Growing up in Alabama I heard about oil rich relatives in Mississippi who left mineral rights as an inheritance to our grandmother. Every few years my Dad would talk about getting a letter from an oil company seeking to lease the mineral rights or a natural gas company wanting to drill on the land where our family retained the mineral rights. The total amount of money my Dad received was a few hundred dollars for granting those rights. My Dad was always hopeful that they'd strike a productive vein of oil or gas and then we'd be like the Beverly Hillbillies.
There is a new process called FRACKING that drills deeper than the traditional straight down till you strike an oil pocket. Fracking's environmental effects are not known yet. I receive a letter from a representative of an oil company seeking rights to drill using the Fracking method across the land we own in Mississippi. They are highly confident that they will hit oil.
Our land is in Clark County Mississippi sitting between two productive oil fields. The Company is 99.9% certain they will have a productive oil well in 2 years. If so, then for the next 30 years I will receive a monthly stipend. Not much, no going to Beverly Hills but it will pay for chicken feed.
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