What if you decide not to lease with anyone and you hold a small amount of acreage in a section. What is the procedure and what are the advantages or disadvantages?
I would think the major advantage would be you have a very good chance to make more money off of your land in the long run.
Disadvantage would be it will take longer for you to get your money, and it sounds like some people are saying the O&G companies will try and to stick it to land owners who do this.