# Suspicious purchase offer
**URL:** https://www.mineralrightsforum.com/t/suspicious-purchase-offer/37259
**Category:** Garvin County, OK
**Created:** [November 20, 2018, 6:22pm UTC](https://www.mineralrightsforum.com/t/suspicious-purchase-offer/37259 "2018-11-20T18:22:47Z")
**Posts on this page:** 10
**Page:** 2
### Author:  [@Darla\_Charlow\_Ragland](https://www.mineralrightsforum.com/u/Darla_Charlow_Ragland)
#### Post date: [January 24, 2019, 4:34pm UTC](https://www.mineralrightsforum.com/t/suspicious-purchase-offer/37259/21 "2019-01-24T16:34:48Z")
Will do…thanks Frank and Martha
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### Author:  [@TODD\_M\_Baker](https://www.mineralrightsforum.com/u/TODD_M_Baker)
#### Post date: [January 24, 2019, 5:17pm UTC](https://www.mineralrightsforum.com/t/suspicious-purchase-offer/37259/22 "2019-01-24T17:17:27Z")
Darla:
I have tried to deal with them, but they can never come through with what they offered me. Always an excuse.
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### Author:  [@Darla\_Charlow\_Ragland](https://www.mineralrightsforum.com/u/Darla_Charlow_Ragland)
#### Post date: [January 24, 2019, 6:41pm UTC](https://www.mineralrightsforum.com/t/suspicious-purchase-offer/37259/23 "2019-01-24T18:41:01Z")
Hmm. I do see where they have bought a lot of minerals in McClain County and have also sold some. Since they have sold some, I am thinking they are probably a broker that flips their purchases. I have a large mineral sale coming up in March so I may call them and just see how they answer my questions.
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### Author:  [@Frank\_Pfisch](https://www.mineralrightsforum.com/u/Frank_Pfisch)
#### Post date: [January 24, 2019, 9:51pm UTC](https://www.mineralrightsforum.com/t/suspicious-purchase-offer/37259/24 "2019-01-24T21:51:42Z")
For the benefit of others (as you seem to know what you are doing Darla), beware of the cold draft.
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### Author:  [@David\_F\_Cox\_Jr](https://www.mineralrightsforum.com/u/David_F_Cox_Jr)
#### Post date: [February 9, 2019, 3:49pm UTC](https://www.mineralrightsforum.com/t/suspicious-purchase-offer/37259/25 "2019-02-09T15:49:29Z")
I and several other relatives, all heirs of a long-dead great-grandfather who was in the O&G exploration in WV many years ago, have recently been presented with offers from a broker to **option to purchase** our mineral rights in several tracts in Green District of Wetzel County in WV. The broker puts up no money for a 90-day, assignable option to purchase in order to put the properties out to potential buyers. The option price is below recent comparative area pricing and, being from out of the area, I would appreciate any suggestions or recommendations for some reputable broker types or companies that do business in the WV area and put buyers and sellers together.
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### Author:  [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [February 10, 2019, 7:17pm UTC](https://www.mineralrightsforum.com/t/suspicious-purchase-offer/37259/26 "2019-02-10T19:17:03Z")
Be sure and ask what any broker will charge for that service.
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### Author:  [@Donna\_Kooken](https://www.mineralrightsforum.com/u/Donna_Kooken)
#### Post date: [April 18, 2019, 12:44am UTC](https://www.mineralrightsforum.com/t/suspicious-purchase-offer/37259/27 "2019-04-18T00:44:16Z")
Mrs. Barnes, I have received an offer that wants me to sign via email/scan documents. Sending me 1/8, 1/4, 3/16 each separate documents in case they find the properties were leased 1/8, 3/16 or 1/4. That’s another thing the purchase price will depend on the leased rate. Which I know some of the property isn’t leased. Please help. Donna Kooken
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### Author:  [@Frank\_Pfisch](https://www.mineralrightsforum.com/u/Frank_Pfisch)
#### Post date: [April 18, 2019, 12:38pm UTC](https://www.mineralrightsforum.com/t/suspicious-purchase-offer/37259/28 "2019-04-18T12:38:39Z")
Donna - It is, IMHO, a bad business practice to email/fax signed mineral deeds, especially where there is no check for the full purchase price in your hand.
Also, if the amount of money involved is substantial, it is best to have a lawyer review the documents for you if you are not schooled in the black arts of buying and selling minerals.
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### Author:  [@Richard\_Winblad](https://www.mineralrightsforum.com/u/Richard_Winblad)
#### Post date: [April 18, 2019, 9:11pm UTC](https://www.mineralrightsforum.com/t/suspicious-purchase-offer/37259/29 "2019-04-18T21:11:42Z")
## Beware of Delivering Lease or Deed Without Payment:
Failure of a company to pay a lease bonus is a theme that has been raised in this forum far too often. Below are a few discussions on the topic. It is always best to exchange a lease for a check at the time of the transaction. This may not always be possible because of distance. In such cases it is probably better to have an escrow company or attorney hold the lease until the consideration is paid.
