About Experts Sitemap - Group 38 - Page 49 2015-01-20

Oil/Gas: mineral/gas rights, legal heirs, undivided interest
legal heirs, undivided interest, mineral rights: Without reviewing the Will of your father s, I cannot tell you what rights the heirs have, insofar as selling the property. However, I do believe that the heirs who want to sell can sell their undivided interest in the property. If you would like for...

Oil/Gas: mineral rights, colorado township, gas co2
colorado township, gas co2, undivided interest: Yes, I believe if your interest is .055556, it would be worth your time to look into this ownership. You can contact a local oil and gas attorney to research this for you. You own your interest independently of the other family members, so you can act...

Oil/Gas: mineral rights (inherited), apache corp, gaston sc
apache corp, gaston sc, southwest quarter: In 1982 Apache Corp. drilled a 23,300 well in the NW/4 of that section and plugged the well in 1990. It s the only well thats been drilled for miles around. there were some leases taken in the section in 2005 and 2006, but they are all expired. I have no...

Oil/Gas: net revenue interest/working interest, interest owner, loes
interest owner, loes, royalty: Yes, in order to determine your Net Revenue Interest, as a Working Interest Owner, you must net out the lease royalty. Based on your information above, if your WI is .08 and the lease royalty burden is .24 then your net revenue interest is: .08 x .76 = .0608...

Oil/Gas: OIL & GAS WELL IN WYOMING, petroleum engineer, pump operator
petroleum engineer, pump operator, risky venture: It would appear by your question that the well was still in the completion and testing phase of operations. There is the possibility the operator could re-frac the well or put the well on pump, which would entail the installation of a pumping unit and...

Oil/Gas: Oil and Gas in Coal County OK, selling, minerals
selling, minerals, snakes: Whitney, to find out if the price offered is reasonable ; get offers from SEVERAL unaffiliated buyers before agreeing to sell. I can help with that if needed (see below.)The reasonableness of the offer also depends on whether the $1000 offer was for ALL...

Oil/Gas: Oil and Gas lease involving minors, straight forward procedure, gas lease
straight forward procedure, gas lease, tarrant co: I understand your reasoning and until now you haven t had a reason to have yourself appointed guardian of your natural minor child. It should be a fairly straight forward procedure of a motion filed to have you appointed as guardian and an order signed by...

Oil/Gas: Oil, Gas & Mineral Lease on property, global economic crisis, southeast fort worth
global economic crisis, southeast fort worth, drastic drop: Save all of your correspondence and try to get a tape reording of the landman telling you what they were going to do. It s not enough money to sue them over, but you could and win. But, document this as much as possible because they are pooling in bad faith...

Oil/Gas: Oil, Gas & Mineral Lease State MS, acre lease, mineral acres
acre lease, mineral acres, bonus 4: (1) a little more than a half acre. (2) It must be their minimum payment as your bonus would equal $88.69 at (3) $175 per net mineral acre lease bonus. (4) Three sixteenths (3/16) is a fraction of a whole. If the whole is small, the fraction will be small....

Oil/Gas: oil and gas lease, opionion, two wells
opionion, two wells, investment income: Dear Gayle As I read your question, your parents bought working interests in two wells. Or did they sign leases on property they owned? In the case of purchased working interests, they would receive return on investment income after expenses. If they signed...

Oil/Gas: oil and gas lease, gary manley, amy lewis
gary manley, amy lewis, gas lease: Oh Mr. Manley, Please do not stress, I will help you, I promise. If you can call my office and speak with Amy Lewis and give her ANY information you have, such as: 1) how did you acquire your interest, through what transaction, about what year, etc. This...

Oil/Gas: Pay rights - Grandfather's 'mystery' Mineral Rights, mr mcconnell, time william
mr mcconnell, time william, mineral rights: why don t you call an attorney in the county in which the minerals are situated and ask them how you could accomplish the task. You haven t given me enough information to make any kind of answer, such as is your father deceased, if so did he die intestate...

Oil/Gas: Pipeline lease, crude oil pipeline, texas refineries
crude oil pipeline, texas refineries, safety brochures: You bought the land subject to a right-of-way agreement, which is a covenant running with the land until such time as it expires by its own terms, which is usually the termination of use of the pipeline for a specified period of time. You have no direct relationship...

Oil/Gas: Pontotoc County Activity, oklahoma corporation commission, uncle shirley
oklahoma corporation commission, uncle shirley, production drilling: Shirley, only about 20 of the 80 or so wells drilled in Pontotoc County, OK since the year 2000 are still producing. Most of that, and other current production in the county is along the northern border, and the rest is mostly SW of the town of Stonewall...

Oil/Gas: Prescriptive Servitude, prescriptive period, acre tract
prescriptive period, acre tract, dry hole: Based on the information you have provided - and without any independent research on it myself, the 31 acres, which was in a producing unit up until 2002, does not expire until 2012; i.e., 10-years after the date it ceased to produce. The 17-acre tract...

Oil/Gas: Pugh Clause, acreage, interval
acreage, interval, good luck: Yes sir, in order for the deep rights to be released from a lease, where the shallow rights are producing, there must be a pugh clause. This pugh clause will probably be inserted within the lease, on an Exhibit page to the lease. It will be identified as...

Oil/Gas: pugh clause, amy lewis, gas co
amy lewis, gas co, oil gas: A Pugh Clause is not exactly as you have set out. A Pugh Clause provides that any lands, not included within a Producing Unit, at the time the primary term of the lease expires, becomes open . Please call my office and speak with Amy Lewis, (318) 219-2464...

Oil/Gas: Royalty Interest, salt water disposal, royalty interest
salt water disposal, royalty interest, cash flow issues: If you have not received any royalty payments and the production does not hold the lease, I would be very skeptical on executing an Extension of the OGL. I would be happy to look into this company for you and handle it. If you would like - fax me over...

Oil/Gas: Royalty Purchase, royalty company, desoto parish
royalty company, desoto parish, acre tract: Lisa, I can tell by your question that you do not know what you have in the way of an offer. You say you have a letter from a royalty company and then you state they want a lease. See an attorney and have him explain it to you or fax it to me 713-524-3153...

Oil/Gas: Sale mineral rights in Washita county, Oklahoma., washita county oklahoma, mineral rights
washita county oklahoma, mineral rights, duffey: I can possibly find a buyer for your minerals - please provide me with the legal description of the property, and if it is leased, a copy of the lease. Another question is, are the minerals producing? You can fax me all the information to: 318-219-2466,...

Oil/Gas: saleing mineral rights, fannin county tx, mineral rights
fannin county tx, mineral rights, property description: Sir, I am unsure at this time, but I can do some research and find out. If you would like for me to find you any buyers, please fax the property description to me, and any details that you have about it such as: 1) Is it leased, and to whom? 2) What...

Oil/Gas: Taxes on oil royalties, percentage depletion allowance, gross royalties
percentage depletion allowance, gross royalties, oil royalties: Kay, royalties on the federal level are taxed as regular income; however, there is (for now anyway) a depletion allowance that can be deducted from the gross royalties. The percentage depletion allowance has been in the federal tax code since the 1920...

Oil/Gas: Texas Division Orders, Texas, Division Order
Texas, Division Order: Dawn, A good article on Texas minerals, surface rights, and royalty payments (includes division orders) can be found at: http://recenter.tamu.edu/pdf/840.pdf ...and I think the article will answer your questions very well. The article was written...

Oil/Gas: Verbal contract, union county arkansas, land evidence
union county arkansas, land evidence, verbal contract: Dear Bill: Your question is whether a contract was actually formed under the law of Arkansas (or elsewhere). Here are some thoughts in general--not Arkansas law. 1.a contract requires a promise for a promise with consideration. If consideration ($)was...

Oil/Gas: Waiver of Surface Rights, novice research, mr mcconnell
novice research, mr mcconnell, surface rights: If you can get the restrictions in the deed where the seller agrees to lease the lands for oil & gas subject to limiting the use of the surface to only those places approved by the surface owner, such approval no to be unreasonably withheld, it should suffice....

Oil/Gas: Working Interest vs Share of Lease Charges, royalty owner, bookkeeping department
royalty owner, bookkeeping department, royalty owners: You are a working interest owner which means you pay your part of the bills and your part of the royalty. You own a working interest of 7.5% which means you pay the bills for 7.5% and the .9375% royalty which leave you with a 6.5625% net revenue interest....

Oil/Gas: Arlington, Tx gas lease, central arlington, gas lease
central arlington, gas lease, arlington property: The landman is telling you the truth. You should have made the landman aware of the problem when the big offer was on the table. they could have helped your family work around it, as that is a common problem. I would imagine that Carrizo is the only game...

Oil/Gas: Conservation Commission Units, surface acreage, haynesville
surface acreage, haynesville, revenue adjustments: What has been the case here in regard to the Haynesville units, is that the units are set up before the wells are drilled. Since the Haynesville Shale is a blanket formation , meaning it is not only in certain spots , but blankets the whole parish, chances...

Oil/Gas: Depth Clause after lease expiration, desoto parish, royalty interests
desoto parish, royalty interests, lease expiration: yes, according to the facts you have set out above, your rights, 100 below the deepest depth drilled, would be unleased , at the end of the primary term. It would be necessary for me to read the entire language contained in your lease, and then review...

Oil/Gas: Division Order, meridian, convergence
meridian, convergence: David, a Township consists of 36 sections of land. Your section 5 is in Township 8N-9W. Section 5 is on the northern boundary of that township. Sections of land on the northern and western sides of townships will never be exactly 640 acres square. This can...

Oil/Gas: drilling mud, drilling mud, mud systems
drilling mud, mud systems, mud system: Mud systems can vary considerably and typically they get more complex as the well gets deeper. If you are asking about a water based spud mud it would probably be ok to line your tank with it; however, if it is a treated mud system then this type of mud...

Oil/Gas: Engineers are Crazy, cruve, lift valve
cruve, lift valve, degs: I think oil and gas wells are very complex in nature; hopefully the engineering team has evaluated all of the options available to them and chosen the completion system that will create the highest flow-rate for the amount of money and time they have invested...

Oil/Gas: Finding mineral Rights in W.V., monies in suspense
monies in suspense: You will have to have someone qualified to examine the mineral title to the property in order to ascertain if you remain the current owner of the mineral rights. You can either contact a title abstract company or a title attorney who can research this...

Oil/Gas: leasing mineral rights in colorado, weld county, mineral rights
Oil/Gas: leasing mineral rights in colorado, weld county, mineral rights, oil company

Oil/Gas: Royalty related to unmarketed gas of nonoperator, interest owner, chesapeake
Oil/Gas: Royalty related to unmarketed gas of nonoperator, interest owner, chesapeake

Oil/Gas: Uintah Co, Utah offer, mineral rights, sure what kind
Oil/Gas: Uintah Co, Utah offer, mineral rights, sure what kind, tops

Oil/Gas: Gas Revenue Sharing, different mineral and surface ownership
different mineral and surface ownership: Absolutely. The Transfer Deed should stipulate that the parties desire for the minerals to remain undivided and further, state that the ownership is owned, 50% by _______________ and 50% by ______________. Also, in your Transfer Deed, you must Reserve...

Oil/Gas: Gas Well Division Orders-Do's & Dont's, division order, royalty payments
division order, royalty payments: A division order merely states the decimal interest in the oil or gas unit, and does not provide if the interest is not subject to certain deductions. The Oil, Gas & Mineral Lease provides the language as to what deductions are or are not allowed. When...

Oil/Gas: grady& comanche co. ok, comanche co, drilling activity
comanche co, drilling activity, computor: Beverly, though they have all been drilled in the past; 9-4N-8W has had no recent drilling activity; nor has 27-4N-9W. There is no current production in either section. Section 10-3N-10W has had no recent drilling activity either, though the section does...

Oil/Gas: Heirship forms, de soto parish louisiana, affidavit of death
de soto parish louisiana, affidavit of death, births deaths and marriages: The purpose of the affidavit is to set out the heirs of a person that died intestate. If the said person died with a will a Succession or probate would be necessary to put the will into effect. You need someone with a knowledge of the death, heirship...

Oil/Gas: How to Lease Mineral RIghts?, grantor grantee, xto energy
grantor grantee, xto energy, xto: C.J. To find out for sure whether you own the minerals or not, you d need to check the county courthouse and search the records. If you determine that the person who sold the property to you owned the mineral rights at the time of the sale, and the deed to...

Oil/Gas: leasing mineral rights in colorado, weld county colorado, royalty rate
weld county colorado, royalty rate, mineral interests: Petro Canada, which was bought by Noble Drilling on Jan 5, 2010 has a well permitted in section 26 and 2 wells permitted in section 21 which are close to you. I suggest you wait until they come to you and then ask for $200 and 25% royalty and wait until you...

Oil/Gas: letter from R. A. (Cash) Petty, professional landman, professional landmen
professional landman, professional landmen, aapl: Nancy, sorry for the delay in answering, I ve been out-of-town for a few days at a conference. I checked my AAPL list, and there is a Randall A. Petty listed as a member of the Association. If you d like to confirm this with the AAPL you can probably just...

Oil/Gas: Mineral Rights N.D, dry holes, dry hole
dry holes, dry hole, dunn county: If only one dry hole has been encountered then this is not necessarily true; sometimes you can move over only a short distance and make a well. However, if multiple dry holes are drilled in an area, then that is a sign that there is a very small chance that...

Oil/Gas: Mineral & Royalty Deed, monies in suspense
monies in suspense: The question I have is, why are the monies being held in suspense and not being paid to your mother? Did they have the incorrect address and they were being returned? Had she been receiving them previously and then for some reason they stopped? If you...

Oil/Gas: Mineral rights, mississippi attorney, mineral owner
mississippi attorney, mineral owner, surface owner: Dear Nate: First there may be specific laws in Mississippi which require input from the surface owner in a new lease situation. If not, the mineral owner generally deals with the company land department. The oil company generally is familiar with real property...

Oil/Gas: mineral deed assignments/caddo parish, la, mineral deed, prescriptive period
mineral deed, prescriptive period, surface ownership: Louisiana law provides for the minerals to revert to the surface owner after ten years, unless there are drilling operations which interrupt this ten year prescriptive period. The way you set out your ownership, the interest was acquired through a mineral...

Oil/Gas: neighbors oil well, royalty payments
royalty payments: I would advise you to contact the Oil & Gas Commissioner s office for the State of Kentucky - to determine what the unit is for these wells - you will need to provide them with the section, township and range of your property - and then they should be able...

