So if I’m reading you right, negotiating favorable terms now at 3/16 with no post production charges, or at least a Mittelstadt Deductions Clause, might prove to be a little better than waiting for pooling to possibly occur down the unknown road?
One, I get a small signing bonus now presuming lease terms are favorable(no deductions). Two, if pooled down the road it might be “a bit more iffy pooling.” And by iffy pooling you mean, I might not get a pooling offer with 3/16 royalty, but less than 3/16? And this is because energy prices are trending low?
I’m still waiting to hear back from the operator since they ran title, so I can ask how much of the 10 acres involves my minerals. It’s possibly a decent percent of this tiny well as I have 2/3 of the 20 and 10 acre parcels purchased all over Oklahoma by my family back in the early 1900’s.
Thanks:)