Nell:
I will advise you to be wary of this type of introduction from any leasing agent. RW is correct about the length of the lease as 3 years would be max with no extension. Again, under these circumstances, I would be very careful as this type company could be a major headache down the road. You do some homework and study up on your immediate area and become aware of the going bonus rates for that area. I would also insist on a 20% royalty with a pugh clause in the lease. These are your minerals and you must protect your assets. Good luck.
Nell B Mitchel said:
Oddly enough the contact person said the leasing agent wanted to remain anonymous! What does that say to you? Also I should be getting a packet soon in the mail and will know more then about who some of the players may be. I’ll let you know as soon as I receive it.
Wilsontownship said:
Nell, who was the company that made the offer? Did they hint as to who they may be leasing for or are they speculators/flippers? I am asking because I am trying to get information on a shell company that had operated in that county by the name of Bayside Energy. I do not have property in ND.
Wilson