It's 6:15 p.m.on a Wednesday night.Partners Logan King and Chase Bechtel are going over check details and leases provided to them by an individual who owns significant holdings in Martin County,Texas.It turns out the owner had multiple offers on the table and gave the pair a"drop dead"date of Friday to get in the mix.Logan yells across the hall to Chase,"Is the acreage located in Block 36 leased at 3/16ths,or 25%?"Everyone who has waded into the mineral and royalty acquisition space has been in this situation.Chase responds,"That's the tract where the owner said everyone who has already made offers is assuming it's a 25% royalty burden,but it's actually leased at 3/16ths."These are the kinds of details that can either make or break a potential acquisition.Handling this problem is one of the many ways that Paint Rock Royalty LLC sets itself apart from the competition.
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