I posted something earlier ,but can’t find it so maybe I did something wrong…I received a Top Lease today from B&B Energy Interests LLC. It is an unsolicited lease as my current lease ends 8/20/19,though cover letter thanks me in agreeing to the lease. I have discovered that a Top Lease is a lease which would begin at the end of my current lease. My mineral rights are in Sec. 30 8N 4W McClain Co. OK. I have ,also, searched McClain Co. Records and find that B&B has done many leases in Sec.30 8N 4W since the beginning of 2019. I have not compared this lease with my current one , but will over the W/E. I also pulled some recent leases to compare the language, theirs to this Top Lease. In my current lease I followed all the advice and suggestions from previous comments from this site and have a good lease.
- Does anyone have any comments about B&B?
- Is this unsolicited lease something unusual?
- Is the offer competitive ($5300.00 w/3/16th royalty per acre)?
- Any reason not to just wait for current lease to run out? (I guess offer could be less 2 months from now…maybe more?) Any help would be ,greatly,appreciated. Thanks, Rick Buscemi