Lease Auction House
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Permalink Reply by Keith Mauck (Site Publisher) on -
I just spoke to Rhett who is in charge over there, nice guy. The company has been in the oil business in some form since 1917, based in Texas. This of course is a web auction based system. Once you sign up, they do title check, they will work with you regarding the lease, if you have a lease you want to use you can substitute their lease for yours. Companys have to submit a bank letter idicating they are good for their bid. Depending on the size of your acreage, fees will range from 3-5%.
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