Oil/Gas: Oil & Gas Lease Offer, Lease, Oklahoma
Lease, Oklahoma: William, Usually, as you may already know the first lease offer you get from a company is often not the highest or best they’re willing to give, especially if you own 80 acres of minerals in their proposed unit. That said, these days companies are not as much...

Oil/Gas: Oil and mineral lease, oklahoma corporation commission, oklahoma tax commission
oklahoma corporation commission, oklahoma tax commission, coal county: The Oklahoma Corporation Commission has a free website that will list production from any well in Oklahoma once it s reported. In addition you could contact the Oklahoma Tax Commission, sign an affidavit, and ask them to send you the production information;...

Oil/Gas: my oil and gas lease, mineral rights, oil and gas
mineral rights, oil and gas, assessor office: I am not able to answer this question because I am not familiar with the laws of your county and state. Please contact your county s tax assessor office and inquire. As to whether oil or gas will be found , there is no way for me to advise you on this....

Oil/Gas: oil wells, exploratory activities, confidential status
exploratory activities, confidential status, petroleum industry: First they have to determine if oil is even there, and then they have to determine if they can get it out of the ground, and if both of these are true, they will complete (and probably frac) the well and attempt to extract the hydrocarbons from the reservoir....

Oil/Gas: old gas oil lease, gas attorneys, oil and gas commission
gas attorneys, oil and gas commission, gas oil: The State of W. Virginia has an Oil and Gas Commission. You can check with them to find out about the production on the wells. As for the problems with your minor child not receiving the revenue, it sounds like you are on the right track in presuming...

Oil/Gas: Production Payment Burden, mineral lease, oil and gas company
mineral lease, oil and gas company, lease terms: If you agree to these terms then sign and return the order; otherwise, you need to re-negotiate your lease terms (see web link below). http://www.tlma.org/oilgasleasechecklist.pdf You can also send a certified letter to the company asking for this information...

Oil/Gas: Pugh Clause, shell oil co, crowley louisiana
shell oil co, crowley louisiana, louisiana supreme court: There are many issues that have not been presented due to the amount of time needed to truly understand their complexities but I will attempt to give you some information and a better understanding of the Pugh Clause . The “Pugh clause” is named...

Oil/Gas: Ratification of Oil and Gas Lease w/Separate Track Clause, royalty interest, gas contracts
royalty interest, gas contracts, gas lease: Monica, A ratification simply confirms a lease, but does not necessarily mean the person ratifying actually owns the minerals covered by the lease. Usually the person ratifying is a concurrent owner of the minerals, but not always. Sometimes ratifications...

Oil/Gas: Recording of Extension of OGL, depository bank, lessor
depository bank, lessor, affidavit: There is no requirement to record anything but the lease. If the lease provides for an extension by automatically paying an extension bonus of $xxx, which will extend the lease for and additionnal 2 or 3 years, the lease is sufficienr notice. You would need...

Oil/Gas: Residential Gas Line from a Oil & Gas Well, oil field supply, hubbard township
oil field supply, hubbard township, apples to apples: Dear Bill: Well, the folks who drilled the well usually are in a position to hook up a house gas supply, but here are two oil field supply companies: Ken Miller Supply, Wooster 330-264-9146 McJunkin Appalachian Supply, 614-854-4214 (Renoldsburg) they...

Oil/Gas: Royalty related to unmarketed gas of nonoperator, royalty owner, royalty payments
royalty owner, royalty payments, strange things: Why don t you send Chesapeake a certified letter, giving them thirty days to pay you all that is due and owing within 30 days. Don t elaborate as to the reasons. Consult an attorney about this and bring a copy of your letter with you. Chesapeake has been...

Oil/Gas: royalty and mineral interests, chancery clerk, royalty interests
chancery clerk, royalty interests, royalty interest: You should contact the Operator of any of the wells currently producing and provide them with a copy of the Judgment that was rendered in your father s succession, immediately. As a precautionary measure, I would put all this in writing - and send this letter...

Oil/Gas: seismic testing, geokinetics, dear tony
geokinetics, dear tony, mineral rights: Dear Tony: The lease offers run from very low to very high depending on the quality of the drilling prospect and other factors. As to seismic testing-- 1. If seismic testing is proposed it means the company really wants to know what s down there and precisely...

Oil/Gas: Taxation of severed mineral rights in Mississippi, raw land development, severance tax
raw land development, severance tax, surface rights: Dear Joe: I do not know--try asking the question again. Generally, severed interests are not taxed unless they are producing, then there is production tax (severance tax. Taxes are collected on real property by the county and sometimes the state. Property...

Oil/Gas: TOP LEASE FOR GAS/OIL, burleson texas, negotiating power
burleson texas, negotiating power, railroad commission: This depends on how much negotiating power you have and it is directly related to the size of your land and the activity level in your area (among other things). It is also related to the success rate of the wells in your area. Ask around at your local...

Oil/Gas: Transfer of mineral interest, Ancillary
Ancillary: Diane, sorry for the delay...been out-of-town at a conference. It is my belief that you should have the estate probated in OKLAHOMA in order to LEGALLY transfer the title successfully. Title standards in Oklahoma actually require formal ancillary probate for...

Oil/Gas: transfer of heirship, affidavit of heirship, affidavit of death
affidavit of heirship, affidavit of death, mineral deed: Cindy, you really should (if you haven t already) ask the company EXACTLY what kind of conveyance they need to see in order to convince them that you and your sisters now own your mother s interest. Alternatively, you could ask an attorney the same question....

Oil/Gas: Uintah Co, Utah offer, uintah county utah, landowners
uintah county utah, landowners, royalty: I am not sure what the market is in this area. I would contact some of the adjacent landowners and find out what they have been offered. As a rule, I would not accept their first offer though, I would counter with a higher amount, for example: $125/acre...

Oil/Gas: Well Spacing, acre tract, lease line
acre tract, lease line, foot depth: In the field order for the particular field this well is located in there are regulations which set out how close to the lease line a well can be located. I am not sure what this field sets out. At 7,500 ft., I believe one would encounter the Hosston...

Oil/Gas: water well, making water, regulatory authorities
making water, regulatory authorities, water wells: Question #1: The idea sounds good, but this procedure would have to be included in the well permit, and oil companies are not interested in making water wells, so it is very unlikely that they would include this procedure in their permit application. In...

Oil/Gas: Blaine County, OK Lease Renewal Offer, chesapeake energy, blaine county
chesapeake energy, blaine county, lease renewal: Jim, Chesapeake just completed the Mark #1 well in Section 2 last December. They also have drilled and completed as producing wells several others in that same section, and other sections surrounding your section 4 since 2006. There are also older wells that...

Oil/Gas: where to begin, oil and gas development
oil and gas development: You do not indicate what state you reside in, nor how many acres this tract is comprised of. Unless you want to spend the money to drill the well yourself, you must rely on an Oil and Gas Operator to have interest in developing it themselves. You could...

Oil/Gas: Division Order Amendment, transfer of ownership
transfer of ownership: Hard to believe that no company has a clue . This is actually an easy situation to fix. Have you conducted Probate Proceedings on your father s estate? If so, you would merely need to obtain a certified copy of the Judgment of Possession filed in his...

Oil/Gas: estimating FMV of non-producing rights, having an appraisal, rules of thumb
having an appraisal, rules of thumb, rule of thumb: Dear Tony-- Short of having an appraisal done, is there a way to?------ No, basically because you have no sense of the market , but if itis just a few acres, it probably makes no real difference. There is a reason why it is non-producing. Why is it...

Oil/Gas: Offer to purchase minerals, best time, minerals
Oil/Gas: Offer to purchase minerals, best time, minerals, economy

Oil/Gas: gas lease chaves county NM, chaves county nm, natural gas prices
chaves county nm, natural gas prices, engenieer: Negotiating leases is like playing poker, if you want a sure thing, take the offer on the table. If you want to take my advice and just hold out for awhile, that s fine too. You can t dribble bits of information and expect a clear answer. This is the last...

Oil/Gas: gas well fraced, robertson county texas, production enhancement
robertson county texas, production enhancement, royalty check: Only time will tell; there are many procedures available to try to increase the well s production rate (in addition to fracturing). They may try a few more procedures or they may decide to abandon the well, it all depends on the economics ($$$) involved....

Oil/Gas: Initial production, proper infrastructure, royalty payments
proper infrastructure, royalty payments, lease holders: No sir, Mike, it is not uncommon for landowners to be unaware of the status of the drilling process. Remember, as an Operator is drilling a well, the information is considered proprietary information. Once a well has been drilled and completed, then...

Oil/Gas: Land Purchase without mineral rights, buying property without mineral rights
buying property without mineral rights: A well cannot be located within so many feet of a residence in the state of Louisiana. Also, I would certainly determine from the Department of Conservation, State of Louisiana, whether a well permit has been filed for this particular section, township...

Oil/Gas: Lease Offer Carter County, OK, carter county oklahoma, royalty interest
carter county oklahoma, royalty interest, camarillo ca: Carol, don t let them rush you. They may apply for a pooling order on June 24, but it will take at least 30 days after that to be approved so June 24th is not really a deadline. You will be notified by mail of the pooling application as well. This will give...

Oil/Gas: Lease offer - Okfuskee County, lease offers
lease offers: yes, you should attempt to counter for a better offer. If you would like for me to see if some of the companies that I work with are interested in making an offer, I will be happy to do so. Please contact my office at (318) 219-2464 and speak with Holly,...

Oil/Gas: Lease Primary Term and Shut In Questions, gas lease, acre land
gas lease, acre land, couple miles: Jess, the operations must be reasonable, and not merely done to hold the lease forever. If they abuse this clause you could certainly take them to court; but they probably won t abuse it to that point. They just want to be sure that if they start a well,...

Oil/Gas: Leased Mineral Rights, pittsburg county, mud pit
pittsburg county, mud pit, frederick scott: Philip, they have technically staked a well already, so as long as they continue to move towards actually drilling it with due diligence then the current lease expiration date will be automatically extended to allow them to finish drilling the well,...

Oil/Gas: Looking for a lost abstract, custer county, co phone
custer county, co phone, mineral rights: Dear Cheryl: Not sure you got my reply. There should be a recorded copy of what ever your grandmother signed (a lease). If the lease was drilled, and there is still a well, the lease is held by production in most cases. The well and lease can be sold. ...

Oil/Gas: lease conveyance, royalty interest, mineral acres
royalty interest, mineral acres, lease document: Dale, it s likely that the currently producing wells are held by a lease document that had a depth clause in it, or some other clause limiting their access to various depths. I would assume that the current offer is for depths or formations not covered by...

Oil/Gas: lease for oil, offers to lease
offers to lease: I can check numerous reports I receive to see who is operating in the area you own property in. I will be happy to do this for you. Also, you did not mention how many net acres you own in the property. I also need this information. If you would like...

Oil/Gas: lease road rental, lease road
lease road: Your email indicates the property is heavily wooded and consequently, you should have a timber appraiser give you a value of the timber that will be destroyed - so that the company can pay you the amount of the timber in damages , along with the damages...

Oil/Gas: leasing mineral rights to the oil company, drilling firm, mineral owners
drilling firm, mineral owners, owners permission: Linda, if you want to lease your mineral rights to a company, you don t have to ask the current landowner for permission first. The landowner cannot prevent you from drilling your minerals, nor prevent you from leasing them to a company who will drill them...

Oil/Gas: Marcellus Shale Northern PA, oil gas exploration, marcellus shale
oil gas exploration, marcellus shale, estate purposes: Dear Jeff: Frankly, no one can say what it is worth that will fulfill the criteria for an appraisal. The closest is that it is the value of the lease--that is the right to drill, which is to another. I do this kind of work and can tell you this: Any...

Oil/Gas: Mineral RIghts on property originally owned, mineral deed, mineral interests
mineral deed, mineral interests, mineral rights: The controlling document is the Cash Sale Deed or Deed which transfers the surface and reserves the minerals. This Deed is filed in the County records, correct? If you furnish the Operator with a certified copy of this document, this should be all you...

Oil/Gas: Mineral Rights, grand prairie tx, mother inlaw
grand prairie tx, mother inlaw, mineral rights: Sir, I would first inquire with the realtors around your area to see if they are familiar with the mineral right values in this particular area. If there has been activity with other homeowners selling their homes recently, this should give you an idea....

Oil/Gas: Mineral Rights In La Plata County Colorado, selling minerals
selling minerals: I am not sure - if you want me to do some resarch to determine what the market value is and then, make you another offer - I will be happy to do so - However, if you wanted me to do something like this, I would need you to call my office and speak with Holly...

Oil/Gas: Mineral Rights Lease, pooling, north dakota
pooling, north dakota: Jeffrey, in areas where there is lots of competition for leases, it is not uncommon for companies to offer to top lease a current lease. To find competitive quotes you could call some of the other companies leasing in the area and ask if they d better...

Oil/Gas: Mineral rights, columbia county ar, webster parish
columbia county ar, webster parish, leasing activity: Bob, you could go to the courthouse in the county or parish where your minerals are located and look up your name in the Index book and find the conveyance that gave you the minerals. It would have the legal description. You could also check for recent leasing...

Oil/Gas: mineral rights, selling your minerals, selling minerals
selling minerals: Hello - Thank you for allowing me to assist you in your question. Minerals revert to a surface owner after ten years of non-production. However, if there has been production for 5 years and then there is no production for the following 2 years, but after...

Oil/Gas: New Homeowner, mineral lease, lessee
mineral lease, lessee, buying a house: If you had read your title policy you would have known before closing that you were buying a house subject to an oil, gas and mineral lease. As is required by the terms of the lease, you must notify the Lessee in writing of any change in ownership of the minerals....

Oil/Gas: O & G Bid Package/Lease Contract, draft, lease
draft, lease, bonus: Walter, it s very common for lessees to accept signed leases back from lessors after only a cursory check of the title. In fact, most lease offers come after only a cursory check of the title. They rarely would pay the bonus without checking more thoroughly...

Oil/Gas: Offer to purchase minerals, mineral sale fell through
mineral sale fell through: Unfortunately as the world economy is currently, this has happened over and over again in the last 6 months to both parties, those that sell and those that buy . If a sale falls through, it is a great disappointment for both parties, I am sure - but...

Oil/Gas: Oil Lease Arkansas, acre homestead, acre unit
acre homestead, acre unit, oil lease: Dear Eric: Last year I would have said it is is a low offer. Now, the prices have changed and activity dropped off. The amount per acre per year is low over 5 years. The renewal means a well might be drilled in 10 years. Also important is how many of your...

