Have you received an offer from Parous Energy LLC? Several of our readers have recently asked us about offers received from Parous Energy. Specifically, who is Parous Energy and are the offers they are making fair and reasonable? This article is intended to provide you some guidance on how to approach an offer from Parous Energy LLC and offer letters in general.
About Parous Energy
We are not familiar with Parous Energy or its management team and could not find much about them on the Internet. While this is not necessarily unusual, we always feel more comfortable with highly visible companies. Having said that, based upon the offer letters we have seen, they are in the business of buying mineral rights and willing to make offers to mineral owners in your area.
The good news if you are looking to sell your mineral rights is that Parous Energy is interested in buying them. They have already provided you an indication of their interest, how much they would pay and what they need from you to make it happen. With that said, let’s discuss the second question we have been asked about the letters. Is the offer from Parous Energy LLC a good offer? It certainly could be. The only way to find out is to do what you would do in any other sales situation – test the market. If someone knocked on your front door and said I will offer you $100,000 for your home, would you immediately accept that offer or would you call a realtor and list it and find out?
We highly recommend our readers evaluate all offers, including the offer from Parous Energy. It may very well be the highest, but without testing the market in your area how can you really know? Here are our recommended steps after receiving an offer from Parous Energy LLC.
Steps to take after receiving an offer from Parous Energy LLC
- Step one – Contact Parous Energy LLC directly, confirm the offer and negotiate for a higher price.
- Step two – Ask Parous Energy LLC to provide a formal written offer but do not sign anything until you fully understand the agreement. Please contact us if you have any questions about what type of agreements you should sign.
- Step three – Reach out to other mineral rights buyers or list your property for sale to ensure that the offer from Parous Energy LLC is the highest offer you can expect to receive. We highly recommend you do not skip this part.
Many of our readers neglect Step three. Finding additional buyers is time consuming and extremely difficult. Even more difficult is finding buyers willing to pay premium prices. You may have already spent some time shopping your property and discovered this firsthand. For this reason, we recommend US Mineral Exchange. US Mineral Exchange does not purchase mineral rights or royalties. Rather they provide mineral owners with an online listing platform or private placement option depending upon your individual property specifics. US Mineral Exchange can very quickly market your property to a large audience of mineral buyers looking to purchase in your area. The best part is you will pay no out of pocket expenses at any time. As always, we are available for additional questions about your offer.
