I've searched records and found two lease agreements recorded in Logan County in the last two weeks. The section, township, range and lots all match the 1/4 interest share that my mother-in-law owns, according to her deed. These must be the owners of the other parts of the interest that my mother-in-law owns. The leases do not indicate what the bonus payment is, but do indicate the royalty. I have two questions before I call the landman to negotiate a better deal for my mother in law:
1. Does the fact that we have not signed yet provide us with more leverage, since we are apparently holdouts? Do the drilling companies require our signatures before they can begin?
2. One of the two owners signed not with T.S. Dudley, but with Osage. Does my knowledge of this present another bargaining tool?
For the background, view this thread: