If you do decide to sell, you should request a disclosure from the Buyer as to any wells on the property, suspended funds, unclaimed funds, drilling wells, drilling permits, or current forced pooling actions. Unsolicited offers are many times predicated on recent activity or unclaimed funds. Request that any disclosure be made in writing. As far as executing a PSA, I suggest not executing since it does not benefit your position and only benefits the Buyer. Unless you are an industry professional or have professional assistance, a PSA will not serve to protect your interest. Once you have completed your due diligence and agree to the terms, tell the Buyer they have 20-30 days to close.
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