I live in Greeley and have received 3 letters in the past month. One wanting me to lease with Mineral Resources for my right under my house. Also have received two more letters about wells being proposed. Being new to all this, I find it a little confusing. My house is one less than a quarter of an acre. And, do these other letters asking me if I would like to lease my interest in wells being proposed mean I would have royalty rights in these wells even if the don't get anything under my property? Thanks much for any advice.
Mineral Resources, Inc. appears to be taking leases and attempting to drill near the town of Greeley via horizontal drilling as I understand it. Many folks within the town limits appear to own all or a portion of their oil, gas, and mineral rights under their residential homes and as such may have the opportunity to:
1. Lease their interest;
2. Sell their interest to Mineral Resources;
3. Participate in the well as a consenting owner; or
4. Likely be deemed non-consenting through same later process with COGCC.
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