Is it important to know who lessee is?

Buddy: You might be able to elaborate on this issue and confusion Ms. Young is having. We need to differentiate between “mineral rights” and a “mineral lease” I hear folks talk about their mineral rights or the buying and selling of mineral rights. Another cautionary area of managing your minerals. I receive offers all the time to purchase my mineral rights, typically to a producing well, usually for pennies on the dollar of value. These entities are wanting to purchase your “mineral rights” and existing production. “Mineral Leasing”: Obviously this is where, typically an Oil/Gas Company or “Operator” wants to lease your “mineral rights” for a specified time frame to drill an oil or gas well. This includes the bonus payment and royalty interest rate and other provisions such as pooling, pugh clauses, as well as assignment notification to the lessor. As Mr. Kennedy correctly stated, even if your mineral lease is assigned, in part or whole, the original lease terms prevail. If no well is drilled and your mineral lease expires, you are free to lease your mineral property to another interested Operator.