We have been negotiating our two sections in Reeves County for the past month with three different companies. The bonuses are all about the same, 3 years, 25% and all three insist on a 2 year option. From everything we have read an option is not the way to go for the landowner. All three companies say with the infrastructure in Reeves County they need the extra two years (rigs/equipment). We would like to say no to the option but are dealing with several family members and have a fear of being dropped and getting nothing.
Any suggestions from anyone?
M and K Haag