Bill, Thank you for your insight and valid points. I am a 4th generation mineral owner so I definitely appreciate what you are saying even though I haven’t benefited from any royalty checks to date.
One question is: are you referring to Texas prices or WY prices? I thought Texas prices are usually higher than other states, but also you referenced the inflated price in 2008 before the recession, so I think it will take several years before it gets back to that price.
2nd question (since you seem to have more experience/knoowledge than what I’ve managed in the past few months): refers to our particular family’s conundrum. There is a lease on the one remaining active well on our section that is unlimited in term and dates back to 1969. Matrix has acquired it and is pumping just enough to not dry it out but make a small profit and send a very small royalty check to my mom. We were offered a recent lease that is now being released because Matrix would not relinquish the lease to Anadarko. I’m assuming behind the scenes Anadarko offered a small sum to Matrix and it wasn’t high enough to get Matrix to release the lease. Other than selling the mineral interests or sitting on the interests without a possible lease for the indefinite future, do you have any other suggestions for options? Anadarko has leased or bought most of the mineral interests surrounding our section. Thank you for any insight or opinions you have, I have very little trust in the landmen we’ve had contact with.