Oil/Gas: Oil Procurement, determining mineral ownership
determining mineral ownership: In answer to your question about whether you would have been contacted by an oil company if they were of the opinion that oil was located under your property - it is my opinion that you would have been sir. If there are wells in close proximity to your...

Oil/Gas: Old Gas & oil lease, value to leases
value to leases: That s a very open-ended question. Many things need to be determined: a) Are the minerals in production? If so, where is the property located? What kind of well activity surrounds the property? b) Are the minerals still owned by the family, or have...

Oil/Gas: oil and mineral rights, mineral rights, title company
mineral rights, title company, larson: Did you file a succession proceeding on your father s estate? If so, the attorney who handled the succession would be able to advise you on this. If you did not file a succession proceeding, then, you could ask a title company to run the title to this particular...

Oil/Gas: Pipeline installed under my property without my consent, louisiana coast, undivided ownership
louisiana coast, undivided ownership, newfield exploration: Sir, I am uncertain what rights you have to the production running through the pipeline. Anytime operations are conducted without the permission or agreement of the landowner, the Operator is, in my opinion, in violation of the landowner s rights. I would...

Oil/Gas: Property in Oklahoma, minerals, selling
minerals, selling, sale: Richard, I would always advise people who are selling their minerals to get MORE THAN ONE offer before agreeing to sell, especially if they are not familiar with the prices in their area. Only by getting offers from several unaffiliated buyers, can you determine...

Oil/Gas: Question concerning Oil, Natural Gas, and Mineral Rights Lease, lease in production
lease in production: Well, I m glad you started here. First, it s not clear to me and I need you to clarify something: You wrote that: Your mother gets royalty checks but your grandfather, who owns the mineral interest does not receive any royalty payments. Did your...

Oil/Gas: Ratification of Oil and Gas Lease, gas lease, recourses
gas lease, recourses, several letters: Amanda, it s not too terribly unusual these days (unfortunately) for lessees to either not pay on time, or to ask the lessor (you) to accept a lesser payment. Oil companies, especially the ones that drill in the continental U.S. these days aren t as rich...

Oil/Gas: Second thoughts about a lease signed yesterday., oil and gas exploration, contract situation
oil and gas exploration, contract situation, kind man: Dear ALAN: Generally, no. Unless there is a specific state law covering buyer s remorse , failure of consideration, an actual misrepresentation in the leasing process, something that points to a no contract situation etc. the lease is probably valid....

Oil/Gas: Specific Gravity of Diesel, hydrocarbon compounds, specific gravity of diesel
hydrocarbon compounds, specific gravity of diesel, density of water: Yes to both. Specific gravity is the ratio of density of a material to the density of water at a specified temperature. Therefore, as temps change so does sg. Moreover, diesel is a term for a variety of hydrocarbon compounds of different densities...

Oil/Gas: Surface rights only, fayette co pa, mineral owner
fayette co pa, mineral owner, dominant estate: Dave, in Oklahoma at least (where I live) though seismographic operations may aggravate the surface owner and cause occasional damage to the surface, they are considered to be a reasonable exercise of the mineral owner s easement. The mineral estate in...

Oil/Gas: Getting started, affidavit of heirship, texas railroad commission
affidavit of heirship, texas railroad commission, leasing activity: James, I would first try to determine what s going on around the property. If there s some drilling activity, or leasing activity, then it s worth paying attention to. You could take a trip to the courthouse in the county where the minerals are located and...

Oil/Gas: Texas Paid up Oil and Gas Lease, Rental, Paid up
Rental, Paid up, Texas: David, the lease is probably titled OIL, GAS, AND MINERAL LEASE or something similar. If you like you can cross out the word mineral and replace it with the words associated hydrocarbons. This would limit the lease to only to oil and gas and related...

Oil/Gas: texas oil royalty purchase procedure, transfer of minerals
transfer of minerals: then you should be able to obtain a form Conveyance of Mineral Interests where you can just fill in the proper information, which will need to be executed by the Seller before a Notary Public and two witnesses, then have the original document recorded in...

Oil/Gas: Washita Co, OK leasing, frederick scott, washita
frederick scott, washita, cmm: Margaret, I would take the $300/acre and 3/16 royalty. You may want to also contact Chesapeake, Richland Resources, Key Production Company, and Ward Petroleum if you haven t been contacted by them already. They are also leasing in the area and all have Oklahoma...

Oil/Gas: Well number limit in a minimum 40 Acre Tract, texas railroad commission, acre tract
texas railroad commission, acre tract, mineral owner: Sir, The Texas Railroad Commission is the governing authority that sets out the spacing rules for a particular zone. As a landowner or mineral owner, you should have received some type of communication which notified you how many acres the particular reservoir...

Oil/Gas: West Virginia Lease Offer, West Virginia, Lease
West Virginia, Lease: Debra, if possible, I d get together with the other heirs and negotiate as a group; perhaps choosing someone to represent you from among the heirs, or even hiring an attorney or landman to represent the group of heirs. The oil company would probably give you...

Oil/Gas: well location road and pipeline, timber damages
timber damages: In my opinion, they have breached their agreement with you. I would suggest you enlist an attorney to handle this for you immediately. Otherwise, this may not be handled as your agreement set out. There are times during the negotiation process when...

Oil/Gas: withheld royalties, rusk county texas, goodrich petroleum
rusk county texas, goodrich petroleum, treble damages: Send the company a certified letter, demanding payment within thirty days for all royalties due and owing to you. State that there are no title problems of which you are aware and if there are to send you that portion of the title opinion that sets out the...

Oil/Gas: #2 heating oil, home heating oil, cloud point
home heating oil, cloud point, degrees fahrenheit: The freezing point of oil is called the cloud point. A Definition of The Cloud Point for Home Heating Oil - No. 2 heating oil: Heating oil or diesel fuel waxing or clouding or gelling begins to occur at about -9 degC or about 16 degF. The cloud point...

Oil/Gas: 20-8N-19W Washita County, OK Production, sell, minerals
sell, minerals: Mark, there is no current production in Section 20, or any of the surrounding sections. Most of the currently producing wells in the area are to the north of your minerals by several miles. The further north (and east) you go, the more wells there are. Yours...

Oil/Gas: ACTIVITY IN PECOS COUNTY NEAR FORT STOCKTON, TEXAS, pecos county, drilling area
pecos county, drilling area, haslet texas: Click on this link http://gis2.rrc.state.tx.us/public/startit.htm Select Identify Wells from the drop-down menu on the right. Select Pecos county. Zoom into the Fort Stockton area. Click on the well of interest on the map and a new box will pop...

Oil/Gas: average price per foot on pipeline right of way, pipeline company, gas pipeline
pipeline company, gas pipeline, good luck: Dear Pat: the correct economic answer is: the fair market value. In other words, how much will they pay? how much will you sell for? If you do not know what the local price has been ( comparable sale ) then you need to figure out how much it is needed...

Oil/Gas: lease vs. easement definition, etc., eminent domain attorney, contingency basis
Oil/Gas: lease vs. easement definition, etc., eminent domain attorney, contingency basis, gas lease

Oil/Gas: How to find oil, soil conservation service, fish population
soil conservation service, fish population, oil deposit: Dear Lisa: The circumstances you describe are not likely to be indicative of a commercial oil deposit. Having said that, oil (tar) seeps have been a good place to start drilling. First you need to know what this oily substance really is; Ask the EPA,take...

Oil/Gas: force majeure, oil and gas terms
oil and gas terms: Force Majeur is defined as: an Act of God . A natural disaster or other obstacle beyond the control of the party charged with the duty to fulfill an obligation under a contract which prohibits the obligation from being fulfilled in the manner...

Oil/Gas: force majeure/covenant clauses in leases, marcellus shale, devonian age
marcellus shale, devonian age, river reservoirs: Dear Sue, Sorry I can not answer questions about New York Law nor the applicability of lease terms I have not seen. I can tell you that the Marcellus Shale (Devonian Age) overlies the Trenton and Black River reservoirs. By the way, the Marcellus is...

Oil/Gas: Garfield Co. CO Lease Offer, bonus, lease
bonus, lease: Sharon, a paid up lease means they will not have to pay any delay rentals for each year of your lease that they delay drilling a well. In the old days rental was paid each year (usually $1 per acre) on the anniversary of the lease date, if a well was...

Oil/Gas: Gas Pipeline Right Of Way, pipeline matters
pipeline matters: Sir, Your situation certainly needs to be examined. I am glad that you have taken the time to examine this matter in lieu of signing an Agreement that would close the door on your options at this time. In my opinion, you should seek an oil and gas attorney...

Oil/Gas: gas royalties, royalty revenue
royalty revenue: Below are listed the wells that have been permitted/drilled in the section, township and range you indicate above. You should contact Seeco and Lion Oil Company about your royalty revenue. API Well No Permit Operator Well Name Well Type 03-141-10568-...

Oil/Gas: gas well--new pipe, surface damages, timber appraisal
surface damages, timber appraisal, timber value: Usually, your lease has provisions in it which specify the compensation for any future surface damages resulting from using your property for their operations. If you do not have any specific provisions in your lease form, or included as a Special Provision,...

Oil/Gas: Haskell Co. OK Lease Offer, haskell co, what your neighbors
haskell co, what your neighbors, section 19: David, the best way to find out what others have received is to ask them. Their bonus info will not be recorded with the lease, and so the only way to find out is to ask really. If the section is ever force-pooled, then the bonus amounts offered in the pooling...

Oil/Gas: Horizontal Well Royalty, frederick scott, mineral rights
frederick scott, mineral rights, perforations: George, yes, you will be paid if the well has any producing perforations (production from holes in the pipe) in your section. This assumes your part of the section is within the spacing unit of the well. In Arkansas, most gas spacing is 640 acres so it s...

Oil/Gas: Are they harvesting gas from my Land?, marcellus shale, commonwealth web
marcellus shale, commonwealth web, pa commonwealth: Dear Mario--I ll try to answer some of your questions. 1. If the well was permitted as a directional well ( horizontal ), then the drilling permit would show it. 2. See Pa Commonwealth web site for offices where you could get copy of permit 3. You...

Oil/Gas: Lincoln County, OK, lincoln, oklahoma
lincoln, oklahoma, lease: Sara, I believe you are referring to a spacing order filed for Section 8 concerning Applicants CBL Resources and Glacier Petroleum. CBL thought that one well should drain 320 acres in the Section for certain formations (depths,) while Glacier had their own...

Oil/Gas: Listing of Royalty Interest owners, royalty owners
royalty owners: Unfortunately the production companies will not provide you with their royalty owners data. They would also like to buy anyone s interests for sale, so they would actually see you as a competitor. I am unaware of a public listing of royalty owners in Arkansas,...

Oil/Gas: lease vs. easement definition, etc., natural gas storage, easement definition
natural gas storage, easement definition, declaratory judgment: Dear Dick: I will give you general, non-specific information, the kind you could get from Wikipedia, not necessarily related to Ohio law or your situation. In other words I am not offering or providing you with legal advice. A lease is essentially a...

Oil/Gas: Mineral rights in Seminole county, seminole county oklahoma, 0000000
seminole county oklahoma, 0000000, approximate value: Andrew, a small gas well came in on January, 2008 in Section 12, just north of your Section 13. It produced 4600 MCF of natural gas in January of this year, and 8920 MCF in February. Not a great well, but not horrible either. It s also producing about a truckload...

Oil/Gas: Minerals, jasper tx, magnolia springs
jasper tx, magnolia springs, royalty rate: The amount can vary greatly. The best way to find out is to utilize the TX Railroad commission website (link below) to search the production rates for similar wells in that area. Once you figure out the average production rate per well, then multiply that...

Oil/Gas: natural gas royalties, gas royalties, sacramento basin
gas royalties, sacramento basin, mineral owner: It is the responsibility of the mineral owner to notify the Operator of a change in ownership. There is a statue of limitations as to how far back the Operator must go back and pay production on. This is different from state to state. You should contact...

Oil/Gas: Oil and Gas Lease, leasing land
leasing land: If you could provide me with the section, township and range of the property, or legal description, I can review the well activity and apprise you of what is going on. Is it correct that you do not have a copy of the lease? If you had a copy that would...

Oil/Gas: Oil Lease, lease offer
lease offer: I certainly would recounter their offer. 12.5% royalty is a 1/8th fraction. I would counter at 3/16ths royalty. Secondly, they are offering $100/acre - I would counter at $175/acre. You did not indicate the term of the lease; is it for 3 years or...

Oil/Gas: oil and gas lease, renegotiating lease terms
renegotiating lease terms: No sir, once you sign your lease, and they drill within the primary term of the lease (in your case, 3 years), that lease and the terms you agreed to at the time you signed it, stay in effect for as long as the well produces. There is no re-negotiating of...

Oil/Gas: oil and gas leases, gas leases, deal with the devil
gas leases, deal with the devil, nearby property: Dear JM Well, you do not say where you are located, so a specific answer is not possible. Here are some thoughts. 1. In state where there are well spacing regulations, there commonly also are mandatory pooling provisions to allow well development on...

Oil/Gas: Reservations of oil gas and mineral rights on a deed dated 1962., determining mineral owner
determining mineral owner: I am uncertain as to the Mineral Code Laws of Washington state and what the laws regarding a mineral reservation stipulate. For example, in the state of Arkansas, once minerals are reserved, they are owned in perpetuity by the reserving party; while in the...

Oil/Gas: We received an offer for a mineral lease in Seminole county Oklahoma, lease offer in Oklahoma
lease offer in Oklahoma: It appears from the amount of the bank draft that was sent to you, that you do not own 100% of the minerals underlying the 30 acre tract. Therefore, the $5.26 represents your net mineral ownership out of the 30 gross mineral acres. $125 per acre would...

Oil/Gas: Salt Water Disposal Well, salt water disposal, price negotiations
salt water disposal, price negotiations, disposal wells: The link below includes some good information related to injection wells. http://www.rrc.state.tx.us/about/faqs/saltwaterwells.php As far as the questions go, I would ask them about the anticipated volume to be pumped into the well and also about truck...

Oil/Gas: Surface Rights, mineral owner, surface rights
mineral owner, surface rights, mineral rights: dear Mike: You do not say if your land is under lease. A company taking a lease from the other 75% mineral owner usually would be able to access the surface. The actual answer to your question depends on the wording of the mineral reservations, deeds, leases...

