one-year assignment were red flags even before a read of the clauses.
The first paragraph…
Posting in several locations so more people will see this post. Be cautious.
Bob77
August 23, 2024, 9:27pm
2
Similar to the term assignment that started popping up 5-10 years ago? Sometimes when the cash/offer is right, only option some non-ops have that can’t afford the drilling costs at the time