Guess I'll just sit on my family's oil and gas leases in West Texas and New Mexico. Our paternal great-grandfather, in his infinite wisdom, kept the mineral rights to every ranch he ever sold out there. Landmen come a-calling often, but seldom give us a reasonable price for exploration leases, so.... they sit idle. Fortunately my brother lives in TX and can negotiate all this stuff for us - I just collect my share when we get a "bite".... last contract garnered me about $5K.
When we first married after leaving the USAF, we lived in an apartment very close to Permian High School. They had just finished a $26M football field (think Friday Night Lights), and there was big $$ to be made in the area.
Guess I'll just sit on my family's oil and gas leases in West Texas and New Mexico. Our paternal great-grandfather, in his infinite wisdom, kept the mineral rights to every ranch he ever sold out there. Landmen come a-calling often, but seldom give us a reasonable price for exploration leases, so.... they sit idle. Fortunately my brother lives in TX and can negotiate all this stuff for us - I just collect my share when we get a "bite".... last contract garnered me about $5K.
When we first married after leaving the USAF, we lived in an apartment very close to Permian High School. They had just finished a $26M football field (think Friday Night Lights), and there was big $$ to be made in the area.