My family has mineral interest in 40 acres in Marion County, TX...very close to the Louisiana Line near Smithland. Three of my elderly siblings were approached in late spring by a representative with Maverick Land Services in Marshall, TX. They were representing XTO. The landman went so far as to delivering the lease to my sister, along with a notary and a small check in exchang for her signing. The three that signed did so on a lease the other four siblings are very disappointed with. The terms were $150/acre and a 1/5th royalty with drilling at any and all depths. The remaining for siblings have entrusted me to handle our negotiations. We had been holding firm for better terms and the Maverick's landman has been generally unresponsive. Last week, I called his boss and he told me that I will be receiving a letter shortly regarding the fact XTO has instructed them to quit all leasing efforts in Marion County on their behalf. Is this in case, the fact? And, if so, where does that leave me and my family members? There are other energy companies actively seeking acerage and if XTO is no longer interested, I need to know where we stand in being able to lease. Please give me some guidance. Thanks,
Hello. You seem rather knowledgeable and I am in need of some wisdom. We are considering selling 12.5% of our 100% owned mineral rights (royalties). Has anyone whom you know done so? I have not had very good luck looking the companies who have made the offers up on line. The offers have been made by a Lighthouse Point, L.L.C. in Radera Ranch CA, Principle Energy, L.L.C. in Houston TX and an Esperanza Resources in Tulsa OK. The logic behind considering these offers is the amount they are offering up front and the reasoning is could I be just as happy with $4,000.00 a month as $8,000.00 a month and have no bills to pay out of the smaller monthly amount? I am an unleased owner. Please lend me some of your experience. Thank You in advance.
Spring Branch,mineral owner
Aug 20, 2008
Tedford Williamson
Sep 14, 2008
Tonya
Hello. You seem rather knowledgeable and I am in need of some wisdom. We are considering selling 12.5% of our 100% owned mineral rights (royalties). Has anyone whom you know done so? I have not had very good luck looking the companies who have made the offers up on line. The offers have been made by a Lighthouse Point, L.L.C. in Radera Ranch CA, Principle Energy, L.L.C. in Houston TX and an Esperanza Resources in Tulsa OK. The logic behind considering these offers is the amount they are offering up front and the reasoning is could I be just as happy with $4,000.00 a month as $8,000.00 a month and have no bills to pay out of the smaller monthly amount? I am an unleased owner. Please lend me some of your experience. Thank You in advance.
Mar 6, 2011