They do not have to be contacted for negotiation, unless you have received a royalty check from the company that currently holds your lease, they have no control over the property once current lease expires.The only exception to that requiring re-negotiation is if you have received a royalty check and cashed it then my understanding is your lease automatically renews with the company that currently holds your lease. Drilling does not mean pumping. FYI the average royalty check in a sub-division with property sizes comparable to ours is $27-$30 a quarter. Nobody is going to get rich here, and no Company has followed through with their commitments to our HOA. I'm ready for the trucks and the noise to be gone, not to mention the dirt and dust. I would rather my property values remain than to have $10 a month.
