What are the pros(if there are any) and cons to signing lease with nonoperator that then sales the lease

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I also need to know. I would like to lease in the 4-6weeks (along with a few others in red river) and saw where these two companies leased state land (next to me) for big bucks weeks ago. But are they operators? And does anyone know who these people are? !!!!. Does it matter?

MANNA ACQUISITIONS, LLC $13,179.00 $17,179.00
RED RIVER 11, 12, 13, 14, 18, 19, 23, 24, 7 T13N R10W, R11W

PINNACLE LEASING, LLC $13,777.00
RED RIVER 11, 12, 13, 14, 18, 19, 23, 24, 7 T13N R10W, R11W
These companies are probably land companies hired by larger companies to acquire leases. You can go to the Secretary of State's website and search the corporation database for information on the company. If they are in Shreveport or Lafayette, they are more than likely land brokers, and not the gas company.
The con is that you don't know who the operator will be. It could be a horrible operator that cares nothing about the environment or your peace of mind, safety, security, or sleep. I don't like to use absolutes, but I would NEVER sign a lease without knowing the final operator and checking their background.
Con being that he has to sell to somebody else. If he were not in the deal , that would leave more money for mineral owner.If you are working directly with big O & G you are more likely to get paid in a more reasonable time frame.I know of only one Pro and that would be if your property was undesireable to big O & G and someone leased your land thinking they could turn around and make a profit. Cutting as many middlemen out of the equation as you are comfortable with can save you a large sum of money depending on all the factors of course.
You can ask the landman who he is leasing for and insist that their name be on the lease. Like Twin Cities leasing for Chesapeake, make sure that is it Chesapeake who is listed as the company leasing your land.If you can lease direct with the company, you may not have to worry you are being shorted just because the landman wants to make a huge profit.

If the landman says he does not know who he is leasing for...
You can also contact the O&G company directly to verify someone is working for them.
Look at the initials after the comapny name, if you see an LP (Limited Partnership) after the name it is probably an investor group. If you see LLC (Limited Liability Corporation) that is probably a "middleman" who will flip the lease for a profit. It's pretty safe to say companies with these initials are not operators. But some corporations may not be operators either, the best policy is probably to check out any company you've never heard of.
I know for a fact Manna leases for Chesapeake.
who are the small operaters, they should be moving in for the kill,to lease those who CANT wait !
herefordsnshale, you may be correct on the LLC but LP is used by Chesapeake on many of their leases that I review. Chesapeake Louisiana LP.

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