Oil/Gas: should i sell minerals or wait for royalties?, sell, sale
sell, sale, minerals: Ashley, there have actually been about nine wells completed in section 6 over the years, though only one is currently producing, and it s not producing much. If you owned in the NW/4 of this section you d be getting a little income from it likely. It s a small...

Oil/Gas: How to value Mineral rights in Ohio, coal mines, professional analysis
coal mines, professional analysis, dear dave: Dear Dave-assuming the ownership is secure, not subject to mineral lapse statute and, assuming two wells on the property would gross $2 million, then 1/3rd of that times a 12.5% royalty would be worth a total of $82,500. over say ten years i is...

Oil/Gas: Baron Exploration wants to lease my mineral interests, royalty money, mineral acres
royalty money, mineral acres, mineral interests: Dear Emily- They are asking because they need your OK. Your acres are minor. It would have to be a terrific well for you to get much royalty money. If I were you, I d say-- well, just give me cash now and you can have a lease -- or for more...

Oil/Gas: Beckham County, OK, sell, minerals
sell, minerals, oklahoma: M.L. This is a pretty good area of the county really. Some of the biggest gas wells in recent history have been completed in the two Townships above. The Buffalo Creek 1-17 was completed in 2002 but is still, at over 200,000 MCF per month, producing more...

Oil/Gas: Buying property with mineral rights, brecksville ohio, gas lease
brecksville ohio, gas lease, buying a property: Dear Jan: There are several approaches-- 1. the Purchase agreement should specify fee simple title with no reservations 2. If current owner has a title opinion from his purchase, see if there were any reservations 3. Check Cuyahoga Co. records for chain...

Oil/Gas: Choctaw County, OK, choctaw county, oil and gas drilling
choctaw county, oil and gas drilling, gas database: Gene, Choctaw County, OK is certainly not one of the hot spots for drilling activity in the state. There is really nothing going on in most of the county, and definitely nothing going on near where your minerals are located. My estimate is that they might...

Oil/Gas: Coal County Oil and Gas Lease, sell, minerals
sell, minerals: Leslie, that bonus of $4000 is equal to about $142 per acre. I m assuming that s a 3/16 royalty? I would not lease for that amount unless they limit the depth to 5000 feet or less, which I doubt they ll want to do. I would ask for at least $500 per acre and...

Oil/Gas: Cost Overruns in drilling oil and gas wells, colorado school of mines, petroleum engineering
colorado school of mines, petroleum engineering, equipment failure: Cameron - I posted your question on the Drilling TIG at the SPE website. I ll send the responses in a follow-up within the next few days. If you are already a member of the SPE you can login and review the feedback yourself. Click on Drilling http://www.spe.org/spe-app/spe/groups/tigs/index.htm...

Oil/Gas: gas well metering, electronic flow, satellite communication
Oil/Gas: gas well metering, electronic flow, satellite communication, orifice plate

Oil/Gas: lease extension through force majeure, marcellus shale, man shortage
Oil/Gas: lease extension through force majeure, marcellus shale, man shortage, force majeure

Oil/Gas: National Royalty Data, oil royalties, yates field
Oil/Gas: National Royalty Data, oil royalties, yates field, royalty owners

Oil/Gas: Ohio Gas Lease, acre lease, natural gas prices
Oil/Gas: Ohio Gas Lease, acre lease, natural gas prices, gas prices rise

Oil/Gas: Post production costs, mineral interests, two cents
Oil/Gas: Post production costs, mineral interests, two cents

Oil/Gas: Gas compressing facility, lease contracts, contract negotiation
lease contracts, contract negotiation, reduction steps: Dear Chris: I am afraid I will not be of much help. There are libraries full of info related to your questions. Are you concerned principally with price? with safety? with looks? Price--will they pay enough so you can happily move away? if...

Oil/Gas: gas lease, royalty revenue
royalty revenue: You need to find out who the Operator of the well is and contact them regarding royalty revenue. Each state has an Oil & Gas Commission. In Texas, it is the Texas Railroad Commission; in Louisiana it is the Louisiana Department of Conservation. You...

Oil/Gas: gas well metering, differential pressure, accurate flow
differential pressure, accurate flow, frequency one: Dear Dale--this has been the traditional, useful practice for decades. It permits reading of the line pressure (and changes) with the differential pressure (gas flow) continuously With a knowledge of the plate orifice and cycle frequency, one can get useable...

Oil/Gas: Lease in Lincoln County, OK, lincoln county oklahoma, directional wells
lincoln county oklahoma, directional wells, bottom hole: Cynthia, Altex has actually received a couple of drilling permits in your section since you leased to them back in 2008. Both wells were completed recently. Depending on the unit size of these wells your minerals in the SW/4 may or may not have been included...

Oil/Gas: Lease terms, pottawatomie county, royalty rates
pottawatomie county, royalty rates, courthouse records: Patricia, I checked, and there are no other companies leasing in your immediate area currently. The leases in the good areas of the county are going for about $100 to $120 per acre currently I believe. I still think yours is worth more than $35 per acre....

Oil/Gas: Leasing, release of OGL
release of OGL: Bill, Unfortunately, an issue like this is not easily resolved. You can attempt to have your lease released, by sending a written letter, certified mail, return receipt requested, if you choose to do so; but, there is probably a caveat in the finer print...

Oil/Gas: lease extension through force majeure, marcellus shale, force majeure
marcellus shale, force majeure, generic answer: Dear Ken: First, the situation comes up rarely. 2. There is no generic answer that fits all leases in all states. 3. One needs to understand the rest of the story. 4, Basically, you are asking for a legal interpretation of lease a provision in an unknown...

Oil/Gas: Mineral Rights, leasing company, dear ryan
leasing company, dear ryan, mineral rights: Dear Ryan: Leases are filed in the Recorder s office of the county--try that. To determine if you own mineral rights will require you have the title examined by a title company or oil and gas lawyer. If there is a lease, the lessee (gas company) thinks...

Oil/Gas: Mineral Rights, mineral royalties, deeded acres
mineral royalties, deeded acres, abstract company: You should contact a Title Abstract Company and request an Abstract of Mineral Title on your lands. This will provide you with all transactions covering the property since the issuance of the Patent from the U.S. It will costs quite a bit, I am sure, but...

Oil/Gas: Mineral Rights, van buren county arkansas, van buren county
van buren county arkansas, van buren county, mineral rights: Aaron, There is much research needed before I can offer you advice on this. I am very interested in researching this for you however. If you will give Holly Lawrence a call at my office (318) 219-2464, she can provide you with some information that...

Oil/Gas: National Royalty Data, royalty owner, royalty owners
royalty owner, royalty owners, national royalty: Dear Jeff: There is an organization on line related to royalty owners. Ownership info is public, filed in tax and court records, but not typically tabulated. Indeed, a logical as your argument is, who cares but the tax collector! If state oil and...

Oil/Gas: New Home on Leased Property, mortgage subordination
mortgage subordination: I am sorry that you and your husband have this disappointment, but hopefully it won t be as bad as it sounds. First, my experience in the past has been that banks will subordinate their mortgage to an Oil, Gas and Mineral Lease if the mortgagor (you and your...

Oil/Gas: New oil, gas & mineral lease, texas, lease
texas, lease, naro: Hollis, I m not that familiar with your area of Texas so can t tell you whether the bonus of $100 per acre is fair or not; however, most of the terms and clauses that you mentioned in your question are fairly standard for Texas leases. The bonus is really...

Oil/Gas: nonproducing royalty interest, sell, offer
sell, offer, minerals: Dixie, email the legal description (Section, Township, Range, and Parish) directly to me at scottminerals@aol.com and I ll be better able to tell you what I think of your offer. Works out to about $8300 per acre, which is pretty good in most areas really....

Oil/Gas: Ohio Gas Lease, gas lease, unitization
gas lease, unitization, landman: Dear Mark: It is typical of what they are offering. Does it have an automatic 5 year renewal? Does in provide for pooling (unitization) with other lands? How much? 5 years at 50 dollars is not much more than being offered 20 years ago. There are lots...

Oil/Gas: Oil and Gas Lease, leasing property
leasing property: A dry hole could have been completed near by which changed their course of operations; their title work could have turned up different ownership than what they initially paid you for. But if no one is returning your phone call, I would bet that their nearby...

Oil/Gas: Oil Leases in North Central/West North Dakota, oil leases, gas leases
oil leases, gas leases, reply thanks: I do not know what the terms are being offered in this area. I suggest you check with landowners in your area and find out what they have been offered. You should always counter with their first offer, however. Shoot high (but be reasonable) - and see...

Oil/Gas: Oil Well Working Interest Legal Rights, operating agreement, oil production
operating agreement, oil production, operating expenses: I am assuming you are a party to a Joint Operating Agreement for the wells in question. If you are, your remedies are spelled out in the agreement. If you are not, you should retain an attorney to make demand on the operator to find out what is going on,...

Oil/Gas: Okmulgee County, OK Lease Offer, lease collection, gross proceeds
lease collection, gross proceeds, mineral acres: John, the spacing is pretty small in that section, so it s likely that they are just wanting to lease some of your minerals, rather than all 120 acres. Part of that section was actually pooled in April for $100 per acre, so that is probably all you can expect...

Oil/Gas: oil lease, leaseing, tlma
leaseing, tlma, law of supply and demand: This decision is totally up to you and your family. You may want to wait for the economic conditions to improve OR you may want to sign a new lease right away; you have to decide if the timing is right for YOU. However, don t wait too long because, if the...

Oil/Gas: Post production costs, rusk county texas, royalty owners
rusk county texas, royalty owners, royalty payments: David, if they won t agree to a clause limiting or eliminating post-production deductions from your royalty, then you could of course refuse to lease to them. You run the risk of being left out of the unit in that case, but some people prefer it. The chances...

Oil/Gas: Pottawatomie Cnty, OK Lease Offer, pottawatomie county ok, royalty rates
pottawatomie county ok, royalty rates, leasing activity: Nana, I d counter with $100/acre and 3/16. Perhaps they will counter with $75/acre and 3/16. If so, I d take it. Most of the leasing activity currently is to the south, and 11N-3E is not that active currently. Additionally, there are several companies leasing...

Oil/Gas: pipeline, interstate pipeline, benefit tax
interstate pipeline, benefit tax, hunting season: I would be happy to discuss this with you further. In order for me to properly advise you I need to know more about the property insofar as location is concerned. If you will kindly call Holly Lawrence at my office 318-219-2464, I will ask her to obtain...

Oil/Gas: production / mcf, mcf, ahc
mcf, ahc, cubic feet: Dear Gary: Well-- 10mcf/d@2.75 =$27.50/10 days or about $82/month Mmcf=1000mcf. Sounds like $82,000/month. Ten thousand MCF/day is a lot of gas, it is 10 million cubic feet/day. Ten mcf/day is a stripper well, barely worth producing. So, I...

Oil/Gas: Reduction for other charges, gas leases, royalty interest
gas leases, royalty interest, acre farm: You should contact the Operator of the wells and ask them to list the deductions specifically as to what they are for. Then, the definition of post production charges should be set out on either the Oil, Gas and Mineral Lease that you signed, or your...

Oil/Gas: Rights Without a Gas Lease, leasing property
leasing property: There is no way you can protect yourself from a well on adjacent property draining reserves under your property if you are unleased. If you were leased and this occurred, you would be protected by your Lessee who would be obligated to drill a well in order...

Oil/Gas: Royalty Calculation, royalty, calculation
royalty, calculation, decimal: Terry, the answer to your question really depends on how big the drilling unit is (how many acres the well will drain)and how many of your acres are included in the unit. If you owned 100 acres of minerals in a 160-acre drilling unit, then at 1/8 royalty your...

Oil/Gas: Where do I start?, outskirts of town, surface ownership
outskirts of town, surface ownership, regulatory division: You should contact the Mississippi State Oil & Gas Regulatory Division and find out who is operating this well. Then, you can contact the Operator of the well in hopes that they will answer some of your questions. One question that comes to my mind is:...

Oil/Gas: Texas - Heir to Mineral Rights, mineral deed, bonus check
mineral deed, bonus check, suspense account: Cheryl, if her father was alive in 1994 then of course he would have received the lease bonus (if any.) If he leased without a bonus (i.e. 1/4 royalty and no bonus) then there would be no bonus. No easy way to determine what bonus terms he leased for if any,...

Oil/Gas: term periods, automatic extension, term lease
automatic extension, term lease, term time: Dear Mark: You have a long question here-- 1. Leases usuallly are for a primary term (e.g. 5 years) and so much longer thereafter as well is producing etc. The later is called held by production . 2. A first and secondary primary term lease sounds...

Oil/Gas: Wildcat drilling, gulf of aden, northern somalia
gulf of aden, northern somalia, petroleum business: First you will have to get access to the land and secure a lease agreement with the landowner and permits from the regulatory agencies/government. For this step I would hire an attorney familiar with both the oil and gas industry and the laws of the Somalian...

Oil/Gas: 640 acre production pools, drilling units
drilling units: Each State s oil and gas regulatory division has hearings which provides these rules. The unit size and configuration for a particular zone/formation has been studied by reservoir engineers to determine how many acres should be allocated for drainage from...

Oil/Gas: Can I Get Out of My Arkansas Lease?, cleburne county arkansas, mineral interests
cleburne county arkansas, mineral interests, southern arkansas: Mike, many people signed leases in Arkansas in 2007 for 1/8 royalty and even less bonus. You ve done better than a lot of folks. True, some lessees were paying $800 or more per acre in certain areas in 2007, but most of that was really in 2008. Frankly,...

Oil/Gas: activity in grayson county, tx, texas railroad commission, grayson county tx
texas railroad commission, grayson county tx, elizabeth jones: Unless I research the well activity I do not know what the activity is. You can visit the Texas Railroad Commission and see if you can determine this. This is the state s oil and gas regulatory commission and it provides all the well activity within the...

Oil/Gas: Beinville Parish Lease Offer, bienville parish louisiana, bonus amounts
bienville parish louisiana, bonus amounts, entering into this agreement: Rene , to confirm what rights you own for sure, you d want to check the land records in the county where the minerals are located. All documents relating to the property should be filed there, from current ownership all the way back. The lessee of course will...

Oil/Gas: CALIF REAL ESTATE OIL RIGHTS, oil royalties, oil royalty
oil royalties, oil royalty, real estate in california: If you reserved the minerals when you sold your property, then you should still be the current owner. You should contact the Operator of the well(s) that are producing and speak to the Division Order Dept. and find out why they are now trying to assert...

