You’re really at the mercy of the operator in your area. If they decide to increase production on rights you own, a landman will contact you with a lease offer. As others have pointed out, draft leases are never favorable for the mineral owner, so it’s good to have an experienced attorney review it. This forum is a good resource for knowledge and experience. Whether or not an operator will start exploration is hard to say. With the price of oil down and a slowing economy, it is less likely for them to seek new permits. The US became a net exporter of energy not long ago, so there is already a risk of overproduction. The operators really want an increase in demand, and what we’re seeing right now is the opposite. It can change quickly, so you just have to wait to see what will happen.
1 Like