# L3 Resources out of Houston Offer
**URL:** https://www.mineralrightsforum.com/t/l3-resources-out-of-houston-offer/74402
**Category:** Canadian County, OK
**Created:** [February 19, 2024, 11:14pm UTC](https://www.mineralrightsforum.com/t/l3-resources-out-of-houston-offer/74402 "2024-02-19T23:14:24Z")
**Posts on this page:** 7
**Page:** 1
### Author:  [@JN74105](https://www.mineralrightsforum.com/u/JN74105)
#### Post date: [February 19, 2024, 11:14pm UTC](https://www.mineralrightsforum.com/t/l3-resources-out-of-houston-offer/74402/1 "2024-02-19T23:14:24Z")
We have an offer we are seriously considering. It is from L3 Resources out of Houston. Has anyone worked with them before? I just want to ensure they are a reputable company. Thanks!
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### Author:  [@tim\_dowd](https://www.mineralrightsforum.com/u/tim_dowd)
#### Post date: [February 20, 2024, 12:18am UTC](https://www.mineralrightsforum.com/t/l3-resources-out-of-houston-offer/74402/2 "2024-02-20T00:18:07Z")
They are known to have a good reputation.
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### Author:  [@fjonesiv](https://www.mineralrightsforum.com/u/fjonesiv)
#### Post date: [February 20, 2024, 1:08am UTC](https://www.mineralrightsforum.com/t/l3-resources-out-of-houston-offer/74402/3 "2024-02-20T01:08:23Z")
Have they explained the actual process as to how a transaction would unfold? For instance, have you been presented a written purchase offer, containing terms and conditions of a sale? Are you going to be locked into executing a general warranty deed (as differentiated from a special warranty)? What are the terms surrounding title issues and curing options?
My point - there are many important parts to a reasonable (for all parties) transaction, price being only one of them.
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### Author:  [@JN74105](https://www.mineralrightsforum.com/u/JN74105)
#### Post date: [February 20, 2024, 2:57am UTC](https://www.mineralrightsforum.com/t/l3-resources-out-of-houston-offer/74402/4 "2024-02-20T02:57:47Z")
Thanks for the info!
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### Author:  [@JN74105](https://www.mineralrightsforum.com/u/JN74105)
#### Post date: [February 20, 2024, 12:00pm UTC](https://www.mineralrightsforum.com/t/l3-resources-out-of-houston-offer/74402/5 "2024-02-20T12:00:01Z")
I have had an O&G lawyer look at the proposal/contract and L3 has agreed to the lawyer’s recommended (from my POV) changes, i.e., Special Warranty, we do not give up any unclaimed monies prior to effective date, must use a cashier’s check (to guarantee monies are good), etc. My concern is that the offer is pretty competitive and I just wasn’t positive about L3 since the Landman (may be a rep for them?) uses a Gmail account, the main office is out of a low-rent area, their letterhead uses a post office box, etc. For some reason, I figured an O&G company would be a little more upscale. However, if others have had a positive experience with them, that alleviates a lot of concerns. Thanks!
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### Author:  [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [February 20, 2024, 2:14pm UTC](https://www.mineralrightsforum.com/t/l3-resources-out-of-houston-offer/74402/6 "2024-02-20T14:14:43Z")
If you choose to work with them, DO NOT hand over a signed deed until the cashier’s check clears the bank. Have a third party such as an attorney hold the deed until the financial transaction is finished.
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [May 19, 2024, 11:14pm UTC](https://www.mineralrightsforum.com/t/l3-resources-out-of-houston-offer/74402/7 "2024-05-19T23:14:24Z")
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