back40
Member
Help! We own property (less than 100 acres) in south central Texas. We have lived here for less than a year so are not familiar with mineral rights issues. The energy people are all over our area trying to sign up oil and gas leases. We own 50% of the royalty rights to our minerals. The neighbors on all four sides have signed leases for 3 years with an option for 2 additional years. I just received the contract and although the signing bonus check sounds good we am wondering if we could be signing ourselves up for misery for the rest of our lives. This is our home and not a huge acreage. Any advice or experiences that might help us decide whether to do this or drop the idea like a hot potato?
Thanks!
Thanks!