Treat any active leasing or purchasing decisions carefully
For those involved in any type of leasing or selling transactions - be very very careful about what you are signing these days. (Well, that really should be your perspective at any time). I guess I’m saying that it’s particularly important this very moment. As I write, I see a note flashing across my screen that oil has just dropped to its 18 yr. low.
Specifically, the vast majority of the paperwork used by those buying and leasing minerals provides for them to quit or alter the pricing of most deals totally at their discretion. Thinking that you’re going to outsmart the other side of the transaction by acting quickly “before things get worse” is a fools errand.
The majority of the paperwork (regarding buying or selling) that is currently in the hands of mineral owners is worthless - errr, well except for other uses as I am seeing in the news