Reply #20: Sounds like some shady stuff... [View All]

[TTUBatfan2008]

I always try to warn royalty owners about people who might call them inquiring about their interest. There's a lot of sneaky stuff that goes on. We had an old royalty owner who accidentally sold all of his mineral rights across the country to some d-bag outfit that we knew was questionable. We couldn't do anything about it because we only found out about the transaction after it happened. They gave him $20,000 and he owned minerals in quite a few areas of both Texas and Oklahoma. The only good thing was he is in his late 80's and he told us he really needed the money, even though he didn't want to sell all of his rights. But short term hopefully it worked out for him.