Just got my lease offer. My question is how do they come up with these figures? What is a "net mineral acres"? How do they determine what to offer for a signing bonus? What about the royalty percentage? Not knowing all the other parties involved in the entire tract, how do we know that what they are offering to each of us is fair, and that they have in fact offered all of us, as a group, what is due? Thanks.
You are correct. I'd like to find a map somewhere to see where this land is in relation to the pipeline but I have no clue how to go about that. I don't live in the area and frankly didn't even know this mineral deed was in the family.
That's the problem. I have no idea where the property is. My cousins have contacted attorney, Kyle Nuttall and he has agreed to represent the seven of us so hopefully he can obtain that information for us.