Hello! I’m new to this mineral rights stuff, so please bear with me. We own mineral rights in the Section stated above from the Jodie well. My brother and I inherited this back in mid 2016. We started receiving “healthy” checks from Longfellow in mid 2017. They were very consistent, always receiving them on or around the 1st of each month. Well, S K Nemaha bought Longfellow out last year. Since then, sometimes we get our checks in 4 weeks, sometimes in 6 weeks and they have gone down significantly since S K acquired them. Now the checks have stopped and the last check was pretty descent. I understand horizontal wells do not last a long time and I also understand the reason to cut back on production, but just to stop? Wondering if any body could advise me, I know this question has been answered before probably, but I’m still lost on this stuff.
Also, if anybody could give me an idea on what mineral rights are selling for or if they are in that area? We own 160 acres. We live in Texas, so its hard for me to ask around about these questions.
Thank you in advance for any info.