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Comment by bel on February 23, 2010 at 5:06
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Austin, thanks for the information. I have been investigating the heirs and I think the landman is not paying me for the correct net mineral acres. They say there are four heirs and I think I can prove there are only 3, making my net mineral acreage more. They offered $1000. per net mineral acre (17.46) out of 862 with 1/4 royalty. They already have signed one of the heirs. Can they withdraw my offer and just go with the one heir leasing? What do you think about the offer? Should I ask for more? Thanks for your help. Bel
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Tuscaloosa Trend Sits On Top Of Poorest Neighbourhood For Decades - Yet No Royalties Ever Paid To The Community -- Why??
In researching the decades-old Tuscaloosa Trend and the immense wealth it has generated for many, I find it deeply troubling that this resource-rich formation runs directly beneath one of the poorest communities in North Baton Rouge—near Southern University, Louisiana—yet neither the university ( that I am aware of) nor local residents appear to have received any compensation for the minerals extracted from their land.
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