We received a 3yr lease offer, $100 bonus, 1/6 royalty for our .1148 gross acres. Turns out they already have 4 wells pumping for 2 years and somehow forgot about us. I want to have OMG attorney look things over but not sure if it is worth the money. So far, PDC (via Lonetree energy) can't tell us what the lease might be worth.
We are in T4 North, R 67 West, 6th PM Section 9. We just have a house on a small lot.
I can't decide if it is worth the cost of legal review or not. Any thoughts VERY much appreciated!
My email is PTOVAAS@TTCORP.US if you'd like to contact directly.