No, my interest wasn't pooled, it's just that the entire town is in a pool, we all still have our own interests and not everyone has the same size property.
There is to be 4 wells and it will be split according to the size of your propery
I don't intend to get into an argument with Sammie Jo since she already has her mind made up, but for others' benefit you should understand that not every well comes in like a barnburner. This is a risky business. Also there is no guarantee that the price of oil will not go down, most prognosticators are predicting that it will, FWIW.
I evaluate oil and gas interests for a living and I can tell you that there is no simple answer that will fit for everybody. Every area, every play, every operator, every well is different.
If you don't need the money and want to "let it ride" then don't sell and hang on for the big score - or not. If you could use the money, consider selling. Or compromise and sell half.
If you truly want an informed opinion, hire a professional - don't take your advice from anonymous people on the internet.
The only thing I already have my mind made up is that I am not selling my mineral rights. I have no idea where you are coming from with your analysis, and why you would think there would be an argument. It seems to me, that you are trying to start one.
If I needed the money, I'm still not going to sell out for little more than $3grand and give up the possibility of more down the road. I don't care if I never see a dime off of it, I'm still not selling my rights.
I was not trying to change anyone's mind or give advice, I was merely talking about my experience. I certainly hope you evaluate oil and gas interests much better than you evaluate a conversation.
That's right people, don't take your advice from anonymous people on the internet, even if those people claim to know what they're talking about, like Steve.
Steve Durrett said:
I don't intend to get into an argument with Sammie Jo since she already has her mind made up, but for others' benefit you should understand that not every well comes in like a barnburner. This is a risky business. Also there is no guarantee that the price of oil will not go down, most prognosticators are predicting hat it will, FWIW.
I evaluate oil and gas interests for a living and I can tell you that there is no simple answer that will fit for everybody. Every area, every play, every operator, every well is different. If you don't need the money and want to "let it ride" then don't sell and hang on for the big score - or not. If you could use the money, consider selling. Or compromise and sell half.
If you truly want an informed opinion, hire a professional - don't take your advice from anonymous people on the internet.