My family owns a small amount of acreage in the NE/4 of Section 24, Block 35, Township 4 North in Dawson County, Texas. We have recently been approached with a lease offer of $2,500/acre on a 25% royalty. I see that Ike Operating drilled the Glacier 24-1 I #2DN and Glacier 24-1 C #6DN in July 2025, they are both producing. They also drilled the Teton 24-6 E #2DN which was completed in March 2025 but is not yet producing.
These wells start in the NE/4 where we own. We haven’t received any correspondence from Ike Operating and to my knowledge we did not sign a lease with them. Does this mean we were pooled or that these are allocation wells?
I’m confused as to how a company can lease our minerals if Ike has already drilled on them. Would the company be leasing with the intent to drill too, or are they wanting to lease and get paid the royalties from the Ike wells?