Hello everyone. Earlier this week, in the late evening, I recieved a phone call from a man saying he was sending me a lease on my share of a portion of mineral rights I have apparently inherated from my father. The lease arrived the next day along with a check for I was to sign and return to them. I haven't even had time to read through the lease when today fedex delivered papers from EOG Resources telling me I have 30 days to opt in for a sum of the cost of a test well that will start operation on the 25th or face a risk penalty if I don't.
First off, I do not know a thing about all this stuff and feel like I am being pressured to either pay my share of the cost for the well or the penalty before I had a chance to look over the lease and decide if I wanted to sign it or not. The lease was a Paid-Up Oil and Gas Lease through EOG's leasing agent Contex Energy, and seems to be off the table now. By the way, the lease is dated November 22nd if that matters, but I wasn't contacted until this week and not by EOG or Context but by someone from SJE Land Consulting.
I really don't know what to do. The lease and the letter from EOG are conflicting on just what my share in the rights are. They aren't big, less that 1% and I guess I'm more worried about my liablilties with this stuff since I can't even afford a lawyer to look into this.
Any and all advice is whole heartly welcome here. I feel so worried that I am heading into big trouble here over something that is going to cost me big time and I don't know where to turn. Is this normal for these company to come at you like this and not give you anytime to think?