I have 8 siblings, each of us inherited 12.5% ownership of our parent's mineral rights estate on a 200 acre tract of land. The surface is owned by a nonrelated party.
3 of my siblings have signed a mineral lease with energy company #1, for their percentage of ownership (37.5%). Thier lease gives energy company #1egress/ingress to the property.
The remaining siblings have not signed a lease.
1. Can the energy company #1 drill without having 100% of the mineral estate ownership leased to them?
2. If the remaining 5 siblings sign a lease with energy company #2, which includes a surface waiver to the current surface owner, restricting the energy company #2 from drilling on the surface of the property. How will this affect the first 3 siblings and the lease with energy company #1?
Thanks in advance.