I received a Certified Letter for a Well Proposal with 5 choices. Not sure which I should choose. Any help would be appreciated.
- Participate with your interest by paying your proportionate share of completed well costs; or
- Lease/assign your interest to Coterra for a cash consideration of $1600 per net acre delivering an 87.50% net revenue interest; or
- Lease/assign your interest to Coterra for a cash consideration of $1500 per net acre delivering an 81.25% net revenue interest; or
- Lease/assign your interest to Coterra for a cash consideration of $1250 per net acre delivering an 80.00% net revenue interest; or
- If you unable to deliver a net revenue at any of the options above, assign your interest in Coterra at the current deliverable NRI for a cash consideration of $10.00