Just to keep folks informed, I received a "bank draft" from San Saba Royalty Company. Offered $6,400 for 0.000997 net interest in Ironosa (San Augustine Co.). Seems like a fair price considering the last royalty…"
"Skip, we get letters from San Saba and they include a mineral deed and a draft. We do not keep any of their letters, but I am sure the draft will not clear until after they prove up the title. We were contacted by an operator recently…"
"What is the play here by these companies. I don't receive much today in royalties, is there a long term play that I am missing or are they just trying to increase their influence by increasing their ownership?"
As 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