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I own mineral rights on 2 parcels of land in Ritchie Co, WV. One is 150 acres and the other is 487 acres, totaling 637 acres. Long story short-- My brother received paper work to sign in Jan 2018. Two days ago he called to see what I was going to do. I never received any, so I called and spoke with an H G energy rep. She said she would mail docs for me to sign. Lo and behold, 2 hours later a land man called and said he was driving to Ohio, taking hubby and I to lunch and would get my signatures. He said now we would get 12 1/2 percent on new deal. I was a bit apprehensive because he seemed to be in such a big hurry. So my questions are: Do these companies negotiate rates on these amendments? Is there ever a signing bonus? Do I need an attorney? I apologize if this issue as already been covered. Thanking you in advance for any insight you have.
Thanks, exactly what I wanted to hear!
Another thought, Joy: since you and your brother are both involved, the same attorney can represent both of you, probably for the same fee as if for just one of you, and with twice as much bargaining power (your combined interests). You and brother could split the attorney fee.
Good point Nancy!!!
We discussed this last night. Great minds think alike.