I have two offers for mineral rights in Greene County, one to sell and one to lease. After lots of reading, I'm leaning towards the lease, but the contract is so jargon-filled that I can't match the terms I was verbally told with the terms I see in the lease. In other words, I need a good attorney, preferably one who is paid hourly and is familiar with the sales/leasing of mineral rights in Greene County. Any recommendations?

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lots of luck with that one....difficult to even get some of them to return your calls....i wont even go into the names as i am sure many of the lawyers are busy.....their customer service just sucks....obviously, the hour rate or the % of your lease/royalties they charge make up for the volume of customers that become quickly disenfranchised and research the jargon themselves.

oh by the way; SELL if you want quick money right now and dont care about all the mailbox checks you could get in the future....or LEASE, if you want $5000 an acre for a five year lease...and if they dont drill or trick you and tie up your lease, you can do another lease in 5 years....no matter where you are in greene county, someone of the gas companies is going to take your gas at some point....bottom line is can you afford to wait, or do you want the money now.  Selling an acre of mineral rights, I would ask $20,000.00 ; lease an acre for 5 years, I would ask at a minimum $5250.00.....the real money is in the royalties down the road.

 

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