When it comes to selling mineral rights, one person you will likely be dealing with is a landman. A landman/landwork is defined by the American Association of Professional Landmen (“AAPL”) the following way:
who negotiates the mineral rights deal in behalf of an oil or gas company.
In the past, a landman was referred to as a leasehound but this title has become obsolete. There are predominately two types of landmen in the oil and gas industry:
Because the buying and selling minerals rights can be so complex, hiring a professional and reputable landman is vital. Several things to inquire with the landman you are dealing with may be:
A good landman will be punctual, knowledgeable, thorough and accurate. Also
important is to make sure the landman keeps matters regarding the buying or selling of mineral rights private. Title research, contract negotiation mixed with a competitive environment makes it crucial to work with a landman you can trust.
Gallatin Natural Resources, LLC
5646 Milton Street, Suite 401
Dallas, TX 75206