I own some mineral rights in Texas. Every so often I receive an offer to buy them. Here’s one I saved. It is one of the most creative, eye-catching concepts I’ve ever seen, and one that could work wonders for you in getting your offers accepted. Obviously it will have to be rewritten for a note purchase, but the ideas are all here. This is the cover letter:
ADOBE OIL & GAS, INC.
Administrator
Wm. J. Mencarow, Jr. Estate
Re: COWLEY, Abstract/Section 525 of the J M LOVING
Dear Mencarow Jr. Estate Administrator:
Enclosed, please find our Bank Draft in the amount of $191.50. We propose to buy your undivided mineral and/or royalty interest in and under the tracts covered by the Lease as described in the enclosed Conveyance.
Please note, it is possible to divide a royalty decimal interest if so desired. For example, if you currently hold 0.0003450, that could be split into halves (1/2) or 0.0001725-1 it is also possible to sell an entire royalty portfolio if you desire.
If this meets with your approval, please sign the Conveyance before a Notary Public and take it with the Draft (enclosed) to your bank for collection within the next two to three weeks,
Thank you for your consideration.
Sincerely,
Bobby Adkins
Presldent
BA/bn
Enclosures – Two
Yes, they are making the offer in the form of a bank draft! They even explain they can buy partials and portfolios. (Of course, they made a small error. I haven’t died yet, and I haven’t been able to figure out how to be administrator of my own estate, although I’m working on it.)
Here’s the second part of the mailing, the actual bank draft, with instructions attached:
DRAFT
NOT LATER THAN 30 DAYS AFTER THE ARRIVAL OF THIS DRAFT AT THE COLLECTING BANK, BUT SUBJECT HOWEVER TO APPROVAL OF TITLE, ENGINEERING EVALUATICN AND VERIFICATION OF INTEREST AND INCOME, TO THE LANDS COVERED BY THE ATTACHED INSTRUMENT:
PAY TO THE ORDER OF: Wm. J. Mencarow Jr. Estate AMOUNT: $191.50
THIS DRAFT IS IN CONSIDERATION FOR THE LANDS DESCRIBED IN THE ATTACHED CONVEYANCE.
TO: ADOBE OIL & GAS, INC. NOT A CASH ITEM
1000 BALLPARK WAY, SUITE 204
ARLINGTON, TEXAS 76011
ATTN: BOBBY ADKINS 1-817-461-4967
AT: COMERICA BANK
P. 0. BOX 650282
DALLAS, TX 75265-0282
ATTN: DOMESTIC COLLECTION
DETACH HERE
INSTRUCTIONS
1. THE CONVEYANCE:
a. SIGN THE CONVEYANCE IN THE SPACE PROVIDED BEFORE A NOTARY PUBLIC.
b. FILL IN YOUR SOCIAL SECURITY NUMBER, AS WE CANNOT PAY THE DRAFT WITHOUT IT.
2. THE DRAFT:
a. ENDORSE THE THIRTY (30) DAY DRAFT ON THE BACKSIDE EXACTLY AS YOUR NAME APPEARS ON THE FRONT.
3. THE COVER LETTER:
a. PROVIDE US WITH THE NAME OF THE COMPANY OR COMPANIES THAT YOU RECEIVE YOUR MONTHLY CHECKS FROM.
4. STAPLE ALL FOUR PAGES (cover letter included) TOGETHER AND TAKE THEM TO THE COLLECTIONS DEPARTMENT AT YOUR BANK. THEY WILL SEND THEM FOR COLLECTION THROUGH OUR BANK:
ATTN: DOMESTIC COLLECTION
COMERICA BANK
P.O. BOX 6580282
DALLAS, TX 75265-0282
5. DO NOT MAKE ANY CHANGES TO THE CONVEYANCE OR THE DRAFT. IF YOU FIND AN ERROR, PLEASE CALL ADOBE OIL & GAS, INC. AT 1-817-461-4967.
The final part of the package is the conveyance. Rather than sending a long, complicated contract, they send a half-page conveyance. Again, this is for purchase of mineral rights, but it could easily be written for a note purchase:
THE STATE OF TEXAS
CONVEYANCE OF MINERAL AND/OR ROYALTY INTEREST
COUNTY OF WISE
WHEREAS, The undersigned GRANTOR is the owner of an undivided Mineral and/or Royalty interest in and to the following described land in Wise County, Texas, to-wit:
COWLEY, Abstract/Section 525 of the J M LOVING, RRC #19982 in Wise County, Texas.
NOW, THEREFORE, KNOW ALL MEN BY THESE PRESENTS, that ADOBE OIL & GAS, INC., A Texas corporation, whose address is 1000 Ballpark Way, Suite 204, Arlington, Texas 76011 as Grantee, for and in consideration of the sum of Ten and No/100 Dollars ($10.00) and other valuable consideration cash in hand paid by ADOBE OIL & GAS, INC., the receipt of which is hereby acknowledged, does Bargain, Sell and Assign unto the ADOBE OIL & GAS, INC., Grantee, as set out below, all of my mineral and/or royalty interest in the above described property.
This assignment is made without warranty, either express or implied.
The terms hereof shall extend to and be binding upon the parties hereto, their heirs, legal representatives, successors and assigns.
WITNESS THE EXECUTION HEREOF at, this the day of ______.
SS#:______ – ____ – ________ or BY:
____________________________
TIN#:____-________________ Wm. J. Mencarow, Jr. Estate
THE STATE OF _____________________________________
COUNTY OF ________________________________________
This instrument was acknowledged before me on this, the ___________________ day of ____________________________ , by Wm. J. Mencarow, Jr. Estate.
By _________________________________________ .
My commission expires:
_____________________________________________
Notary Public – State of
