I have minerals in Section 2 13N R19W with a couple of producing wells. The McLaughlin #1-2 and Frazier #1-2 I received paperwork that Nadel & Gussman and Vogel Exploration are attempting to obtain consent from Unit Petroleum and Tecalli Exploration (not my section) to drill horizonal laterals to develop such formations and request the creation of a 1280 acre horizonal drilling and spacing unit.
My question is how likely with they get the OCC to grant a waiver of consent? What would that mean to me in the future? I received an offer to buy our minerals in that section for $200,000 so I’m assuming there should be money in the future if someone is willing to pay that much now.