Oil/Gas: Columbia County, Arkansas, columbia county arkansas, ouachita counties
columbia county arkansas, ouachita counties, lubrication engineer: Sorry I couldn t have been of more help. I really have no experience in situations such as these. I m a lubrication engineer in that I solve problems with the application of lubrication products after the fact. Always wanted to get on a rig and play John...

Oil/Gas: change in unit size, royalty owner, gas wells
royalty owner, gas wells, recourse: It is not necessary for the Division Order to be executed by the royalty owner. By executing the Division it verifies the owner s interest, but it is not necessary to distribute payments. The Operator does have the right to increase the size of the unit...

Oil/Gas: Division Order, van buren co, proportionate share
van buren co, proportionate share, section 23: James, the formula they gave you is your net acres divided by the unit size of 640 acres, multiplied by the royalty. The result is your total decimal interest (.009375)for both sections and this decimal represents your proportionate share of the proceeds and...

Oil/Gas: Drilling activity in Section 6-10N-15W Washita County, Okla, Oklahoma, selling
Oklahoma, selling, mineral: Martha, not much new activity going on near your minerals. A small gas well was completed in 2007 in section 9 that is currently producing about 4,500,000 cubic feet of gas per month (not that much really.)If you owned 10 acres there your checks would be...

Oil/Gas: Finding all of our mineral ownerships, royalty payments, land description
royalty payments, land description, ownerships: Dear Kay-- Great. 1. By residue, I just meant stuff left over , undone. 2. If your mother had just a life estate, the the owner, subject to the life estate, is now the owner without that limitation. By informing the oil companies, showing the death record,...

Oil/Gas: Can I Get Out of My Arkansas Lease?, cleburne county
Oil/Gas: Can I Get Out of My Arkansas Lease?, cleburne county

Oil/Gas: Oil and Gas Lease
Oil/Gas: Oil and Gas Lease

Oil/Gas: how do figure decimal interest, calculating net revenue interest
calculating net revenue interest: Yes there is. A well is either drilled on a unit basis or a lease basis. Whatever the amount of acres is in the unit or lease , becomes one of the factors for which your net decimal interest is figured. The other factor is, the royalty in your...

Oil/Gas: Garfield County, OK Lease Offer, oklahoma corporation commission, royalty owners
oklahoma corporation commission, royalty owners, bonus amounts: Marilyn, the National Association of Royalty Owners (NARO) subscribes to a monthly lease bonus publication that gives the high, average, and low bonus amounts and royalty for any county in Oklahoma. While this is not an exact science as bonus prices and royalty...

Oil/Gas: Good Frack Gone Bad, nat gas, railroad commission
nat gas, railroad commission, frack: What state are you in? If you are in TX I would request a hearing with the TX Railroad Commission and see what they have to say about all of this. Fair compensation would be for them to get you back where you were before all of this started and also pay...

Oil/Gas: korosene storage, plastic storage, winter temperatures
plastic storage, winter temperatures, flammable products: Hello Beverly First if you live in a condo, you need to check with your Housing association wether or not they will permit storage of flammable products onsite. Then you need to check with the local fire dept, fire Marshall on the same. A special type...

Oil/Gas: Lawrence County, Ohio Minerals, mason dixon, contract leasing
mason dixon, contract leasing, leasing firms: Dear Scott-the leasing picture is confused these days by low gas prices, nevertheless contract leasing firms like Mason-Dixon are busy in W. Va, Penn. and parts of eastern Ohio for long term paid up leases. Lawrence has had a lot of shallow Mississippian...

Oil/Gas: lease renewal, gas lease, lease renewal
gas lease, lease renewal, different company: Dear Randall: The lease does not expire for a year and 2/3 months! It is not too early to think about, but 1. a new lease with a different company could be a cloud on the existing lease title, so be careful. It is called a top lease 2. You can redo...

Oil/Gas: Mineral Rights/Lease Signing, royalty owner, gas leasing
royalty owner, gas leasing, drilling unit: Dear Althea: I am not sure how to answer your question, but be assured, I do not practice law in TX. Given your situation (1/1000th), 44 acres. 18.75 royalty, what would I do if in your shoes. Answer, --I d tell him to make out a quit claim...

Oil/Gas: Mineral Rights/Surface Rights, columbia gas, lease ownership
columbia gas, lease ownership, mineral rights: Dear Christy-- It sounds like Columbia has a active lease, not an ownership of mineral rights. If it has either, they can drill. You need to find out about the lease/ownership first. I suggest you hire a title company to get the record. If you need...

Oil/Gas: mineral interest in Caddo County, caddo county oklahoma, mineral interest
caddo county oklahoma, mineral interest, mineral interests: You need to find out who (if anyone) is operating in your area (see link below) and then send a written request to the companies asking for an offer to lease your mineral rights; I would pursue bids from several different companies. If there is no activity...

Oil/Gas: Just notified about a 641 acre inherited lease., lease negotiations, oil lease
lease negotiations, oil lease, stephens co: Dear Allison: 1. If the well is in the ground, the land is held by production . The money should be royalty. It is too late for usual lease negotiations, bonus demands ertc. 2. Yes, there is a chance of making money and you just got $35K! You will...

Oil/Gas: Offer to buy mineral Interest, coal county oklahoma, oklahoma oil
coal county oklahoma, oklahoma oil, mineral interest: The Oklahoma Oil & Gas Regulatory Commission can provide you with information on this area. I m sure there is a website for this commission and if you have the legal description of your property you can probably insert the section, township and range and...

Oil/Gas: Oil and Gas Lease, estimated monthly revenue
estimated monthly revenue: The amount of your monthly payment depends on how much oil is produced. Without this information you cannot calculate royalty revenue. I will provide you with the calculation, so you can plug in that variable and get an idea: divided your net acres...

Oil/Gas: Oil, Gas @ Mineral Lease, negotiating lease terms
negotiating lease terms: Unfortunately, you can request special provisions as an addendum to your Oil, Gas and Mineral Lease, but the company does not have to accept them. If you would like for me to handle this for you, I would be happy to. You can reach me at my office at...

Oil/Gas: Oil leak/drip, mechanic shop, oil leaks
mechanic shop, oil leaks, lubers: Hello Phylicia, Sorry for the delay in responding. Oil leaks, at least small ones are not a serious problem. But should be looked at the next time you take your vehicle in for service. If, as in your case, you notice a leak. Please take your car to a...

Oil/Gas: obtaining subordinations from banks, Mortgage Subordinations
Mortgage Subordinations: Gosh Glenn, you are speaking my language. I totally understand your frustrations. Since the late 1980 s, the banking industry has certainly gone from one who you have a personal relationship with to one where you re just another number. We have been successful...

Oil/Gas: oil drilling %, drilling company, oil drilling
drilling company, oil drilling, standard oil: Sir, I am unaware of a normal/standard profit or % of oil that is earned by the drilling company. However, I do know that the Lessor retains 1/8th of the whole while the oil drilling company earns 7/8ths of the whole. Remember though, the oil drilling...

Oil/Gas: oil and mineral rights, grandfathers name, mineral owner
grandfathers name, mineral owner, abstractor: Typically, an Abstract of Title must be obtained by a qualified land abstractor in order to deermine the current mineral owner of the property. This is very tedious and requires a knowledgeable researcher and is very time consuming. In lieu of having this...

Oil/Gas: oil royalty valuation, valuation, selling
valuation, selling, royalty: Sid, since you did not elaborate, I m assuming you have some producing minerals that you either own or are thinking of buying? Best rule-of-thumb (and that s all it is) for oil or gas royalty valuation is to multiply the average of the monthly income over...

Oil/Gas: Partial Owner able to Counteroffer?, mineral rights, wag
mineral rights, wag, incomes: Dear Missy: It is pretty late. You can always make a counter offer. It is hard to see how the tail will wag much of the dog. If you own an undividedd 1/8th you are all going together, up or down. If you are the only hold out , you may be force pooled....

Oil/Gas: pipeline right-of-way, typical terms, initial time
typical terms, initial time, pipeline: If you have an existing ROW on your property that will be replaced there has already been a ROW granted at the initial time the ROW was laid. In order to determine what rights you have at this time, the ROW that was granted in the 1940 s would have to be...

Oil/Gas: Roger Mills Lease Offer, clause examples, barn burners
clause examples, barn burners, landmen: ML, not sure what leases are going for up in that part of RM county. It s not very active right now, I can tell you that. No barn burners have come in nearby recently. Lease prices will likely reflect that. I would at a minimum add a depth clause to...

Oil/Gas: re-summitted question about offer to buy minerals, barnett shale, johnson county texas
barnett shale, johnson county texas, lateral boundaries: Jackie, thanks for the legal description. The county (Johnson) and the abstract number (296) help me narrow it down pretty well. As I previously mentioned, that $6,305 offer is pretty good in my opinion, considering it s for just under one acre and is probably...

Oil/Gas: royalties, decimal, royalty
decimal, royalty: John, you can use your decimal interest to determine your royalty in an actual or hypothetical well. It is the same way an oil company would calculate your royalty. To figure your decimal interest, take the number of acres you own in the unit (10, for...

Oil/Gas: Selling Mineral Rights in Canadian County, selling, minerals
selling, minerals, royalty: Jacalyn, didn t see this question until I d already rejected your previous question (lack of complete legal description.) Now that I have the county however, I can help you on that perhaps. Kingfisher County is not that active really, and no real barn burners...

Oil/Gas: Subordination of lien, royalty money, subordination clause
royalty money, subordination clause, property lawyer: Dear Carmen: Well, as you know, 1. a lease is a contract, i.e. agreement to drill. When the lease is signed, it is seldom clear whether the property is encumbered by a mortgage or other lien, or will be when it is time to drill. 2.Mortgage companies...

Oil/Gas: Should I sign a gas lease when I want to sell my home?, gas lease, surface owner
gas lease, surface owner, lease group: I wouldefinitely try to retain 50% of the mineral rights if you can. There certainly is a value to them, perhaps if the Buyers don t agree to that, they will be willing to pay you more for your home. As to the actual value of the minerals, it is hard...

Oil/Gas: 50% Interest In Oil Well In OK, requesting legal opinion on agreement
requesting legal opinion on agreement: Sir, This matter is something you should seek legal counsel about. Preferably, an oil and gas attorney. AllExperts is a volunteer website for professional advice not legal opinion or counsel. I am not qualified to provide you with advice on...

Oil/Gas: Buying gas wells in Oklahoma, purchasing a well
purchasing a well: Sir, I would suggest you contacting a Reservoir Engineer who can advise you what the value is of these wells you are trying to purchase. Depending on the depletion factor of the formation, and what rights you would be acquiring if you purchased the well are...

Oil/Gas: Constitution ( Yegua), Jefferson Co., Tx., predicting how long a well will produce
predicting how long a well will produce: A reservoir engineer can study the formation and project how long the reservoir will produce - but other than that, I don t believe there is any way one can predict how long production will last. Producing oil and gas is a complicated science, although...

Oil/Gas: Easement of Gas lines..., gas meter leasing
gas meter leasing: Sir, I would certainly not cash the check until you are able to speak with a representative of the company who sent you the check and presumably, that is leasing the rights to the property. I further suggest that you obtain a copy of the 1997 contract...

Oil/Gas: Ellis County, OK, Ellis, Oklahoma
Ellis, Oklahoma, Lease: Craig, if you d like to send me the lease to look at I think I can find the time this week and would be happy to help out. You can either scan and email it to me at scottminerals@aol.com, or you can fax it (with high quality fax setting if possible) to me...

Oil/Gas: Constitution ( Yegua), Jefferson Co., Tx., cimarex, calculation purposes
Oil/Gas: Constitution ( Yegua), Jefferson Co., Tx., cimarex, calculation purposes, mcf

Oil/Gas: roger mills lease, kingman az, burrage
Oil/Gas: roger mills lease, kingman az, burrage, 12n

Oil/Gas: Gas well, verifying production in a well
verifying production in a well: An Operator must report monthly production from a well with the State Oil & Gas Commission. You should contact this office and provide them with the legal description of the property and they should be able to pull this information for you. Also, most...

Oil/Gas: gas lease, Pennsylvania, oil
Pennsylvania, oil, gas: I think you can do better on your lease terms, but you ll need to do some research yourself to be sure. Hopefully the information below will get you started. It is my understanding that in Pennsylvania the oil company can drill a well whether or not you...

Oil/Gas: gas well drilling, well spacing rules
well spacing rules: Sir, Each formation has its own spacing rules and regulations. In Texas, this information can be found at the following website: http://www.rrc.state.tx.us/ If you have your Survey Name and Abstract No. this information would help you get started,...

Oil/Gas: gas well production, capping a well
capping a well: Mary, This last question you have, is a good one, but I am not qualified to answer this because there are many factors to consider before a decision is made to cap a well that is producing. As long as a well s revenue exceeds the costs, I believe a prudent...

Oil/Gas: Horizontal Well Payments, horizontal, vertical
horizontal, vertical, well: You will get paid for production from any of the horizontal wells whose perforations (holes punched in the pipe that the gas and oil flow through) are within the drilling and spacing unit that includes your 17 acres. Usually they either will be or they won...

Oil/Gas: half minerals, undivided interest to be leased
undivided interest to be leased: Yes, you have the right to lease your rights even though there are other joint owners who cannot be located. The company acquiring these lease rights will not have 100% interest in the lands covering this interest which may discourage drilling until they...

Oil/Gas: Johnson County, AR, Selling, minerals
Selling, minerals, arkansas: There are advantages to selling, and advantages to leasing. Minerals in hot areas will be worth more to buyers AND potential lessees; but suffice to say if you aren t in the heat of a play you can t expect to get top prices, either for a lease or a sale....

Oil/Gas: Lien for mineral rights, lien subordination
lien subordination: Usually, a mortgage on the property is subordinated to an Oil, Gas and Mineral Lease. I m assuming you are referring to a lien subordination which I know to be a mortgage subordination . By doing this, yes, the mortgage holder is subordinating its rights...

Oil/Gas: leaseline and offsetdrilling, lease rights
lease rights: If adverse possession occurred on the property, it would also include the mineral rights if the surface and mineral owner are the same. Your lease would provide provisions for drainage from adjacent property owners wells and the obligation your Lessee...

