FYI, San Saba Royalty Co. is tied/affiliated with Brazos Gas, LLC and several other related companies . I also have gotten several "low" offers from them. go to www.texaslandrecords.com and check out Nacogdoches. Don't sale.
Yeah... steady flow of low-ball offers for the property, mineral rights, or a percentage of either. We actually had one that 'threatened' to drill under our family property if we didn't consider their 'generous' offer.
IMHO - tell them to 'shove it in their collective ears!'.... from what I've found out about most of these companies is their offers are best used for lining the bottom of the cat's litter box. Keep an eye out for 'some shady landmen' as well... 99% are honest and above board, but that 1% can be snakes... check out everyone before you sign or agree to anything... if you can afford it, turn it over to a Lawyer to look everything over... and then ask about them on this site (there are some 'good' people here)...
I recently leased property to an operator drilling in the AC. No drilling has occurred, but I am told it is imminent as the company recently went to the conservation board for approval of a proposed unit.
Today I received an offer from a company offering to purchase a royalty interest - they want to purchase 1/2 of 5% (2.5%) of my 20% royalty. This is the first letter of this kind I have received. The offer is substantial compared to what we were paid by the exploration company. Is this something I should consider?
It seems like retaining 17.5% of the royalty might be a good deal with an upfront payment on a well that hasn't even been drilled yet. I'm obviously very new to this, so would appreciate any insight you folks could offer.
Madman, I don't have anything constructive to add concerning your offer but I noticed that you said "conservation board". If your land is in La. you might try posting this same question in both the Austin Chalk Group and the Parish Group where the minerals are located. It's very likely that others in the same area are getting these offers.
http://www.gohaynesvilleshale.com/group/austinchalk
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