With the low lease rate that I originally received, the fact that there are wells all around my section and our section has not even been unitized, the offer from another company to pay for a portion of my leasing rights seems more and more favorable. Has anyone else received and/or taken such an offer? Good/Bad??
There are a LOT of scams and ripoffs from people offering to buy your leasing rights, future royalties, etc.
There can be legal trickery, such as deceiving you on the amount of money you'll receive. There can be scams where you give up more than you are led to believe. There can be frankly dishonest terms in the fine print.
An offer may also be legit, except the prices may be much less than a reasonable offer given the likely production from the well.
There is a "right" price for such an offer, and reasonable terms for such an offer, so the idea of such an offer is not wrong. Think of it as the stereotypical used car salesman, but 10 times worse.
As exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More