# The same is true for sale of minerals
Sometimes companies file leases without payment of bonuses.
There have been cases where companies take leases but never file them. They return the leases later stating that they were never funded by the company. In the meantime, the mineral owner cannot sign with another company.
It is much easier to prevent the issue than to remedy it after the fact.
# Also a Draft is not the same as a check.
# Below is a sample of Nightmares:
> [@Canadian County - Bonus not paid ! Lawyer?](https://www.mineralrightsforum.com/t/canadian-county-bonus-not-paid-lawyer/5061):
>
> Signed a lease in March 2016 for minerals in Township 10 North Range 5 West. Normally I receive a bonus check within 30 days of signing; however, we are now a good 70 days without the bonus. I did check with the County website and the lease has been filed, and called the landman and he said the checks are going out slowly. The lessee is not an oil company, but appears to be a private LLC. Anyone else had an experience like this? Is it time to contact a lawyer?
> [@Oil Lease Bonus Payment Not Paid](https://www.mineralrightsforum.com/t/oil-lease-bonus-payment-not-paid/3382):
>
> I am a member of a family who has had oil/gas interest in Canadian County for many years. I have never been involved as an active member concerning the leasing process and know little about it. I am now in a situation where I need to acquire some basic knowledge before involving an O&G attorney. Our family signed a 3-year Lease Agreement for a certain amount per acre for a known amount of acreage. Through some research the agreement seemed to be a fairly accepted and a standard agreement if the…
> [@Bonus not paid on a top lease](https://www.mineralrightsforum.com/t/bonus-not-paid-on-a-top-lease/21551):
>
> I recently signed a top lease on some minerals in Colorado. The Land Company now refuses to pay the upfront bonus money. Do I have any recourse if they have not filed the lease?
> [@Help! I was never paid my bonus!](https://www.mineralrightsforum.com/t/help-i-was-never-paid-my-bonus/8615):
>
> Some years ago, there were many complaints that landowners had not been paid their bonus and the lease was filed of record. To help with that situation, I am developing a clause for my Professional Lease Form that reads as follows: PAYMENTS TO LESSOR. Lessee covenants to pay Lessor as follows: (A) SIGNING BONUS: Lessee agrees to pay Lessor a signing bonus in the amount of \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ Dollars ($\_\_\_\_\_\_\_\_\_) by company check or in United States Currency. The bonus payment shall be paid to…
> [@Bonus Payment not paid](https://www.mineralrightsforum.com/t/bonus-payment-not-paid/21550):
>
> I recently read a thread about a bonus payment not paid and the lease was signed. Advice was to find out if it recorded and try to null the lease before the fact. This is what I was trying to avoid with Exterra. I want an escrow. I will pay for the escrow costs, just so I have the money before I release the papers. Now this poor guy has to figure out what to do and the advice ranged from hiring an attorney to recording a null on the lease or don’t release papers until the money was paid. I had t…
> [@Signing Bonus Never Paid, Well Drilling in Progress](https://www.mineralrightsforum.com/t/signing-bonus-never-paid-well-drilling-in-progress/24049):
>
> Kodiak O&G retained Lone Tree to obtain a lease from me on mineral acres I own in Dunn county N.D. They sent me leases twice in 2007. I executed, notorized and returned both leases. As both leases looked identical to me I assumed the draft time limit had run out or some such. I followed directions both times and submitted both drafts to my bank for payment. Neither of the drafts were honored, but the lease was recorded both times. Dealing with Kodiak now, they tried to maintain that the leases w…
> [@Mineral Lease Bonus Payment](https://www.mineralrightsforum.com/t/mineral-lease-bonus-payment/43630):
>
> My wife and I signed and returned a mineral lease letter agreement on 11/30/2018 agreeing to lease our minerals effective 12/01/2018. We signed and returned the lease in December with the agreement that the bonus would be paid on 01/01/2019. The letter agreement did not have any stipulation whereby the lessee could void the contract. However, the lessee has failed to honor the agreement and has not issued the bonus payment. Do I have good standing for legal action against the lessee to force pay…
> [@Breach of lease agreement](https://www.mineralrightsforum.com/t/breach-of-lease-agreement/43747):
>
> I own minerals in Section 20, Township 7, Range 2W as well as minerals in Section 17, Township 7, Range 2W. We signed a lease with ProMinerals Partners. Terms $2,000 per M/A and 3/16. ProMinerals has filed the lease in November 2019 with the county courthouse, but we have not received any bonus consideration agreed upon. It has been 5 months since filing and ProMinerals is not responding to inquiries. They offered to let us out of the lease, but I told them I was very happy with the agreement an…
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### Author:  [@MRFAdmin\_SV](https://www.mineralrightsforum.com/u/MRFAdmin_SV)
#### Post date: [January 11, 2025, 6:13pm UTC](https://www.mineralrightsforum.com/t/suspicious-purchase-offer/37259/30 "2025-01-11T18:13:15Z")
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