Oil/Gas: Martin County, TX Lease, lease extension, timbercreek
lease extension, timbercreek, mineral company: Andrea, the current lessee has until the current lease expires to commence operations. You will not necessarily receive any paperwork prior to commencement, and they technically could wait until the lease is just about to expire before doing anything....

Oil/Gas: Mineral Rights Decimal Interest Calculation, verifying interest in Division Order
verifying interest in Division Order: Kim, Don t feel alone. Many people, both laymen and professionals, who review Division Orders and other stipulations of interests regarding royalty revenue struggle with trying to make sense of what they have received. I m glad you are trying to understand...

Oil/Gas: Mineral Rights Lease/Sale, selling, mineral
selling, mineral, rights: Well, you could actually contact ME to help you assess the offer if you wished. I m pretty familiar with mineral rights in Oklahoma, Texas, and some other states, and have consulted with many mineral owners who were trying to sell their minerals or evaluate...

Oil/Gas: mineral acreage, calculating ownership interests
calculating ownership interests: Each quarter section contains 40 acres, more or less. There are 160 acres in each quarter section, i.e., 160 acres in the NW/4, 160 acres in the NE/4, 160 acres in the SW/4 and 160 acres in the SE/4. Each quarter section has 40 acres, so, the NE/4 NE/4 would...

Oil/Gas: Oil Gas Lease Grayson Co Tx, inquiring about leasing companies
inquiring about leasing companies: Ms. Mostowfi: I hope you received my answer. I gave you a list of other companies who are actively leasing in this area. Because the landman has told you that OTC is the only company leasing in the area, and I have provided you with information to...

Oil/Gas: Oil and Gas Lease in North Dakota, lease terms
lease terms: As a general rule, you should always make a counter-offer on their first offer. Based on their offer to you as you provided above, I would counter at $50 per acre with a 3/16ths royalty. If you also own the surface to the property, then you need to protect...

Oil/Gas: Oil & Gas Mineral Rights, Lease offers
Lease offers: As a general rule, you should always make a counter-offer on someone s first offer. It appears that they are trying to negotiate an Extension of the Oil, Gas and Mineral Lease that your mother previously signed for $125/acre and 3/16ths. If this is the...

Oil/Gas: original mineral rights, locating conveyance of property
locating conveyance of property: Sir, Unless Occidental Petroleum will furnish this to you, you will have to obtain this document from the County Clerk s office in which this property is located. You should be able to locate it by running your father s name direct, in the Conveyance...

Oil/Gas: Question on "refracking", barnett shale, lease language
barnett shale, lease language, interest owners: It s all economics in my opinion. There is no typical time to refrac, or employ other secondary recovery techniques. If the operator and other working interest owners think it s going to pay off for them to refrac a well that has slowed in production, then...

Oil/Gas: roger mills lease, lease offer
lease offer: Sir, I m assuming this offer is to lease your mineral rights. If this is their first offer, I always suggest making a counter-offer, such as: $900/acre and 1/5th royalty. Definitely, you should ask for a 1/5th royalty - and I m certain they have room to...

Oil/Gas: Stephens County OK Lease Offer, bonus amounts, extension option
bonus amounts, extension option, timbercreek: Since you have 100 acres (a good chunk) I d counter with $150/acre and 3/16 and see what they say. You do RISK that they will withdraw their offer altogether by doing this, but I d counter anyway if it were me. Additionally, they are probably just drilling...

Oil/Gas: surface rights only on warranty deed, pawnee county oklahoma, warranty deed
pawnee county oklahoma, warranty deed, surface rights: I haven t seen the entire deed, but the five words probably cover you. I d prefer to see language to the effect of It is expressly agreed and stipulated that the Grantor herein retains all oil, gas, and mineral rights owned by Grantor. You might have...

Oil/Gas: Transfer of a RI due to well plugging, converting rights in sales contract
converting rights in sales contract: Unfortunately the Sales Agreement that you signed where you acquired your interest is the governing document. Therefore, you will need to review the instrument that was signed between you and the Operator to see if what they are trying to do is line with...

Oil/Gas: value of mineral rights, mineral lease, mineral rights
mineral lease, mineral rights, qtr: The value is determined by how well you can negotiate a mineral lease; please see the document at the link below and then solicit bids for your property. http://www.tlma.org/oilgasleasechecklist.pdf The information about your mother s mineral rights...

Oil/Gas: vertical pugh clause, vertical pugh clause language
vertical pugh clause language: The standard vertical pugh clause contains this language: Notwithstanding anything to the contrary in this lease, this lease shall expire as to all rights which lie deeper than 100 feet below the stratigraphic equivalent of the deepest depth drilled in...

Oil/Gas: working interest vs net revenue interest, Working Interest and Net Revenue Interest
Working Interest and Net Revenue Interest: In order to determine your Net Revenue Interest, all lease burdens must be subtracted from your Working Interest. Lease burdens are any lease royalties or overriding royalty interests which burden your portion of the Working Interest. As an example, you may...

Oil/Gas: 1.)mineral rights transfered on repo? 2.) surface protection, eog resources inc, nacogdoches county
eog resources inc, nacogdoches county, sweetheart deal: Upon foreclosure, the VLB, owner of minerals and surface was free to do whatever they wanted with what they owned. You would need to read the VLB agreement, as the VLB often retains one half of the minerals as additional collateral until the loan is paid....

Oil/Gas: Additionial mineral acreage, leasing an interest acquired by governmental authority
leasing an interest acquired by governmental authority: This all depends on what the language in your oil and gas lease provides. You have to read the lease and see if there is a clause that provides that the lease includes all the interest you own in the lands set forth, whether properly described or not . ...

Oil/Gas: Amendment to gas lease, negotiating favorable lease terms on 1920 lease
negotiating favorable lease terms on 1920 lease: No sir! If you are being asked to sign a new lease, then you have the opportunity to negotiate new terms! Please don t pass this opportunity up. In your situation, being tied to a 1920 lease, you could certainly improve upon your terms. I would suggest...

Oil/Gas: Capping Gas Wells, allegheny county pennsylvania, gas management
allegheny county pennsylvania, gas management, undeveloped property: To find out if it is capped you can search for it in the well database; you may also contact the PA Bureau of Oil and Gas Management directly. http://www.dep.state.pa.us/dep/deputate/minres/oilgas/onlineservices.htm To plug the well you can contact a...

Oil/Gas: Charging Operators/Payor Interest, amending terms of Oil, Gas and Mineral Lease
amending terms of Oil, Gas and Mineral Lease: Sir, it is my understanding that these types of special provisions have to be entered into and made a part of the Oil, Gas and Mineral Lease that is in effect covering the property. At the time the Division Order is prepared and sent to the mineral owner,...

Oil/Gas: DRILLING MY OWN WELL, harper kansas, five wells
harper kansas, five wells, geologist: Drilling a well on your own can get very expensive in a very short time period if you don t know what you are doing. Perhaps after you get a few under your belt you might want to try it, but I do not suggest doing it by yourself the first time. I think...

Oil/Gas: Drilling Mud Training, drilling mud, course brochures
drilling mud, course brochures, courses in london: Try here for U.S. based. I have both used and taken courses from this company and highly recommend them. I don t know if they have UK contacts. http://www.prenticetraining.com/Custom_Course.htm I have received many short course brochures from this...

Oil/Gas: drilling/spacing units to be changed, oklahoma corporation commission, horizontal wells
oklahoma corporation commission, horizontal wells, gas lease: They re going to drill horizontal wells in the section. You will share in production based on 160/640 x percentage of mineral ownership x royalty reserved in lease. They will drill as many as eight wells per section over time. Of course you can go to...

Oil/Gas: Exploration, lease agent, lease acquisition
lease agent, lease acquisition, digging holes: Kalyn, The days of just digging holes in the hope of hitting something are long gone. There are very few places in the U.S. where oil or gas has been found that has not had seismic work done on it. If there is or has been oil and/or gas wells or drilling...

Oil/Gas: Flower Mound lease - forced pooling, etc, mr mcconnell, mineral interests
mr mcconnell, mineral interests, gas lease: The operator will probably allow you to execute an oil & gas lease. If you are unleased, your interest will not be pooled and then your only recourse is through an Administrative action under MIPA with the RRC. This is n expensive procedure and hardly worth...

Oil/Gas: goudeau louisiana leasing, mr mcconnell, woodducks
Oil/Gas: goudeau louisiana leasing, mr mcconnell, woodducks, vidrine

Oil/Gas: A fair [price for mineral rights 0 Dewey Co OK, sell, mineral
sell, mineral, rights: There are recent location exception and spacing orders for section 18, which indicates a well may be drilled in the fairly near future. If that happens, then of course she ll be giving up any royalty payments if she sells. If possible, I d try to find...

Oil/Gas: Gas well drilling statistics, westmoreland county pennsylvania, natural gas boom
westmoreland county pennsylvania, natural gas boom, beaver run creek: The information you are seeking is located at the link below; I think you have to pay for access to the system. http://www.dcnr.state.pa.us/topogeo/oilandgas/pa_iris_home.aspx The answer to your second question can be found at this link. http://www.dcnr.state.pa.us/topogeo/oilandgas/marcellus.asp...

Oil/Gas: gas lease renewal, royalty payment, pipeline route
royalty payment, pipeline route, leasing requirements: The lease will be held by the continuous operations provisions of the lease. The amount to be paid as shut-in-royalty is included in the lease as well. It can vary from $1 per acre to $10 per acre. If they had spudded the well the day before the lease...

Oil/Gas: gas well, maximum flow rate, tank valve
maximum flow rate, tank valve, sustainable rate: Wes, Both parts of your question are both right and wrong! The company wants to pump all it can. It also wants to pump just what it needs (wants). There is a conflict involved. The accounting and marketing bean counters want to pump as fast as possible...

Oil/Gas: gas wells, marcellus shale, royalty payments
marcellus shale, royalty payments, lease prices: When a company sells a lease, it has no effect on the contractual obligations made with the landowner. They can drill on your lands or lands pooled with your lands and extend the lease. Unless they are planning a well on your lands, they won t contact...

Oil/Gas: goudeau louisiana leasing, goudeau louisiana, chalk formation
goudeau louisiana, chalk formation, acre blocks: That was one of Fred Rabalais projects. Monty Moncrief was a wildcatter from Fort Worth that discovered a couple of fields in S. Avoylles Parish in the Tuscaloosa. His Engineer, Fred Rabalais, was from Bunkie and the Landman he used there was Tom Durham,...

Oil/Gas: Info on New Well in Roger Mills County, Oklahoma, roger mills county oklahoma, occ web
roger mills county oklahoma, occ web, timbercreek: It was permitted to Chesapeake in July to 13,500 feet deep. It was spud on July 29. No completion info yet though. The section was force-pooled in February for $1100/acre and 3/16 royalty. You can check the OCC web site when the completion report is filed...

Oil/Gas: Mineral Rights in Montague County Texas, montague county texas, leasing term
montague county texas, leasing term, leasing terms: I don t normally reccomend this, but since you own so little interest in these lands it may work. Carefully draw a single line through the 1/5 royalty wherever it appears and print in its place 1/4 or 25%, whichever is applicable. When you have done that...

Oil/Gas: Mineral vs Royalty ownership decimal interest, figuring royalty revenue interest
figuring royalty revenue interest: If your wife s interest is only entitled to royalty revenue payments and does not have the right to grant leases or receive bonus payments, then you are correct in that she owns a royalty interest . If the lease that is in effect carries a 16% royalty interest...

Oil/Gas: mineral interest value and relief sought:: spacing, Sell, mineral
Sell, mineral, rights: There s usually a reason mineral owners receive unsolicited offers to buy their minerals. Your mom is no exception. In her case it s because there may be plans for a well here before too long. There has been a notice of hearing filed for a spacing order...

Oil/Gas: mineral lease, ochiltree county texas, kiowa creek
ochiltree county texas, kiowa creek, rr co: If I were you I wouldn t worry about the bonus, but concentrate on 25% royalty. They have already permitted a well in 914 and 913. The well in 913 made 16,000 barrels of oil in the first two months of production. Give them a free lease for 1/4 royalty,...

Oil/Gas: mineral rights, east lincoln county, lincoln county oklahoma
east lincoln county, lincoln county oklahoma, affidavit of death: It depends on how much research goes into the project. Altex Energy Corporation has many leases in the section under which you own minerals. The only well that ever produced in that section only lasted a couple of months, with no reporting of production since...

Oil/Gas: Natural gas in water well, petroleum engineer, lower zone
petroleum engineer, lower zone, water zones: Letitia, On oil wells the surface casing is supposed to be set at a depth that is below any potable water zones and when the casing is cemented, the cement is supposed to be pumped until it is seen at ground level. This is the present rules and you should...

Oil/Gas: O&G and mineral lease appraisal, mineral lease, eog resources
mineral lease, eog resources, lease form: unleased non producing minerals have no value for tax purposes, an appraisal will cost many times more than the minerals are worth. If you have a lease form from EOG with your name on it, I suggest you sign it and return it to EOG. You may want to do what...

Oil/Gas: OIL & GAS LEASIN, pine plantations, magnolia arkansas
pine plantations, magnolia arkansas, mineral owner: In Arkansas, the mineral rights are dominant over the surface rights. This means that the surface owner will have to allow a reasonable portion of their land to be used for the development and production of the minerals unless the mineral owner added a “No...

Oil/Gas: Oil/Gas lease Blaine County, blaine, county
blaine, county, lease: $1000/acre sounds like a pretty good offer to me for this township really. There has been leasing for a lot less in this township recently. You might want to make sure it doesn t have an extension option in it, or a right of first refusal clause. Both clauses...

Oil/Gas: Oil and gas lease offer, devon energy production company, blaine county oklahoma
devon energy production company, blaine county oklahoma, oklahoma corporation commission: The mineral interest you own has already been forced pooled into a 640 acre unit. The company is going to drill a well in the unit. The 1/4 royalty is your portion of the production of the well or wells that produce within that pooled unit. The company will...

Oil/Gas: oil and gas lease in Clay County, IL, bible grove township, clay county illinois
bible grove township, clay county illinois, schuyler brown: Tell the landman that she wants $100 per acre and 1/5 royalty. They will refuse, of course. Be patient and see if they begin drilling. If they hit something the price of leases will go up dramatically. The key to leasing in wildcat areas is to wait....

Oil/Gas: old gas well, private water wells, olmsted township ohio
private water wells, olmsted township ohio, pollution issues: Jack, I don’t think I can be much help here! The only companies in Ohio that I know of that do well testing is a large company, Superior Well Services , http://www.superiorwells.com/, that primarily does shale fracing and acidizing and I don’t know if they...

