References

Provided for your review with our clients’ permission.

My family has engaged Lee Caple and his staff to sell a group of diverse mineral interests. We have been incredibly pleased and amazed at the manner in which the entire process has been executed. By selecting Caple Royalty to represent us, we have tapped into an organization that is founded on professionalism, diligent on execution, and deeply committed to personalized customer care. We could not be happier with the results.

— Gary and Kent N., Permian Basin, TX

We recently received several offers for our mineral rights in West Texas. Although the offers were relatively competitive, Caple Royalty Services proved to be the best organized and prepared to move quickly throughout a very complicated process. They established themselves as both capable and honest in their representations and were a pleasure to work with.

— Douglas H., Loving County, TX

Caple Royalty Services helped our family navigate a once in a lifetime decision. Offer letters to buy our mineral rights kept rising. We wanted to sell but had ZERO expertise to evaluate the offers, so we decided to hire Caple Royalty Services to run an auction to let the market determine the price. I am happy to report that the high bid was 60% over the highest offer letter that we had received. We accepted the high bid and the transaction was very smooth. Lee and his staff were very easy to work with and we never felt any pressure to do one thing or another. Highly recommended.

— David, Reeves County, TX

We were looking to get top dollar along with professional and knowledgable service in selling our mineral rights in western Oklahoma. Lee and his team found the right buyer, negotiated a good price, and closed the deal in a timely matter. If you are looking to sell your mineral rights, Caple Royalty is the best choice.

— Barry L., Custer County, OK

Lee Caple and Caple Royalty Services successfully sold my mineral rights. I felt he got the most fair price and worked hard for my best interest. He kept me informed with each step of the process. Lee went over and beyond in his research, with what little information of genealogy that I had to share with him regarding the minerals. It took only a short time for Lee to sell all my mineral rights. In today's world, it is hard to find a trustworthy man and company. Lee and Caple Royalty Services are all that and more. Lee is confident, knowledgeable, and honest in his business dealings. I would not hesitate contacting Lee with my business dealings again and I would for sure recommend him. Lee is a true Godly man. Thank you Lee Caple and Caple Royalty Services for helping me in so many valuable ways.

— D.R., East Texas

I can highly recommend Caple Royalty if you are looking for a first class organization to represent you in the sales of all or part of your mineral interests. Lee negotiated a top dollar price for me and walked me through the closing process with no problems what so ever.

— Jim E., Garvin County, OK

Caple Royalty Services did a fantastic job assisting me in the sale of my mineral interests. In today's world it is hard to know who to trust but Lee was completely honest with me and worked to get the best possible price for my minerals. Lee was always available when I called and was always happy to answer any question. If you are considering selling your mineral interests, I would highly recommend calling Caple Royalty Services first because Lee will get the best possible deal for you.

— R.P., Upton Country, TX

My husband owned minerals in Upton and Schleicher Counties, Texas. We started getting offers for as high as $300,000, and we decided we were interested in selling. My brother-in-law did his research and found Caple Royalty Services. Everything about them sounded good and we contacted Lee Caple. Lee explained everything to us and kept us informed. Our minerals sold for $425,000 in less than a month. Lee did not push us to take the offer. We are grateful for all the help.

— J.G., West Texas

Lee successfully sold my mineral rights, and I felt he got the best price available. He communicated thoroughly through the entire process. His knowledge of the industry was invaluable to us with our complicated issues in West Virginia. Lee Caple is the best person to use and we will use him again for any mineral sale we have. Thank you so much.

— L.P., Wetzel County, WV

Lee, thank you so much! I appreciate your help with this and would never hesitate to call you! You did a GREAT job!

— E.M., Harrison County, Texas

Lee Caple, Caple Royalty Services, was contacted regarding a mineral lease offered to us on interest in Yoakum County, Texas. Lee negotiated a lease that was very beneficial to us. His knowledge of the industry was invaluable to us. He was always available for discussion of our questions, easy to speak with, and offered expert advice regarding our choices. Our investment with Lee was a most wise choice. We are grateful for his negotiation of the lease for us and his kind spirit -always. Thank God for a true Texan.

— E.S., Yoakum County, TX

Lee successfully sold my mineral rights, and I felt he got the best price available. He communicated thoroughly through the entire process. I now consider him a friend! Thank you Lee!

— Joe, Bradford County, PA

I am happy to be able to recommend Caple Royalty Services to all who would seek your services. You have exceeded all our expectations with diligent attention to our needs, timely reports and answers to our questions. This is a company you can be comfortable with in pursuit of your interest.

— A.S., Coal County, OK

I have worked with Lee Caple for 20 months regarding a family matter concerning oil/gas holdings in Oklahoma. I have found Lee to be honest, prudent, approachable, and very easy to work with, to the satisfaction of a family of seven. Lee is a real gentleman.

— V.P., Coal County, OK

Caple Royalty Services worked collaboratively with my brother and me throughout an unfamiliar, and difficult process. The clear education, honest information, and effective communication were much appreciated.

