Unsolicited offer to purchase mineral rights.
I just received an offer from MPH Production Company in Tyler, Texas to purchase Mineral rights for $5,250 PER NET MINERAL ACRE. According to an old thread "royalty acre" is 100% ownership of an acre leased at 1/8th. Assuming this as correct then that would amount to $10,500 per acre leased at 1/4. This is for non-producing HS acreage. Has anyone else received this offer? I'm not interested at that price, but it was higher than other unsolicited offers. It also made it clear that it was an offer to buy and not lease. I could only find one transaction by them in Bossier from a few years ago. Just wondering if they are to Encana what MC Minerals are to Chesapeake.
Views: 157
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Permalink Reply by BirdDawg, plain ole' idiot on
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I'm still confused.
I have always bought or sold "minerals". Never "royalties".
And my local attorney has never differentiated between the two.
If I buy minerals, don't I get what you have, subject to any lease?
I am so damn confused, and I have done this for years. And I have always got what I bought, no questions asked.
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