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Question: What does it mean in the helpful Do's & Don'ts "Don't Warranty the Mineral Title"

Hello,

What does this mean not to warranty the mineral title when negociating for oil lease.

Thanks,

RK

Keywords: don't, gas, lease, mineral, oil, title, warranty

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Permalink Reply by r w kennedy on February 15, 2012 at 7:49am

Mr.Orsborn, those are the numbers we are talking about. You won't know actual cost until the well is completed. Nothing out of pocket untill you have paid off well cost and penalty and receiving 100% royalty. I will send you a friend request so we can discuss further without highjacking this thread any farther than we already have.

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