Any info on how to respond to this? $450.00 1/8, $400.00 3/16, or $75.00 1/5… I don’t know if this is a hot area or not? I decided not to lease because it was a bad lease with Walter Oil, so now getting pooled.
What is the Section this offer is discussing? And could someone explain what “pooling” means when you don’t accept the offer.
Sec 2-6S-1W… in pooling if you don’t make a selection they will make it for you and you are stuck with that… usually the high bonus but least interest… I will probably go with no bonus and 1/4 as that is an option to select.
Lynda K Olcese said:
What is the section this offer is discussing? And could someone explain what “pooling” means when you don’t accept the offer.
Sec 2-6S-1W… in pooling if you don’t make a selection they will make it for you and you are stuck with that… usually the high bonus but least interest… I will probably go with no bonus and 1/4 as that is an option to select.
What is the section this offer is discussing? And could someone explain what “pooling” means when you don’t accept the offer.
Am I to understand that when they come in and make an offer to drill (or is it lease?) they determine what they will offer and if you don’t take it, they give you what they want? Thank you in advance for the explanation.
Sec 2-6S-1W… in pooling if you don’t make a selection they will make it for you and you are stuck with that… usually the high bonus but least interest… I will probably go with no bonus and 1/4 as that is an option to select.
What is the section this offer is discussing? And could someone explain what “pooling” means when you don’t accept the offer.
In a pooling situation, if you have not accepted a lease, I understand that they have to give you “highest and best” lease that was offered to other mineral owners in the drilling unit.