I am looking for a little advice. I live in east Fort Worth, Tx (Tarrant County). Dale Resources has drilled a well and they are producing from it. I just never signed a lease. I have about 1/3 acre and just figured the few hundred dollars signing bonus and a few dollars in royalties every month wasn't really worth it to me. I was also under the assumption that if they began producing and I hadn't signed a lease, then they would pretty much have to pay me 100% minus the cost of production. I am likely way off base on that assumption but the following link is what led me to believe that something along those lines might be correct.
Well, now they are contacting us a couple of times every week about signing a lease. I think the last time they talked to my wife, they offered $2K (I assume that was per acre) and 25% royalties. They also said something along the lines of "If that isn't good enough, just tell us what you want."
I really don't care about an extra $50/mo from royalties. I would probably rather keep my mineral rights if that's all they will pay for them.
What should I do here? Just sign and take whatever they are willing to give? Can I ask for more?Am I being unreasonable? They are my mineral rights and I don't feel like I should be forced to lease them, but they sure are being insistent. Any thoughts would be appreciated. Thanks.