Penny, don’t forget that if you all 3 act together, it would probably benefit you all–90 acres is more valuable than 30. I would talk to their landman, and they should talk to yours.
penny rudolph said:
Thanks Buddy,
What sort of mistake would cause you to go back to an owner with a better contract? This, by the way was not just a bonus increase, it was also a 4.1 increase in the royalty %. And it was for 2 contracts on land contiguous with mine. I already had a better offer from a different landman, but have not yet signed. It happened right after I had talked with these owners, but without their contacting the landman. I and the other 2 parties have very small holdings of 30 mineral acres each. Maybe this landman really is a nice honest guy. Your obvious decency is changing my opinion a little.