The aunts were willed the mineral rights and did a lease back in 2012 with Lumberjack. The lease expired. Two aunts became terminal and the remaining aunts did not get into a new lease since they were dealing with their sisters and the previous lease was for 700 an acre.
Since then the aunts have given their MRs to my wife and sister-in-law.
Parsley has contacted us after a year plus and have told us:
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They are not responsible for back pay
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No lease can be done since production has begun
The only option they have given us we can be unleased mineral owners and start receiving payments starting after we sign the paperwork.
My question is:
Are they correct giving us the one option.
Thanks