— Niki, Canadian County, OK

I feel fortunate to have found Lee Caple to help me negotiate an oil lease on my property. His expertise was very helpful and gave me peace of mind with his suggestions. He was most pleasant and easy to talk with. I also appreciated his integrity and his promptness in returning calls and e-mails.

— Liz, Jones County, TX

Thank you from the bottom of our hearts--you got my mom three times what she was initially offered and provided valuable advice--you do business the old-fashioned way, Lee--with grace, honesty, and respect.

— LMM, Ritchie County, WV

Lee Caple and Caple Royalty Services did an outstanding job of finding us a buyer for our mineral rights. Lee was extremely thorough and professional at every stage, resulting in an excellent offer and sale. I recommend Caple Royalty Services to others looking to maximize their profits.

— Paul, Reeves County, TX

I always felt a relief by Lee's great attitude and communication that we had the best person in our corner!! Thanks again Lee!

— Ted, Reeves County, TX

My sincere thanks to Lee Caple and Caple Royalty for the work done to sell property owned in Reeves County. Lee took every step to ensure the sale was thorough and completed in a timely manner. I am very grateful to have had the opportunity to work with him and highly recommend Caple Royalty because of the excellence in every facet of the transaction.

— Kathy, Reeves County, TX

I always felt a relief by Lee's great attitude and communication that we had the best person in our corner!! Thanks again Lee!

— Ted, Reeves County, TX

Thank you, Lee. You exceeded our expectations and proved to be the hard-working, trustworthy company that was recommended to us. We are all very pleased with the results of your work....and we're not always easy to please.

— Beckie, West Texas

Because Lee is specifically knowledgeable with handling oil leases, he took a great deal of stress and pressure off of me. Now I no longer have to worry about who we sign with or whether we are getting the best deal.

— Craig, East Texas

From the time I first met Lee, I felt very reassured that we had made the right choice in retaining Caple Royalty Services to assist us with the sale of our oil & gas properties. Lee was very professional, and I could tell he had a wealth of knowledge, experience, and an extensive client base in which to solicit offers. He was never hard to reach and was always very quick to return calls and answer questions. He really stepped up when it came time to facilitate a complex set of documents between us and the buyer. We will always give our highest endorsement to Lee Caple and his staff to anyone requiring assistance with marketing their oil & gas properties.

— Robert Weaver, President of Cassidy Oil & Royalty

Mr. Caple negotiated a gas/oil lease for me. I felt his commission was a good investment since I am inexperienced in this field. Without his professional due diligence I would never have known if I was leaving money on the table.

— John, Cimarron County, OK

I appreciated your responsiveness during this whole process. Learning what we needed to supply rapidly was a great enabler of our successful sale. I also feel like you got us a very fair price.

— Roger, Reeves County, TX

I am a land owner in southern Gonzales County and have been watching the activity by the petroleum industry in the Eagle Ford Shale for the last several years. The reality had occurred to me and my family that a drilling company may never actually produce a well on our property even though the potential for oil and gas production in the region is very high. There was a certain element of terror associated with the thought of selling some of my royalty interests. As the good Lord has given me the privilege of owning a ranch that has been in our family for many generations, I needed to avoid the feeling that I could never gather enough accurate information concerning the Eagle Ford to make a responsible decision about selling my royalty interests in the estate. I was introduced to Lee Caple of Caple Royalties by my financial advisors and was overjoyed with the prospect of having an independent petroleum professional guide me through the process of selling some of my royalty interests. Mr. Caple and his staff helped me to understand the value of my royalties and the wisdom of selling off some of these interests in an effort to minimize some tax consequences and preserve capital. I am not sure that the petroleum industry really understands what is happening in the Eagle Ford but Lee Caple certainly does. I had huge misgivings concerning selling some of my royalty interests but these doubts were swept away by the professional advice and wisdom shared with me by Lee. He was there to walk me through the steps necessary to avoid making mistakes along the way.

— Jeff, Eagle Ford Play

Steve, you have been a pleasure to work with. Thanks for all your help, and hopefully, we’ll do business again in three years.

— Rick, Ward County, TX

I greatly appreciate the fast actions you took by helping me to be able to take care of my Mom’s business matters in such a timely manner. I also appreciate your kind spirit. God bless you.

— Glenda, East Texas

Thank you so much for your services! Your expertise was invaluable in the sale of my mother's gas rights. My husband is a consultant in agriculture, and I knew the right thing to do was to find a consultant in this field. Lee was very thorough, knowledgeable, and professional! He explained every step so I felt at ease during the entire sale process. I will surely recommend Caple Royalty to everyone who needs assistance in selling their mineral or gas rights.

— Cindy V., Dos Palos, CA

I am most pleased with and appreciate the research and presentation of the appraisal I received.

