My Mother received a large check from Leasing Partners, LLC out of Dallas, TX offering to lease her land. I can find no record of this company. Who would I contact regarding the potential drilling in her area?
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Jan, it is not normal for a company to send a check before a lease is negotiated and executed. I am not familiar with that company and I'm suspicious of their intent. Some companies send checks (not usually large in amount) as part of an offer to acquire a person's mineral rights. Read the letter carefully and get help if you don't understand the offer. In order to know what is going on in the area of her mineral interest we would need to know the location by section-township-range.
In addition to what Skip wrote, tell your Mother NOT TO SIGN ANYTHING until doing good research.
Also, it's quite possible that they are buying, not leasing your mother's interest. Most of us on this board have received these 'offers" over the years. A signature could transfer ownership, but that was almost never clear.
Thanks for posting this on GHS. If our members don't know a company I would not personally deal with them.
Keep checking back for a few days to see what others post and if you want to know what activity is going on or planned for her area post the township and range. Someone here will look on the databases to see what is happening in her section.
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AboutAs 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 |
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