How do I find out if Im leasing with a reputable operator when Im negotiating a lease?
Also I have inherited a lot of tiny amounts of interest. They are so minimal, Im curious to know what your opinion is on leasing them to brokers or non-ops.
It is easy. All you have to do is search the internet. If you get a lot of hits, there is a risk.
Do it this way - enter operator name in quotes + word.
"operator name" + lawsuits
Also:
"operator name" + fraud
Send me a list of counties involved and I will give you a list of operators to contact.
Also, if you go to the effort of packaging the "minimal interests" for sale, you may get the attention of the best operator/buyers paying fair prices.
Gary L Hutchinson
Minerals Managment.
Aaron,
Who is the operator? Also, if you are interested in selling or leasing your interests in one package, please reach out and I can assist.
Parker
If you're in Oklahoma, it doesn't really matter. If you lease to A instead of Z because you believe A to be more reputable, but if Z is appointed the operator under a pooling order, it will make no difference, because Z (or his purchaser) will distribute the royalty funds, regardless.