Posted by The tractor vet on March 11, 2015 at 07:15:17 from (104.179.81.68):
In Reply to: Financial Advisor???? posted by JD Farmer on March 11, 2015 at 06:07:45:
Word to the WISE . Don't sign anything till you do all the research talked to a attorney that knows OIL AND GAS leases and have everything put in the lease so that it is in your favour If they want to go into one of the MANY formations then only GIVE them that and only that with NO water wrights or other mineral rights . and never take there first offer . Talk to your neighbors and see what they have been offered . Always keep in mind that they are out for them selfs and NOT you. I worked in the oil patch years back and i was one of the people that had to deal with the land owners AFTER the drilling was done to reclaim the mess and believe me i ran into some really mad land owners . just like around here now there are a ton of lawsuit and really ticked off land owners just because they jumped to fast and grabbed the carrot hanging from the string . This all started over one greedy land owner with a bunch of acres and he signed for X amount only to find out that his little neighbor go more then he did on one quarter the acres . One got 800 and the little guy got 5200 one got 18% the other got 23 % and the fight was on . And there are more battles coming .
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