Met with a lawyer in Pittsburgh on Monday - he reported his client in WashCo rejected a $6200/20% no deduct lease. He didn't tell me township or Lessee.
Glad to see you're out there slugging it out.
What does US Mineral Rights get paid for representing you?
5% is fairly standard, I've seen deals like that around. Its not a huge amount for them but its also very low risk since they are basically just shopping your leases around to the operators so they don't have much upfront cost. Basically a couple guys with connections can do this and make six figure payouts each on it.
I'm a Landman so I've done something like this before in Texas in the role of US Mineral Rights. I would be wary of what the upsell is from Wells Fargo as there isn't much to be done to minimize tax payments on royalty income and they will likely try to steer you into high load investment products. I'm not sure how much of a bonus/royalty payout you are due for but if its just a couple hundred thousand you are probably better off just to stick that in an index fund with Vanguard. That mapping software is probably ESRI Arcmap. I would say your best bet with these guys is not to get locked into too long of a commitment with them to market your lease. Give them 30 days and see how it goes.
more land owner groups who don't write the check but take a percentage of any lease made for the next 2 yrs.. no thanks.. best to deal direct.. and if using a lawyer pay them the 100$ review fee. not a 3k or more fee at all..
Please note which STATE your Washington County is in as nearly all 50 states have one. Thanks.
you can decline anything. doesn't mean you will get paid more. drilling block next door can basically mean nothing at all