Petro drilling near my neighborhood, need advice

[Grant H.]

When crude is 27.00 a barrel, the wells are not in production. Now when crude is at 140.00 a barrel, those wells never stop producing unless maintenance is needed. Right meow, the wells are not in production.

That might be the case in ND, although the producers I work with up there are still running wells, but here in CO, they have to produce from them with some frequency, or they have to P&A the well, by State law. Every O&G customer I have here in CO is running most of their wells.

Even though many of the producers cannot make money at $27/bbl, they are still running their wells simply to service the debt that is carried by the company.

To the OP:

You can try to negotiate, and should (O&G companies are in the business to make money, not just hand it out for free), but don't expect numbers like some have mentioned in here. The O&G market absolutely sucks currently.

Cheap gas/diesel sucks.

[screagle2]

I have no idea if I own the mineral rights. Not even sure where to find out if I do?

Easy, your closing papers will have spelled all of this out. Their will be a title insurance policy issued on the property.
if they didn't own the minerals, they most likely wouldn't contact you. You can choose not to sign, but that doesn't necessarily stop the exploration.

[Wulf202]

There must be a renewed speculation after opec. Getting offers again