I'm an independent landman (2+ years now!) and a mineral owner with a lease. I'm familiar with many aspects of researching title and leasing minerals, but not how the operators work. I'm new new to this forum and it looks like a good place for some general information on minerals and how the industry works.
As part of a large neighborhood association in Arlington, TX, I signed a a 3 year lease with 2 year option in January, 2007. Three years passed this January and, to my knowledge, there has been no well drilled which would service my neighborhood. In February, my next door neighbor received a lease extension bonus check (part of the original lease negotiations) and I have heard of others in the area receiving the same, but I and most of the neighbors I have talked with have not received anything. Is this unusual? It seems to me tht if the lessor is going to extend one lease in the area, they would extend everyone. Anybody have any ideas?