rrlund- sounds like you are in the same boat I was in two months ago. For years, strangers kept knocking on my door wanting to lease my oil/gas rights. Since I always answer my door with shotgun in hand they seemed quite perplexed. I informed them to leave my property. Then I started having neighbors showing up with the speculators trying to get me to lease. The neighbors were only looking for 'Bird dog' fees.
One day, the owner/drilling rig showed up. He showed me the half page contract for a one year lease. I read it, signed it, got the check and cashed it.
My neighbors thought they were getting a better deal by signing a contract for less money and less percentage of royalty. But, they signed for 5 or 10 year lease.
The way I see it is...Each neighbor signed with a different operator. My contract says the lease can't be sold(it is only a one year lease). I'm square dab in the middle of a few thousand acres of pretty good land.
So, if anyone wants to drill, the neighbors have signed off for 5 to 10 year leases, while I retain the right to renegotiate the prices after my one year lease is up.
So, my guess is...there won't be any drilling around here.
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Today's Featured Article - Hydraulics - Cylinder Anatomy - by Curtis von Fange. Let�s make one more addition to our series on hydraulics. I�ve noticed a few questions in the comment section that could pertain to hydraulic cylinders so I thought we could take a short look at this real workhorse of the circuit. Cylinders are the reason for the hydraulic circuit. They take the fluid power delivered from the pump and magically change it into mechanical power. There are many types of cylinders that one might run across on a farm scenario. Each one could take a chapter in
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