Replies to This Discussion

Permalink Reply by Greedy Landowner on May 12, 2009 at 15:02

Do you have a way of posting the letter?

• ▶ Reply

Permalink Reply by wpt9452 on May 12, 2009 at 15:16

Here is the first paragraph.

Please be advised that Pinnacle Oil and Gas, LLC is offering to purchase a 1/2 of 1/5 (10%) royalty interest in the 1.9 acres referenced above from you. Pinnacle is offering $5,000 for this interest. Royalty interest only comes into effect if and when there is production from an oil well. If there is no production from your property within 5 years, any royalty interest that you may sell will revert back to you automatically in 5 years. In addition, you will still own 10% of the royalty for future payments from production.

The rest of the letter has royalty deeds which needs signatures and to be notarized. They have everything neatly packaged for me to sign most of my royalty over to them for the $5.000. I don't think they would be offering this if they did not expect to make a good profit from this.

• ▶ Reply

Permalink Reply by wpt9452 on May 12, 2009 at 15:26

I had no idea they were already going to drill. I guess that is why Pinnacle oil sent me this letter hoping I would not find out about a well about to be drilled. Thanks for letting me know about this. I think I will keep my royalties.

• ▶ Reply

Permalink Reply by smith1 on June 3, 2009 at 3:43

what city and state was this letter from?

• ▶ Reply

Permalink Reply by Jaybird on June 3, 2009 at 3:58

wpt9452,

Did it say anything about production of hydrocarbons in the letter or did it only say production of oil?

Jaybird

• ▶ Reply

Permalink Reply by Checkmateking on June 3, 2009 at 4:19

post it

• ▶ Reply