So, I'm not new to oil and gas leases but it's not like it's my business either. I have a less than .5 acre lot in town that came with minerals and a company wants to lease at 1/8th and drill it. I don't want to lease at what the company is offering and have countered. They have offered the same again with the alternate to participate as a working owner. I'm considering that. They say the cost to drill is about 3 million and obviously I'd have to pony up my part of that.
Outside of losing the initial investment if it's a dry hole, why would I not want to do that? How do I keep them honest? Related reading material I might look at without getting an oil and gas law degree?
And of course they may want to force pool me at some point if we don't get together.
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