I have family interested in one company because the company offered the huge bonus check, $2,750. Per acre this of course is nothing to sneeze at right? And the bonus check is…. Well $10,312.00 to be exact and 3/16 or 18.75% royalty from a company with no website, history and no answers…
And then you have Petrohawk.
They offered me $2,000 per acre @ ¼ royalties. Hey, I know Petrohawk although they were recently sold when I had questions and did not have a business relationship with this organization they would take the time to answer my questions. Personally, I like Petrohawk. But $10,312.00 is a lot of money and once the contract is signed I will be laughing at the bank right??? For some reason I am not liking that company today when I called the company guy reminded me of a car salesman. Fast talking and I eventually hung up on him because he wanted to give me more than what I called for. I simply asked about the royalties. The contract he mailed to us did not state the royalties but it surely stated we would receive “immediately” upon our SIGING this document the bonus check of $10,312.00 when I asked about the royalty he was hesitant and then wanted to talk about why and what he meant about this and that. Simply thanked him and hung it. It was weird.