My family has leased our property in DeSoto Parish to Bridas Energy and we have
been receiving checks for the two wells on our property for a few years.
Recently we were contacted by someone to lease our acreage
for $500 an acre with 25% royalty. They want permission to go deeper
than our current lease allows.
Two questions: Is this a good offer? And can you lease your
property to another energy company, even though Bridas
holds the current lease?