We have mineral rights east of Greely in weld county, I understand many oil companies are signing leases right now in that area…Do we wait for someone to contact us to lease our rights, or do we contact the oil companies ourselves… ?
If you are familiar with the companies leasing in your area, terms, can give them your ownership info, et cetera, you may contact them. You may not get much of a response unless you are in an area they are currently interested in… Typically, companies or their brokers contact mineral owners within their area of interest. Corporate landmen would never get anything done if all unleased mineral owners called. While you are waiting you need to be considering especially if you own substantial acreage finding an acceptable lease form and rider to use for future lease offers and educating yourself on lease terms in your area. .