edna mae pilon
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Principal Energy LLC ?

Started this discussion. Last reply by edna mae pilon Aug 20, 2013. 9 Replies

  Hello,  I am new to this site, and need wiser people than me to give me an opinion on Principal Energy LLC.  I have Mineral Rights on land in Weld Co. Colorado, and they have contacted me and are…Continue

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Introduce Yourself
I fell heir to the mineral rights of land in Weld County, Colorado. The land is leased by Whiting Oil and has a producing well on it. I get 6% royalties off it per month. I have been approached by Principal Energy who is offering me a lump sum and telling me that if I sign their Royalty Interest Conveyance contract, that I will be paid the lump sum, plus continue to receive the 6% Royalties check from Whiting. It is tempting, as I can use the lump sum they offered right now, but I am leery, since I need this continued income to continue to live on. I am a widow trying to get by on my Social Security, and I know I can't "give away" my future mineral right income on a "guess". Please advise me what to do. Thank You, Mae Pilon
What is your role?
Landowner
Website:
http://j_mpilon@msn.com
Which state(s) are you following?
N/A
What shale plays do you follow?
Niobrara

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