Hi Brenda -
I agree with Linton in that if we knew where your properties were located we could probably send you more than just general information. If you want to send the legal descriptions privately, click on our names wherever they appear in BLUE and send us invitations to become A Friend on The Forum and you can send them that way.
There are going to be "new wells" in Reeves County and more than a dozen additional West Texas Counties for years to come. As to whether the ones near or including your properties are going to be the huge producing ones you keep hearing and reading about would be all but impossible to tell until they are actually drilled.
I usually advise people to not sell, but have learned over the years that sometimes they have a reason to need to, like medical bills or getting somebody through college.
If you want to take advantage of the currently tremendous offers you are receiving just to have some wild money, then perhaps you should think about only selling a part of your interests. Just remember that you're going to have to pay taxes on whatever amount of money you end up with so don't go blow it all on something you really could have done without.
And be extremely careful about who's offer you accept and have an experienced Oil and Gas Attorney review every scrap of paper they send you BEFORE you even verbally agree to anything. There are any number of scam artists out there trying all sorts of ways to separate the inexperienced from their interests. Sometimes even using the inexperienced owners' own money to do so.
Hope this helps -
Charles Emery Tooke III
Certified Professional Landman
Fort Worth, Texas