Oil/Gas: ownership interests., ownership percentage, survey name
ownership percentage, survey name, ownership interests: I can help you accomplish this if you will provide me with certain information. There will be no costs to you for me to review and advise you further. If you will email me at lfitzgerald@iliosresources.com I will let you know what information I need. Initially...

Oil/Gas: Pecos County, Texas-"Market" Lease Terms & Activity, pecos county texas, texas railroad commission
pecos county texas, texas railroad commission, mr mcconnell: The market would be whatever a willing Lessee would pay for a lease in a section surrounded by dry holes, including one drilled in the instant section. However Whiting has permitted a well in the SE/4 of the Section South of yours and the Section West of...

Oil/Gas: Private Gas Well in Indiana, hot water heaters, minimal service
hot water heaters, minimal service, unit apartment: First, I would go to the website below and find your well and pull all the records available. http://www.in.gov/dnr/dnroil/5447.htm Once you have all the well information I would evaluate the records and production data and try to locate any anomalies...

Oil/Gas: producing gas, drill rig, mineral rights
drill rig, mineral rights, waiting game: Wes, I think these two questions are totally different. I read one as asking about disparity between tested and produced flow rates and this one as asking about motives. It is possible the company is sandbagging you. Most likely, their Geophysicists told...

Oil/Gas: Rights to royalties in a divorce, homestead rights, marriage divorce
homestead rights, marriage divorce, divorce attorney: I d say it depends on whether you live in a community property state or not, and whether he owned these rights prior to your marriage. If he owned them or inherited them prior to your marriage then it s unlikely you ll have a claim on them, even though...

Oil/Gas: Selling Mineral Rights, Sell, mineral
Sell, mineral, rights: You did not include the range (i.e. 26W) so I cannot locate the property. I will need that to really answer your question. $2900/acre would be a good price in certain 11N townships for instance, though in others it would be a good price to lease for, not...

Oil/Gas: safety practices and procedures, safety training observation program, nabors industries
safety training observation program, nabors industries, dupont corp: John, You may not be fully informed as how this program works so I will take the space to review it for you. The Safety Training & Observation Program (STOP) was begun by DuPont Corp. as a program to increase safety awareness and reduce incidents in its...

Oil/Gas: Understanding what a well name is telling me, baytex energy, lease name
baytex energy, lease name, bottom hole: (1) Development, Ambrose, 2,354 feet ground, 18,115 feet Bakken, Baytex Energy USA Ltd., Hansen 18-19-162-99H NENE 18-162N-99W, Divide County The surface location for this horizontal well is located in Sec 19 and the bottom hole is in Sec 18 of T162N, Rng...

Oil/Gas: Barnet Shale gas lease, barnet shale, mr mcconnell
barnet shale, mr mcconnell, mineral owner: While you re at it, contact the lien holder on your loan and ask to have your principal reduced. You cannot change or amend any contract unilaterally. You made a choice when you granted the lessee an option to extend the lease for a certain amount of money....

Oil/Gas: Casing of oil wells, casing pipes, pdc bits
casing pipes, pdc bits, drilling parameters: Shahnawaz, Thanks for using AllExperts. I hope my answer helps, if you need a follow up, please do. d-exponent first. I haven t used or paid attention to d-exponent in several years. It is the use of LWD as much as PDC bits that has made it obsolete. The...

Oil/Gas: coil tubing, low carbon steel, coil tubing
low carbon steel, coil tubing, coat hanger: I am not sure of whether you are asking about the mechanics of forcing CT into a well or the tubing itself. If you are referring to the type and composition of the steel used to make coil tubing, it is a low carbon steel with usually about 0.1 to 0.2% carbon....

Oil/Gas: Drilling Activity in Washita Cnty, OK, oklahoma corporation commission, oil law
oklahoma corporation commission, oil law, personal sources: There are various sources on the Internet that provide oil and gas production, permitting, and leasing information for many of the oil and gas producing states. Some are pay sites and are fairly expensive to subscribe to. Two of the best pay sites for Oklahoma...

http://en.allexperts.com/q/Oil-Gas-3147/2010/11/Drlling-Matagorda-County-Texas.htm


Oil/Gas: division order, cleburne county arkansas, arkansas section
cleburne county arkansas, arkansas section, 000000: You can calculate your interest by dividing the number of acres in the unit by the number of acres you own in the lease, such as 89/640. Multiply that number by the amount of royalty reserved in your lease. 40/640 x .25 = unit nri .015625 This is just...

Oil/Gas: drilling in Washita County, OK, mineral rights, future plans
mineral rights, future plans, section 6: Hi Brenda- Offhand I do not know but if someone has made you an offer it does usually indicate there is some type of activity. It may not mean a well will be drilled in a short time but it may be for some future plans. If you are considering an offer...

Oil/Gas: encana pulls out of luzerne county,pa, luzerne county pa, mineral owners
luzerne county pa, mineral owners, ground shifts: Lou, Fifteen miles could absolutely make a difference. Which way that difference would go is anyones guess. The sub-surface formations are riddled with faults from ancient ground shifts. Some of these faults cause hydrocarbons to be vented to the surface...

Oil/Gas: Fair Lease Offer in Blaine County, OK?, blaine, county
blaine, county, lease: $700/acre, 3-years, and 3/16 isn t bad for this area. The section next to yours was force-pooled for only $200/acre back in April of this year. Forced pooling bonus amounts are often indicative of what leases in the area are going for at the time of the pooling....

Oil/Gas: Formula's, obtaining oil and gas calculations for revenue
obtaining oil and gas calculations for revenue: I don t know specifically. Try doing a Google Search entering the calculation you need, such as: calculating net revenue interest - and I believe it will populate a site for you. I ve seen this in the past so I do know that its out there. Good luck....

Oil/Gas: drilling in Washita County, OK, royalty check, mineral rights
Oil/Gas: drilling in Washita County, OK, royalty check, mineral rights

Oil/Gas: Formula's
Oil/Gas: Formula's

Oil/Gas: Leasing offer for mineral interest
Oil/Gas: Leasing offer for mineral interest

Oil/Gas: OIL,GAS,MINERAL LEASE OFFER, mineral rights, royalty
Oil/Gas: OIL,GAS,MINERAL LEASE OFFER, mineral rights, royalty, family members

Oil/Gas: Terry County, TX Lease Offer, leasing activity, royalty
Oil/Gas: Terry County, TX Lease Offer, leasing activity, royalty, acre

Oil/Gas: Wells Heirs, Wood County, Texas, brother don, texas counties
Oil/Gas: Wells Heirs, Wood County, Texas, brother don, texas counties, suspense

Oil/Gas: fair offer?, custer, county
custer, county, oklahoma: Bearcat is a land company and they are probably leasing for either Chesapeake or Unit Petroleum. I would contact whomever they are NOT leasing for in order to see if you can get a better offer. I m not saying the current offer is bad however, it s just that...

Oil/Gas: Gas and oil mineral intrest, Sell, mineral
Sell, mineral, rights: Before you consider selling I d suggest you find out how many acres of mineral rights you have to sell, and whether they re producing oil and gas currently or not. It sounds as if you don t even know whether these are producing or not. This can be dangerous...

Oil/Gas: has my gas lease expired and can i lease to someone else, gas lease, timbercreek
gas lease, timbercreek, contract states: If there really is no well there, and they ve done nothing for 180 days, then you may want to ask them to file a release in the courthouse in order to put others on notice that your minerals are again available for lease as per your lease terms. Are you...

Oil/Gas: gas units in a well log report, cubit feet, gas chromatograph
cubit feet, gas chromatograph, drilling mud: Carl, Until the well has an electric log and or a flow test it is hard to determine potential production. 58 units sounds like really on the puny side but without knowing how the equipment was setup one can’t tell. When a well is being drilled, a piece...

Oil/Gas: Horizonal drilling, subsurface wellbore easement
subsurface wellbore easement: Larry, The rights of the oil company are outlined in the Oil, Gas and Mineral Lease that you granted to them. Look for a provision entitled Subsurface Wellbore Easement . This allows the company to use the surface of your land to drill directionally and...

Oil/Gas: How to Interpret Division Order Figures, Sell, mineral
Sell, mineral, rights: It appears they put all those numbers in there to show you how they arrived at your decimal interest of .015625 on the division order. Your decimal interest is what they will base your royalty payments on so you need to make sure it correctly reflects the...

Oil/Gas: implied clause to release lease, drainage, well
drainage, well, covenant: Yup, I guess I was confused. I agree it complicates things being as both wells will have the same operator. You still can fight it though by sending a letter and as you said, it s only a few stamps you stand to lose. I still think it s possible you ll...

Oil/Gas: Lease in Carter County, carter county oklahoma, mineral owners
carter county oklahoma, mineral owners, 5s: Try a counter offer of $300 per acre, 1/5 royalty for a straight 3 year lease, no option. I think with the amount of interest you have in a section, almost 10%, they will deal with you eventually. The y give professional mineral owners 25% royalty, every...

Oil/Gas: Why No Lease Offers?, texas railroad commission, new leases
texas railroad commission, new leases, timbercreek: No one is leasing in your immediate area currently (I checked,) which is why you haven t been contacted. If an exploration company becomes interested in leasing your area then you will likely be contacted. You of course are free to drill your own well...

Oil/Gas: Leasing offer for mineral interest, el paso county, mineral interest
el paso county, mineral interest, mineral rights: Tell them you will pay attention when the bonus is over $100 per acre and the royalty 1/5. It may be awhile, but it is a waste of time to lease for $25 per acre. Whether or not you like the answer, I answered you within 8 hours and you took six days open...

Oil/Gas: Lessor & Assignment, deceased royalty owner's interest
deceased royalty owner's interest: I m not sure I m following you correctly because the Lessor is the landowner/mineral owner who leases their land to a Lessee . Once the landowner/mineral owner grants a lease, the Lessee then owns the right to the minerals/royalties less the amount negotiated...

Oil/Gas: Lien Holder vs. Oil and Gas Lease, lien holder, first hope
lien holder, first hope, timbercreek: Likely not, unless the lien freezes your bank account or something, but you will not be able to sell the property until the lien is paid off. I assume there is no current lien because you stated the loan is current. If a lien (tax lien especially) is filed...

Oil/Gas: mineral rights, Lincoln, county
Lincoln, county, oklahoma: There was a horizontal (slanted) well drilled in Section 16 called the Anthony 1-9H whose bottom hole ended up in the SW/4 of your section 9. Section 16 and 9 are right next to each other and it s not uncommon these days for a well to have a surface hole in...

Oil/Gas: minerals, palmer tx, timbercreek
palmer tx, timbercreek, mineral company: The records showing ownership of your relative s minerals in Palmer, TX would be in the county clerk s records. You d need to go to the county courthouse and search for his/her name in the index books. All the deeds pertaining to their interest would be indexed...

Oil/Gas: Notice of Hearing, woodford, spacing
woodford, spacing, canadian: Charter Oak, or one of their partners, is probably going to drill a well in section 6 within the next year or so, though that is not guaranteed. They have not only applied for a spacing order (the one you received) but also a forced-pooling order. The latter...

Oil/Gas: Novice receives Oil and Gas Lease Offer - Not a Clue!, roosevelt county montana, marathon oil company
roosevelt county montana, marathon oil company, montana township: Unless you know someone in this area it will be difficult to verify the bonus. however you can go to the State Land Office website and see if you can find some state lands leased near the described lands. that would give you some basis. There isn t...

Oil/Gas: how will new drilling affect an existing well, foot spacing, royalities
foot spacing, royalities, eastern kentucky: Leroy, I am sorry to say that the answer is yes, no, and maybe. If the new well will be in a different formation, that is, deeper or shallower, then it should not affect your well. Since you have production from one well it is likely that the other one...

Oil/Gas: OIL,GAS,MINERAL LEASE OFFER, lease terms in Texas
lease terms in Texas: Sir, I will attempt to answer your questions here. First, the 1/6th royalty is too low. You should not agree to sign an Oil, Gas and Mineral Lease for less than 3/16ths royalty. Currently leases are granted with up to 1/4th royalty. As far as the...

Oil/Gas: Oil Gas Lease.should I or Should'nt I, gas lease, mineral rights
gas lease, mineral rights, cty: If you have an offer that includes you receiving royalties, it is not an offer to buy your minerals but an offer to lease your minerals. If you do not lease, your minerals will be force integrated into a pool and the State will lease for you. I suggest you...

Oil/Gas: Oil/Gas Lease Offer, black bear creek, water ponds
black bear creek, water ponds, decent rate: This is pretty much a new area as far as leasing goes as this section hasn t been leased in the past five years until now. $150 is low compared to other counties, but then other counties have more activity than does Pawnee. That said, I ve seen lease...

Oil/Gas: Oil and gas royalty reservation, oil and gas royalties, royalty owners
oil and gas royalties, royalty owners, gas royalty: I am not familiar with the case law regarding NPRI in your state. My interpretation is that it is a reservation of 1/2 of 8/8 of the royalty produced from wells drilled on the land. it does not provide for pooling the interest with wells drilled on lands...

Oil/Gas: Oil Lease, simon gonzales, royalty payments
simon gonzales, royalty payments, gross acres: It s very difficult to force-pool someone in Texas, though they can more easily drill around you and leave you out of the unit altogether, and thus out of any royalty payments on production. If your minerals are actually on their drillsite tract (the part...

Oil/Gas: Oil lease offer, negotiate, lease
negotiate, lease, offer: Most of the recent wells drilled in this county have been fairly shallow, and thus bonus amounts for such wells will not be as much. I think $100/acre is reasonable but perhaps you could get more. I m really not super-familiar with this area. There appear...

Oil/Gas: oil and gas lease in colorado, oil shale, shell energy
oil shale, shell energy, eastern colorado: I don t know anything about the company. Eastern Colorado is fairly busy with leasing for the oil shale and the J sand plays. wait until the lease bonus gets over $100 and the royalty 1/5. A year or so could mean a lot of money to your mother versus the...

Oil/Gas: oil/gas lease-held by production, district court case, mineral owner
district court case, mineral owner, kansas property: I m fairly familiar with the Questar case. It is a District Court Case out of Mansfield La. It s on appeal. The crux of that case is based in notice to the lessee and then filing suit before the lessee s time had expired to respond to the initial demand...

