Flatiron energy

Has anyone delt with flatiron energy. They say they will give 4500-7500 per acre for 50% of your mineral rights even if they are leased alredy. I don't understand it completely. If you have 100 acres times 5000 is 500K. They are gonna pay this to own 50% and others will only pay for 100%. Can anyone help us understand this. thanks

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Permalink Reply by Pontoon on July 19, 2013 at 6:52am

I imagine they are talking about NET ACRES, so, 50% of 100 acres is 50 net acres.  That way, you keep 1/2 for future income.

Permalink Reply by gary SWF on July 19, 2013 at 8:47am

What area are you in Aaron?.....Tahnks

Permalink Reply by aaron kirkman on July 20, 2013 at 11:24am

We are southeastern guernsey county

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