Myself and other home owners on small lots of land in our small town here in southeast Kansas (Fredonia) have received offers from a company to purchase our mineral rights for horizontal drilling at 4 cents a square foot. I believe they are after oil since the letter says they are restoring the "historic oil fields" or something like that in this area. It also states they will be doing horizontal drilling. I want to know if refusing to sell will get me offers for a lease and royalty payments or if it will just mean that the oil down there will be drained and my profit lost since other land owners around are selling their rights? There is only one company involved as far as I know and they've already begun work outside of town from where they will do their drilling. Thanks for any help you can give.