My mother received a letter from Capstone Land Company stating they plan on drilling a well in Section 10-07N-02W and will be going before the Oklahoma Corporation Commission to have this section pooled.
They are extending two offers: $650.00 per net min acre bonus 12.5% Royalty in the event of production 3 year + 2 year option to renew or $550.00 per net min acre bonus 18.75% Royalty in the event of production 3 year + 2 year option to renew
Is it better to accept one of these offers or wait for the pooling? I thought the pooling was like an automatic lease.
Thanks for any advice!