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Permalink Reply by The_Baron on August 14, 2008 at 5:11

The transaction is a simple royalty deed. She would keep her minerals, but would be forgoing the royalties if any.

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Permalink Reply by Dion Warr, CPL on August 15, 2008 at 1:49

J. J.:

What I would suggest doing is find out what the standard payments have been for buying royalty in your township. This could be relatively easily done if you know of someone who owns land nearby that has had an unsolicited offer to buy royalty, or someone who has leased and then had the lessee or one of their associates attempt to buy royalty. I would not advocate speaking to a royalty buyer near you directly, as I am sure that the buyer would want to find out who this lady is so that he can buy her royalty, and then pester her to death. Or maybe even worse, you might end up with the royalty buyer pestering everyone else around you to death while he tries to figure it out.

If you want to be fair to her, I would then take that number and had about 25% - 33% to it. Field-level royalty buyers almost always add their "margin" prior to turning it to the "accumulators" and "investment pools", by a combination of markup and/or holdback.

Royalty deeds are specialized instruments, but there is usually a "cookie-cutter" form available in the courthouse records. Use this form as a template to style your instrument. If you need help filling in the blanks, leave a comment on my page.

If you want to be fiar to herm

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Permalink Reply by Aubrey C. Sanders, Jr. on September 11, 2008 at 7:19

JJ, Hello Cuz. Was just looking over your site and thought I would comment on Dion's advice. She seems to be honest, fair minded person and very knowledgeble person.
Neighbors offer looks like good opportunity for you and her. Let us know outcome. Maybe you already did post something about it as I have not read all your postings yet.

Glad to meet you and will correspond on your personal e-mail site soon.

aubrey

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