We have mineral rights interest in land in Northern Louisiana. Approximately 3-4 years ago, our lease with “Company A” was bought out by “Company B”. Big Company A was doing very well at getting infrastructure in place, putting in pad sites, and drilling the first of a handful of wells. They got lots of good gas out, and we got a good return. Then they sold.
As I have researched Company B, it appears that they are generally recognized as not having the experience or the expertise in that Terryville play to reliably and profitably get the gas out of the ground. So, they have refocused efforts on some of their other national assets while ours lay (nearly) fallow. It’s still trickling out gas from what’s there, but nothing like what it should be producing.
Do we have any recourse for not pumping the gas?
Thanks in advance-