Lagoon Mineral LLC offer!
I’m sure I likely have this question in the wrong place…..but here goes! Does anyone know anything about a company named Lagoon Minerals LLC. from Jacksonville Tx? We received offers to purchase our mineral rights ( 3 family members). It’s attention getting for sure and sizable considering the ridiculous offers we have received the past few years. Is anyone familiar with them? This property is located in Panola County off hwy124 about 1/2 between Beckville and FairPlay in the area of Youngblood Cemetery. I appreciate any thing you can share. My thought is something is going on to get this offer.
Tia, Gale
Views: 107
Replies to This Discussion
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Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant -
Gale, I've n;ever heard of Lagoon Minerals. I have dealt with dozens of mineral companies making offers to buy Haynesville Shale mineral rights but there are new ones popping up every day. Lagoon Minerals does not have a website that I could find to learn a little about the company and it may or may not be registered with the State of Texas. The Texas Secretary of State now charges to look up a corporate registration but it is only $1.
You seem to consider this Lagoon offer to be better than those you have received in the past and it may be. That is somewhat of a red flag that there is public data available that demonstrates an operator's intent to drill new wells. All mineral companies prefer to acquire minerals before new wells are drilled. Those wells come on like gang busters but then decline rather quickly. Now some mineral companies do make offers for minerals in specific locations their funding investor likes when there are no new wells in the pipeline. Those offers are heavily discounted and may explain why your prior offers were lower than the one you have now from Lagoon.
I suggest that you read through this prior discussion thread and ask any questions you may have.
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landownerPermalink Reply by Alan Herrington
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Oil & Gas ProPermalink Reply by Rock Man -
I just opened it
Click Forum and scroll down past the last discussion and click the "Follow" button.
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