I received an letter of options from a Landman for Prime along with Freedom Operations Company to lease my inherited mineral rights. Legit? I have never had options. I reading on this forum that getting an attorney, counter offering, and to not sign the option letter but wait for the lease agreement. True for Lincoln County, OK, too? Offer is quite low as my rights are divided heavily among others. Advice appreciated. Mineral Rights, Section 20, Township 14, South half of the SW corner, Lincoln Co, OK
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You have an incomplete legal description. Section, Township & Range.
Welcome to the forum. The option letter is the first approach. I do not sign the letters-ever. I do not think it is wise to sign something before I have even seen their draft lease. Once I see the lease and review with attorney’s advice, then can counter offer or chose to wait for force pooling if a good lease is not forthcoming. Your location needs a complete section, township and range. Lincoln County will have a N on the Township. Are you in Range 5E or a different range?
That is correct, no reason to sign the letter.
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