I own NPRI in Texas and get offer letters. Many times they refer to the lease name, and don't even have a land description except the county name.
This doesn't make sense to me, because generally MI/RI are not limited to the current lease.
In particular, in some cases the lease referred to cover a smaller portion of the land than the RI covers.
Are they really only interested in that portion of land and that lease?
In my case the future potential of the land covered by my RI is of much greater value than my proportion of the current well's production.
It also makes it unclear what they think they are making an offer on. MI? RI? land description?
Thanks for any insight.