Leasing land that someone else owns part mineral rights
My father-in-law just signed lease on his land for $400.00 per acre when leases are going for over $5000.00 all around the area.
The landman and also a attorney told him he had NO CHOICE but sign as the lady that had the other half of the minerals had already signed for the $400.00
The landman and also a attorney told him he had NO CHOICE but sign as the lady that had the other half of the minerals had already signed for the $400.00
Views: 79
Replies to This Discussion
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landownerPermalink Reply by Tim on -
There's always a choice. For a measley $400.00 per acre you can force pool me.
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Permalink Reply by texasshale on
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The landman lied, unless he had more than 50% of the minerals leased, and even then it does not matter if there is a drillsite.
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landownerPermalink Reply by Jack Blake on -
If I tell u to give me your minerasls will you do it? If so give them to me!
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