Hello I was wondering if a landman offers and sends out contracts for a certain price per acre on mineral rights owned by myself and other family members, and then a couple of weeks later calls so far only me back saying she is authorized to offer more money for them, will everyone else be getting the price increase? I hadn't sent in my paper work yet because I had been busy with work but niether had my sister and she hasn't received this phone call yet. She said that there wouldn't have to be a new contract drawn up but that they would just send out another bank draft.
I am so happy to have found this site because we are all very clueless to this business, and it seems the area we have rights to is really exploding with activity right now! So we are very excited but worried about making the wrong moves.
Any help is appreciated! Thanks.