Received a call from someone asking to sign a waiver/lease on acreage that my husband has mineral interest in. They are making an offer saying we’ve signed for $200 but $500 is really our minimum. Yeah. Im not stupid BUT i have not heard of a waiver on minerals before. Can someone please shed some light??? It is for a battery setup that they are partnering with ERCOT.
This is probably a waiver for a solar farm. This could greatly hamper the value of the minerals or impair the ability to lease.
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This is coming to Texas. They want to construct a building to house a battery bank to store electricy generated by wind or solar to use when wind and/or solar power is not being generated, at night or during inclement weather. The mineral waiver most likely prevents surface usage for oil and gas exploration. What County is this?
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What’s the company’s name, and what county are you in?
Check very carefully about just what kind of facility. I just came from a shale conference last week where they were mentioning very large data centers for AI computing coming to many states. Then NPR had a piece on the data centers just a day or so ago and how very loud they were-like airplane engine loud.
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Barnes provides a great caveat for consideration. You may trading future value for dollars today.
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