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Started By
Message
These mineral rights buyers are no better than Nigerian scammers
Posted on 5/13/25 at 11:48 am
Posted on 5/13/25 at 11:48 am
Theyre preying on the 1% that are that dumb or the elderly. Just had one leave me a voicemail offering 4K to buy 2 acres in a new unit with one well in it. Currently nets about 400 a month with one producing well. They can drill up to 8 in a section.
Literally pennies on the dollar.
ETA this is at rock bottom gas prices, with EURs in the area approaching 6-8BCF per hole. These people are criminals.
Literally pennies on the dollar.
ETA this is at rock bottom gas prices, with EURs in the area approaching 6-8BCF per hole. These people are criminals.
This post was edited on 5/13/25 at 11:52 am
11
Posted on 5/13/25 at 11:52 am to Strannix
Do you want to sign the deal with me or not?
Posted on 5/13/25 at 11:54 am to Strannix
(no message)
This post was edited on 5/28/25 at 2:36 am
Posted on 5/13/25 at 12:14 pm to Strannix
quote:
Strannix
Has no idea how business works and expects buyers to offer more than they need to to buy something.
Posted on 5/13/25 at 12:15 pm to SidetrackSilvera
Sad to know people make a living preying on the low IQ and elderly in society
Posted on 5/13/25 at 12:16 pm to Strannix
Are there people really dumb enough to take the $4k over the annual $4.8k?
Posted on 5/13/25 at 12:35 pm to Strannix
I’ll double their offer. You’re welcome.
Posted on 5/13/25 at 12:37 pm to Oilfieldbiology
It was bad in N LA and NE TX during the Haynesville boom, and also immediately after the 2009 slide.
Mineral buyers would send out a cover letter with a Mineral Deed or Royalty Deed, wording the letter and having some language in the deed that made it seem more like a Mineral Lease than some sort of conveyance. Sometimes a draft would be included, which any cashing of would constitute acceptance of the agreement.
Lower educated and elderly mineral servitude owners would sign and cash whatever draft or check was sent their way, not realizing what they did.
Mineral buyers would send out a cover letter with a Mineral Deed or Royalty Deed, wording the letter and having some language in the deed that made it seem more like a Mineral Lease than some sort of conveyance. Sometimes a draft would be included, which any cashing of would constitute acceptance of the agreement.
Lower educated and elderly mineral servitude owners would sign and cash whatever draft or check was sent their way, not realizing what they did.
Posted on 5/13/25 at 1:09 pm to Strannix
Takes a special kinda baw to manage a bunch of shite tiny interests all covered by different leases. I’d eat a fkn bullet.
Posted on 5/13/25 at 1:10 pm to ragincajun03
quote:Still is.
It was bad in N LA and NE TX during the Haynesville boom, and also immediately after the 2009 slide
Posted on 5/13/25 at 1:16 pm to sidewalkside
quote:
Has no idea how business works and expects buyers to offer more than they need to to buy something.
Are you serious? If someone comes to me wanting to buy something I didn't plan on selling, they are going to have to convince me to sell... And its going to take more than what its valued at.
Posted on 5/13/25 at 1:20 pm to Oilfieldbiology
quote:
Are there people really dumb enough to take the $4k over the annual $4.8k?
Probably so. They probably tell them some bullshite that if they put it up for sell they would have to end up paying for this and that and if they sell to them they will end up coming out ahead... Or whatever bullshite that will get them to agree in that moment because if they had time to think about it, ask other people. chances are.. they wouldn't end up selling it.
Posted on 5/13/25 at 2:20 pm to OweO
quote:
Are there people really dumb enough to take the $4k over the annual $4.8k?
If they owe a bill going to collections and they can’t wait for the $400/month, or they ‘need’ it that down payment for a new car, rims, or a multitude of other bad decisions, sure.
Posted on 5/13/25 at 2:29 pm to Strannix
quote:
Theyre preying on the 1% that are that dumb or the elderly.
The elderly do not automatically fall into the "easily duped" category unless they were already there to begin with or have begun to suffer dementia to some degree.
The 1% who are stupid enough to fall for their scams would have fallen for someone else's scam anyway so there's no way to really protect them. However, these scammers irritate the ever-living shite out of most people with their incessant calls - multiple calls daily - trying to pass themselves off as a legitimate product representative and wasting my time by having to answer a phone call when I am deep in the midst of assembling a project that requires my rapt attention. I wish there was a way to shoot them in the head through a phone receiver.
That being said - am I the only one that has noticed a marked decrease in the number of scam calls recently during the flair up between India and Pakistan? (I'm not kidding about this.)
Posted on 5/13/25 at 7:25 pm to OweO
It closed at $0.75 today.
Posted on 5/13/25 at 7:28 pm to Strannix
quote:I need to introduce you to this whole class of people with no conscience. We call them lawyers.
Sad to know people make a living preying on the low IQ and elderly in society
Posted on 5/13/25 at 7:34 pm to Swamp Angel
quote:
I wish there was a way to shoot them in the head through a phone receiver.
Well...you say that...
This post was edited on 5/13/25 at 7:35 pm
Posted on 5/13/25 at 9:30 pm to White Bear
quote:
Still is.
Definitely so. These pathetic immoral losers called my kid while he was working asking for me to call them. Harassing me is one thing, calling my kid was way over the line. I legitimately told the slimy landman bastard that I was going to come find him if he contacted my kid again. They are ruthless
Posted on 5/13/25 at 9:58 pm to Strannix
quote:
Sad to know people make a living preying on the low IQ and elderly in society
How analogous is this to someone like antiquetiger going to garage sales and finding things priced at 1/50 of the value?
Granny has a yardsale and doesn't know her late husband's golf club is worth $500 and prices it for 10?
The decent person thing would be to tell them they have wayy underpriced it.
Posted on 5/13/25 at 10:03 pm to Strannix
100% MI in the 2 acres?
$12,000 is the best I can do.
Don’t be afraid to share to API so we can verify that production.
$12,000 is the best I can do.
Don’t be afraid to share to API so we can verify that production.
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