Mineral or royalty offer
Read the interest, tract, price, and closing terms.
Read the offer guideReceived an offer?
Read the tract, interest, and written terms.
A mineral purchase offer, royalty offer, division-order request, and oil and gas lease are different records. Keep a copy of each one.
- Keep the documents.Save the letter, envelope, purchase agreement, oil and gas lease, division order, deed, and any email about the interest.
- Check the tract and interest.Look for the county and legal description. Check whether the offer is for minerals, royalty, a lease, or an undivided part of an interest.
- Read the terms.For a purchase offer, look at the interest, price, and closing terms. For a lease, look at the bonus, royalty, primary term, and legal description.
- Check inherited interests.If the interest came through a parent, grandparent, or estate, deeds and probate records may affect the ownership share. Other heirs may own an undivided part.
- Use your own adviser when needed.A lawyer, tax adviser, or other trusted professional can give advice that this site does not provide.
Oil and gas lease
Read the bonus, royalty, term, and land description.
Read the lease guideDivision order or inherited interest
Check the decimal, owner name, tract, and records behind the interest.
Read the division-order noteA second look
Have you received a competing offer?
If you would like a Lone Pine landman to look at the basic facts and call you back, send us the county and the type of offer. You do not need to send private records to start a conversation.
Have a Landman Call You