In today’s computerized world, grifters are constantly finding new ways to exploit lucrative opportunities. As an example, internet fraud is a billion-dollar business. Currently, cryptocurrency is experiencing a spike in fraud, and the FBI released a report on the rise in the topic.
And now, with the emergence of AI, fraudsters are already getting creative about exploiting and bamboozling the public. And while new technologies are steaming ahead, legislators are trying to keep up with all the new ways to steal someone else’s wealth. As you’ve heard, the ‘wheels of justice turn slowly,’ and there will be some unfortunate people who fall through the cracks. This means certain unfair practices will be considered ‘legal’ until they are not.
And this is why there are so many lawyers involved in the oil and gas rights industry. Everyone wants a piece of the ‘black gold.’ Even if you don’t think what you own is worth going after, every little drop counts.
And today, the practice of horizontal drilling is at the center of litigation. Large drillers can drill multiple wells from a single pad. The drilling doesn’t just extract resources from its location but can pull oil and gas resources from miles away to your mineral rights land! The drillers are not grifters; they are completely within their rights to do this. Although the law is changing, it’s still legal in many states, including Arkansas and Louisiana. And if you are being impacted, there may be very little you can do until the law allows you to.
If inherited mineral rights are confusing you, maybe it’s time to sell
Ownership in the oil and gas industry is already extremely complex. And when your land is losing value due to an issue such as horizontal drilling, it can become even more confusing. The money to hire a lawyer and try to save your assets may cost more in the long run. Depending upon the current state and federal laws around horizontal drilling, your efforts may be a real struggle. And if you are not ready to manage the fight, putting up the white flag and getting out now might be the best option.
We are not suggesting everyone give up; some folks are passionate about their investments in the industry and are ready to stay in. What we are saying is people who don’t have the time to address the continued depletion of their royalty checks should consider it’s time to sell gas rights. If you inherited mineral rights, maybe your loved one couldn’t predict how new technology would take it in a precarious direction for you. They might have believed they were setting you up for financial stability.
If you can’t manage the fight it’s going to take to protect your oil and gas resources, sell gas rights, and find an investment you are comfortable with managing. Our team will make a fair offer for the market value of your rights today.