I own two small lots of land, each 4.36 acres. So total, I own 8.72 acres of land and 1/4 of the minerals. The oil company has approached me with a lease agreement. I have heard that you can have your minerals produced by the oil company without signing the lease but i'm unsure of how this process works. can someone tell me what the pros and cons of each decision are so I can determine what is best for my situation?
The well was staked last week and was it mentioned to me to start drilling within the next 60 days.
Thanks for any help,