I'm glad to see a forum was formed specific to Lavaca County. I have property located right out side Halletsville on the Yoakum highway (77). This past September I agreed to an 80 day option lease. My understanding of this aggreement was that the exploration group would use this 80 days to explore my property and come back with a plan to proceed. I own all the mineral rights, the agreed leasing term was $1,525/net mineral acre, with a 23% royalty. To date I have not heard anything from anyone. I've heard of so much activity in our area so it is puzzling why they have not come back to me.
1. Does this mean they are not interested?
2. Should I try contacting them?
3. Should I try and contact other landmen?
I'd appreciate all feedback.