Our mineral lease expires next February. Right now the company that holds the lease has a drilling permit issued but I'm starting to think they may not use it. I've seen no indications lately they're actively drilling anywhere nearby - for counties. In newspaper articles about their parent company, their division is always highlighted as holding back the overall profit performance due to the low prices of NG now.
So, I'm thinking in terms of the lease expiring and what I do afterwards. Where I suspect my situation may be unusual to the general leasing question is;
My 80 acres is the only privately owned property in the section. The state of Oklahoma owns the rest.
Does that pretty well leave me without any negotiating leverage? Maybe even on trying to choose a company more ready to drill? ( as example -The section next to me has a different company preparing their rig location now.)
Thanx in advance
Larry