Consider the liability
Not sure I understand your response @Rockhound2
Consider the liability you assume when an undercapitalzed hard luck operator leases your land or minerals. If they can’t get administrative right what makes u think the well ( bore) will be right. Go with the hugely successful company and never have to mess with it again. Once u have a payroll number let the dream begin
We have fairly strict policy on any OGL activity. All offers/OGL have to be submitted digitally. This allows me to review much more quickly. we do not lease to brokers. Only principals can be a part of the OGL. You can add an AOGL consent, but I have found them impractical to enforce.
Smaller participants can still be well funded for their investment purpose and they can be willing to pay higher for an OGL then some of the larger companies. So I do not rule them out. For a while I did agree to OGL Memos for recording, but not anymore since they depress the market.
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