Looking for someone that has been down the road of mineral rights leasing.
A couple of years ago we purchased some land and without us knowing it came with the mineral rights. We were approached by a landman and we leased our rights. To make a long short, Global Geophysical Service has just completed work on our land. We are getting calls and letters from companies wanting to buy or lease our minerals. What do we do? Thanks ct
Global also did some surveys on our property a few years ago and paid a small fee to do so. We also had a company that came in and leased the property under the mineral rights and paid us a nice check for a 3 year lease with their option to renew at a lower price for another 2 years. That number is negotiable. Read it carefully. You should also put in stipulations about what happens if they destroy any property or trees on the property. They will pay for hardwood trees that are removed or damaged. Remember, everything is negotiable.