— Mary Anne, Baton Rouge, LA

We heard about Lee through a relative who attends the same church with Lee. That recommendation was confirmed by Lee’s openness, integrity, and professional communication with us. The results of Lee’s work were beneficial to us all.

— Ric and Rachel, Dimmit County, TX

Lee, you did a great job finding the right buyer, creating great documents, being very available, having a pleasant attitude, advising with certainty, being quite persistent, acting very thorough, maintaining good integrity, etc. It was a pleasure working with you. I am glad the advisors with Financial Innovations recommended you.

— Debbie, Bastrop County, TX

Lee, thanks for the quick work on this project (Reserve Evaluation Report) for us. We greatly appreciate it!

— Marty, Eagle Ford

Lee Caple and the Caple Royalty Services Team are AWESOME. Most of our family lives outside of Texas yet we have property in Anderson County and we had offers for an oil and gas lease; we knew very little to nothing and we needed someone who knows the business in Texas and had experience with negotiating. We are so happy and grateful to have found Caple Royalty Services to represent us; they are knowledgeable, experienced, professional and patient and negotiated a much better contract than we could have gotten on our own. We highly recommend Caple Royalty Services for anyone who needs an advocate concerning oil and gas leasing. Thank you, Caple Royalty Services.

— Will, Houston, TX

For over thirty years I have personally known the work of Lee Caple and have witnessed his integrity and compassion. His knowledge and skills are unsurpassed. Lee has experience in all levels of the oil and gas business, as an operator, landman, lessor, lessee and royalty owner. I offer my full recommendation without reservation.

— J. Don Westbrook, Coghlan Crowson, LLP, Longview, TX

Thank you, Lee. You did an absolutely incredible job for our family, and we provided some substantial obstacles to you, which you navigated with much expertise. You worked tirelessly to provide us the best possible lease. We are greatly indebted to you. In the future, if we have another opportunity to lease our oil and gas mineral interest, you can be sure that you will be the first person we turn to. Thanks again.

— Mike, Dallas, TX

Lee Caple provides fast, responsive, and expert service in a field where amateurs can't crack the codes. He located royalty payments that were due me and is now acting as my agent in marketing a mineral property. I have been very pleased with his work.

— Diana, Pittsburg, PA

I would like to recommend the services of Caple Royalty. Lee Caple represented our family to oil companies interested in our property with only our benefits foremost. I would not hesitate for he & company to be spokesman for our family again.

— Mary Anne, Baton Rouge, LA

I am grateful to Lee Caple for assisting me in my negotiation for some newly found mineral interests that I inherited. Lee's background in the oil and gas industry was very helpful in explaining to me the fair market value of the amount of royalty interest I should ask for in negotiating the new lease. He was also able to discover parts of the lease that were harmful to my legal interests. As a result of his knowledge and attention to detail, I have a great lease that fully represents my best interests!

— JPB, Ft. Worth, TX

Thank you, Caple Royalty for the professional manner in which you provided our family with the successful leasing of our property. You kept us informed. You explained clearly and concisely the decisions to be made in terms lay people could understand. You worked in a patient and sensitive manner with our complex family concerns and brought this project to a productive and timely conclusion, which pleased all.

— FH, Panola County, TX

I recently received an offer to lease acreage in Milam County, Texas, for oil and gas exploration and drilling. The offer seemed reasonable enough, but to be on the safe side I asked Caple Royalty Services to serve as agent in the discussions. After considering the initial offer, Caple Royalty contacted other parties that might have interests in the area. The result: Caple Royalty negotiated a contract that was twice the value of the original offer. Further, Caple Royalty set up a meeting at a local bank so that all financial transactions and agreements could be made with absolutely no inconveniences to me. I am delighted with my service and with the professionalism of Caple Royalty Services.

— CR, Milam County, TX

With Lee Caple's experience in the business of buying and selling oil royalties, he was able to advise me that my royalties were more valuable than I had been led to think they were. Although the market is volatile, Mr. Caple and I were both pleased that my royalties brought an even higher auction price than we hoped to receive.

— YH, Jefferson Parish, LA

I really appreciate the honesty. In this day and time, it's nice to know there are people who still have your best interest in mind.

— H.H., Karnes County, TX

Recently I had the pleasure of working with Lee in a sale of property. I found Lee not only very professional, but extremely easy to speak to. He made some matters that seemed complex, much easier to understand and hence deal with. The efficiency of his work also allowed for ease and quickness of resolution.

— James, Reseda, CA

Lee Caple has just concluded his representation of us on a complex mineral and land sale in West Texas. Lee needed to address 3 independent parties on the sell side that required skillful handling of individual concerns. Lee demonstrated professionalism and insight with the buyer, advising and executing multiple offer and counter offer actions. The result was an extraordinary smooth and timely sale where all parties were pleased with the final product. I am willing to speak directly with interested parties and I am authorizing Lee to provide contact information as needed.

— Gary, The Woodlands, TX

Caple Royalty Services has advised and marketed minerals for the State of Texas. References available upon request.