Our minerals not leased, three wells drilled

Tyler,

Erick Camp is correct from a legal point of view. (Except you are probably not “unleaded”) You may have other options that could suit your needs and cash flow. For example, sell the well bore interests and perhaps the formation or mineral rights. It depends on what you want from the mineral rights owned and leased.

If my assumptions made as a result to your post, you own approximately 10 net mineral acres and involve as much as a quarter of a million dollars of present value profit so, if that is significant to you, take your time on a decision. Remind the land man that they screwed up not you. You have the laws and regulations on your side. Use them to your advantage and do what is right for you.

Whatever you do, get some legal help in the documentation. It is pretty tricky.