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Join Date: Sep 2004
Location: Bradford County
Re: Mineral Right offer
there are companys out there trying to lease mineral rights. i will give you a example of one of there gimicks.
they offer the land owner $2,000 per acre and 12.5% royalty on any gas taken.
then they sell the lease to a gas company for $3,000 per acre and 15% royalty( or more)
another gimick they used was to get people to sign with them but they had 90 days to pay the people for the lease or the lease would be void. this gave theese companys 90 days to shop your lease and make money off it. if they couldn't sell the lease to a gas company , they just never paid the land owner, thus it voided the lease. problem was , they had your land tied up for way over 90 days , by the time you filed the necessary paper wiork to void the lease. this prevented people from making other, more lucrative deals during that time frame.
that is usally the angle they are looking at. it happened up here a couple years ago. a lot of people saw it as quick money and jumped on it, only to be very disapointed down the road when they figured out what they missed out on.
my advice would be to wait untill the gas company is ready to lease in your area. then get a reputable lawyer who has experiance with gas lease to help you.
Your never to old to learn something stupid