Selling minerals in Reeves County

General Mineral Rights Discussion
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Shirley Braune said:

Hi EM
I am in the same situation trying to sell part of my mineral acres in the Eagleford Shale near Kenedy, Texas!

can you give me the names of any legitimate companies that might be interested in purchasing?
Regards
Shirley

E. M. Cook said:

Here is how it is supposed to work Susan. Anyone who shows interest should send you a portion of the money up front. It is usually about $10,000 earnest money to show their serious intentions. If they back out, you keep the money anyway. We gave our buyer 30 days, they came through in 2 1/2 weeks but things happen. The buyer should be in constant contact with you. We had the papers drawn up by the buyer (in Austin) then had our lawyer look at it. It was simple and straight forward. I can give you this guy's number.

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I don't think two months would be out of the ordinary for them to do their due diligence. On the other hand, I certainly would not give them any more time before "moving along to another company." I would keep your options open with the first company but put your feelers out to the other ones. Like in a job search, would you apply to one company and wait two months before looking at some other options? Of course not. Start looking around NOW, it's all about you.