My experience with "Diversified" is that their way of doing business is to blanket areas of interest with predatory low ball offers in hopes of finding people with little experience in the leasing process - they actually sent a paltry check along with their "offer" for my Moffat minerals, which I refused. Later, I was contacted by a different landman from a different company, who sent a contract for review, and was able to negotiate a very favorable lease with excellent terms - but it took six months. My sister-in-law and I asked for and received a very good signing bonus (insisted on a check - don't even consider accepting a bank draft - and immediately cashed the bonus check.) As things typically go in this business, the leasing has been bumpy for unexpected reasons. And the worm turns.... When the company contacted us originally, we (myself and 3 siblings) knew nothing of the existence of the Moffat County minerals. We found out later that my father had purchased th Moffat mineral rights decades before when there had been speculation in the area as a uranium field. The landman told us that this interest was deeded to my mother prior to her death.
After six months of vigorous negotiation, and the bonus cash in the bank, and a signed lease, I got a "very apologetic" call from the landman that some further investigation discovered that the Moffat interest was actually deeded to my mother AND her five siblings (all of which are deceased), with my mother (deceased) as Trustee. Some sloppy work by the landman. So instead of owning a 4th of the interest, I actually only own a 4th (me and my 3 siblings) of a 6th . I notified my cousins and suggested they get together and hire an oil and gas attorney, share costs and move ahead - any one of them could easily afford to do so. They are miffed that I won't just show them my lease. I explained to them that the terms of the lease I negotiated are confidential, and that I don't have the time or inclination to guide them through this process. They are scattered all over the country, and at 70 years of age, I don't intend to spend the next year rehashing everything. In the meantime, interest in this area has been waning somewhat, and environmental issues including potential water contamination from fracking, location near national park areas etc. could possibly be delayed past my lifespan. I may eventually just sell the Moffat interests so as not to burden my children and their children with this unresolved holding, which may or may not prove out. Welcome to the Oil and Gas nightmare!