Oil/Gas: Possible Royalties in Suspense, proper crediting of revenue due
proper crediting of revenue due: I am sorry you are going through this trying time. It is my understanding that any revenue produced during the period of ownership is credited to the person owning it, or their proper heirs. Once the ownership is transferred to someone else, that person...

Oil/Gas: Pottawatomie County OK Lease Offer, pottawatomie county, timbercreek
pottawatomie county, timbercreek, mineral company: I d say $50 is about right. There s not much going on here really. I ve attached a map of the production that s come in since 2007 in the area and as you can see most recent activity is to the SW by a couple of townships. Green dots are oil wells, red are...

Oil/Gas: pooling, mineral rights in a unit
mineral rights in a unit: If your property is included in the oil or gas unit, then you are entitled to royalties. It doesn t matter that the well is not drilled on your land, but only that your land is included in the unit for the well. You can determine what the unit for the...

Oil/Gas: how profitable is oil and gas well industry?, investing in oil and gas
investing in oil and gas: Krish, First you must find someone you know and trust to invest with. Without any knowledge of the business, you could just as easily lose all of your money as to make any. The rates of return can vary from very little to extremely large. Many investors...

Oil/Gas: Questions about pad/drill site., land proposal, arkansas township
land proposal, arkansas township, seeco: The company will drill a well in the section in which you own minerals from a location in an adjacent section, which is a common occurrence. The permit will reflect that the well bore will penetrate your minerals at a point a few hundred feet from the section...

Oil/Gas: Reeves County, fair lease offers
fair lease offers: Jerry, Unless I research the area and the market there I am unable to advise you on this. I would suggest you check with the other landowners in this area and see what they have been offered to see if it is in line with their offers. This is the only way...

Oil/Gas: Roger Mills County, OK, Sell, mineral
Sell, mineral, rights: As I usually tell people, there s often a reason someone contacts you out of the blue to buy your mineral rights. In this case I d say it s due to the activity in the area. There s likely going to be a couple of wells drilled within the next year in several...

Oil/Gas: Royalties, contacting proper authority for wells
contacting proper authority for wells: You should contact the Operator(s) of the wells. If you need to determine who the Operators are, you should contact the Oil and Gas Commissioner s state office for this information. If you can provide their office with the legal description of the property...

Oil/Gas: royalty payments, royalty payments, interest owner
royalty payments, interest owner, timbercreek: It s likely the company that has paid you very little or none is a smaller working interest owner in the well, meaning that they own less of the well and therefore would be responsible for less of the royalty payments than the other company you received...

Oil/Gas: Seismic compensation, seismic, compensation
seismic, compensation: $10 to $15 per acre is a common amount in many areas, though $25 is not uncommon in hotter areas. Check with other owners in the area if possible, or perhaps a local bank, in order to get the going rate for your area. If offered the chance, I would also...

Oil/Gas: Suggested Costs for Pipeline & Right of Way, pipeline, right
pipeline, right, of: Yes, but it s not as good as 25 feet, or as bad as 100 feet. 50 is fairly common, though as I said if it s farmland, the less the better. I d ask them why they need 50 and if they could get by with only 25. If they give you a good reason, then I d go with...

Oil/Gas: shut in provision in oil and gas lease, economical recovery, royalty payments
economical recovery, royalty payments, gas lease: After the end of the primary term hereof, Lessee s right to maintain this Lease in force after the primary term by shut-in gas well payments hereunder shall not continue for any one or more shut-in periods of more than twenty four (24) months in the aggregate....

Oil/Gas: Terry County, TX Lease Offer, continental land resources, mineral interests
continental land resources, mineral interests, southeast quarter: The fact that you own 1/2 instead of 1/4 does not really change the advice I gave you, it just strengthens your bargaining position somewhat. I m not sure where I got 176 from looking back at my previous answer, but I d say it probably doesn t change my...

Oil/Gas: Wells Heirs, Wood County, Texas, exxon mobil corp, wood county courthouse
exxon mobil corp, wood county courthouse, exxon mobil: If you just want to know who is being paid, you can go to the CAD office in Wood County. If you want to research the history, you will need to go to the Wood County courthouse and begin with the early conveyance indices and work your way forward. Exxon is...

Oil/Gas: West Texas Lease, oil business, howard county texas
oil business, howard county texas, nibble: Cobra drilled a well in Section 2 and recompleted it in November of 2009. The well drilled in Section 3 was drilled on an exceptional location 254 feet fron Section 2 and now they ve permitted a second well in the S/2 of Section 2. Things aren t looking...

Oil/Gas: Abandoned Drilling Pad?, timbercreek, mineral company
timbercreek, mineral company, water pond: It s your land of course, but if their lease has not expired I d be careful about doing anything. I d call the lessee and see what s up if it were me, rather than just guessing. I would do that even if the lease has already expired (in which case I d tell...

Oil/Gas: Activity in Robertson County Texas, robertson county texas, viesca
robertson county texas, viesca, mineral interest: The drilling of shale wells in the Haynesville and Marcellus areas of the country by companies trying to hold millions of acres of leases that they bought at high bonus costs is keeping the gas market soft and pundits are predicting a lingering softness in...

Oil/Gas: access road lease, well road running through property
well road running through property: Chip, I don t know what the market value is in your area, but unless you are in the Unit for the Well, and you have granted an Oil, Gas and Mineral Lease on this property, I don t believe they have the right to do this. You should find out by talking...

Oil/Gas: Is area worthy of drilling?, area in Oklahoma
area in Oklahoma: Stephen, I have not studied the well activity in this area. It is possible for you to research the well activity around your area by visiting the following internet website for the State of Oklahoma, Oil and Gas Division: www.occ.state.ok.us/DivisionsOG/newweb/og.htm...

Oil/Gas: Canadian County Oklahoma, canadian, county
canadian, county, oklahoma: My guess would be about $1000/acre and 3/16 royalty for a three-year lease in this area. I ve attached a map showing the current drilling permits that have been issued in the area. As you can see, most of the activity is to the west and north of where you...

Oil/Gas: Concise Seismic Program, seismic study
seismic study: Sammie, A seismic study can be done many years prior to any drilling activity occurring. In fact, if a seismic study shows a fault or reveals a negative aspect of the geographic qualities it may prevent anything from being drilled. It is not safe to assume...

Oil/Gas: Concise Seismic Program, otc bb stock, gas investments
otc bb stock, gas investments, gas professionals: Why would you research a company that had one prospect of rank wildcat acreage and was an OTC BB stock? What if the intital well is a dry hole? If you had read my profile, you would have noted that I do not advise in oil & gas investments, I do not reccomend...

Oil/Gas: Drilling guidance, gyro compass, inclination angle
gyro compass, inclination angle, continuous surveys: Steve, Thank you for using AllExperts. Trigonometry. When the surface location is selected, the coordinates are known and listed in the permit, e.g., X feet from N line & X feet from W line (of the lease), lat/lon, x/y. When the drilling commences,...

Oil/Gas: Duhig law, duhig
duhig: At least a few states have adopted or employ the Duhig Rule, including Alabama, Arkansas, Colorado, Louisiana, Mississippi, Oklahoma, Texas and Wyoming. I do not believe Michigan has adopted the rule, nor am I aware of any Michigan court cases where it was...

Oil/Gas: division order, local police department, energy solution
local police department, energy solution, p2 energy: It is a legal document which describes how the production will be distributed; see below. http://www.mineralweb.com/owners-guide/leased-but-not-producing/division-order/ http://www.statutes.legis.state.tx.us/Docs/NR/htm/NR.91.htm#91.401 If you suspect...

Oil/Gas: Eddy County NM Lease Expired, eddy county nm, fall through the cracks
eddy county nm, fall through the cracks, timbercreek: If your lease actually expired and they want an extension it indicates they still plan to drill a well. If you feel you were shorted the first time you could ask for proportionately more money for the extension. They don t HAVE to lease you however, so...

Oil/Gas: Fair gas rights purchase offer?, sell, mineral
sell, mineral, rights: Hard to say if that s a fair offer or not. You didn t provide a legal description for one thing so I can t locate them myself to see what s going on in the area. It may be that you don t know the legal description, but I could likely determine it by looking...

Oil/Gas: Oklahoma Drilling W/O Pooling?, t pool, proportionate share
Oil/Gas: Oklahoma Drilling W/O Pooling?, t pool, proportionate share, free ride

Oil/Gas: General Woodford Shale Mineral Questions, obtaining information on the Woodford Shale
obtaining information on the Woodford Shale: I have not studied in great deal the Woodford Shale. I don t know what the initial production rates are for new wells and how much they decline the first year, nor the reserves underlying this formation. You can probably enter the words: woodford shale...

Oil/Gas: How is Heirs to Mineral Rights Split, deceased child, heirs at law
deceased child, heirs at law, mineral rights: In an intestate (without a will) succession, depending on the laws of the state in which the property is located at the time of the decedant s death, if the spouse predeceased the decedant, the heirs at law would own the decedant s property. In the case...

Oil/Gas: information for inherited min rights, cordillera energy partners, mineral owner
cordillera energy partners, mineral owner, timbercreek: The immediate area does have production, but all are very small wells. Your section has no production currently. I would make sure that your contact information is up-to-date in the courthouse so that companies leasing in the area will be able to contact you....

Oil/Gas: kiowa county oklahoma, kiowa, county
kiowa, county, oklahoma: I own some minerals in Kiowa County also. They are NW of yours, in 7N-19W. I ve also been waiting for something to happen in this area. I ve been waiting for decades actually ha ha! There was however one old guy back in the 1980 s who wanted to drill a...

Oil/Gas: Lease Offer in Pawnee Co, OK, oil, gas
oil, gas, leasing: Your minerals are located in one of the few areas of the county where there have been producing wells drilled recently. Most drilled since 2009 have been shallow oil wells of less than 4000 feet deep. There are producing oil wells in most of the sections...

Oil/Gas: Lease offer Pottawatomie County, OK, pottawatomie county oklahoma, oklahoma corporation commission
pottawatomie county oklahoma, oklahoma corporation commission, presence of mind: You have been forced pooled and you have the three choices available to you in the letter you received from the operator. Make one of them and return your choice o the operator before the last date to return, on the letter or you will be automatically put...

Oil/Gas: lease offer, canadian, county
canadian, county, oklahoma: There are currently a few rigs actually drilling within a couple of miles of your sections 30 and 31. This is a pretty active area now, with new horizontal wells being drilled down to about 12,000 feet. There are rigs in both section 18 and section 28....

Oil/Gas: Mineral Deed Acreage, determining rights inherited
determining rights inherited: When your father passed away, was a succession opened and his estate probated? If so, the Judgment of Possession would indicate exactly what interests passed to the heirs. If your father s estate was not probated, then you will need to hire a professional...

Oil/Gas: mineral interest formula for 1/8, error in royalty revenue
error in royalty revenue: I do now understand your concern. Unfortunately, in Louisiana you can only go back 3 years to recover any money that is not paid correctly. I don t know how many years you are going back but do keep this in mind. If you believe there is a sufficient amount...

Oil/Gas: Natural Gas Pressure, pressure gauge, well head
pressure gauge, well head, pressure valve: Hi Susan, There may not be enough. My first tendency would be to go with what they say. There are many well owners that tap into the gas but there are several conditions that must be met. Not much in the way of testing needs to be done. You need to know the...

Oil/Gas: Offer to purchase mineral rights, lease offer - Weld County, Colorado
lease offer - Weld County, Colorado: Unless I research the market I cannot advise you - but if you are seriously interested in selling - research would be part of my ordinary course of review. Can you tell me who has made you the lease offer? Is this lease offer in writing? How many acres...

Oil/Gas: Offer to purchase minerals, sell, mineral
sell, mineral, rights: I live in Beckham County, and am pretty familiar with the goings on in this part of western Oklahoma. Apache drilled two very successful test wells to the Hogshooter formation in Beckham County, Oklahoma recently; one being in section 23 as you noted, which...

Oil/Gas: Oil & Gas Lease, arkansas, lease
arkansas, lease, offer: Not much going on in the county unfortunately, which explains why the lease offer wasn t so great. Atlanta Oil Company appears to be the major buyer of leases during the last twelve months, though A Rowe III, Inc. out of Texarkana also bought a few recently....

Oil/Gas: Oil and Gas Lease Value in Louisiana Succession, anadarko petroleum, affidavit of death
anadarko petroleum, affidavit of death, charbonnet: I would use $250 per acre for the value of the leased lands and $50 per acre for the unleased or non producing lands. Don t forget to file an Affidavit of Death and Heirship in the Parishes in which the lands are located. If the lands and/or minerals were...

Oil/Gas: Oklahoma Drilling W/O Pooling?, oklahoma corporation commission, dewey county
oklahoma corporation commission, dewey county, minerls: No, they cannot drill without a pooling order if there remain unleased mineral owners in the unit. However I noted that there is a current pooling application for that section, and your name is on it. I can t tell if an order has been issued yet, but if one...

Oil/Gas: oil and gas lease, advice on leasing property
advice on leasing property: Victoria, Honestly, you are in a vulnerable position if you ask me. Yes, I am a woman, and although I ve been in the business for 28 years, I still feel this industry is a man s world ... If you have over 25 acres that you are trying to negotiate a lease...

Oil/Gas: oil pooling and royalties, weld, county
weld, county, colorado: The permit is for the Garden Creek 15-22H well. It is permitted to 12,410 feet and the spacing unit is made up of the entire section of land and so the royalty will be shared by all the mineral owners in section 22 proportionately. I ve included a page...

Oil/Gas: quitclaim deed of mineral rights, colorado resident, adult daughter
colorado resident, adult daughter, mineral rights: You would be better served having a local landman prepare the Quit Claim Deed. The Deed needs to satisfy the requirements of the state in which the lands are located, the whereabouts of the grantee and grantor are irrelevant. You can find deeds on the internet...

Oil/Gas: Is Recording Deeds Required?, deeds, will
deeds, will, death: Deeds do not have to be recorded in order to be valid, but it is highly advisable, as recording puts others on notice as to who the owner is. The surface estate and the mineral estate can be held together by one owner, or can be separated and owned by...

Oil/Gas: Royalties, texas railroad commission, north richland hills
texas railroad commission, north richland hills, north richland hills tx: Oil and gas companies do not notice anyone about their drilling plans except for the surface owners where they plan to drill. If you receive a Division Order, it means that a well has been drilled that included your lease in a pooled unit. After you sign...

Oil/Gas: Royalty acre vs. Royalty interest, royalty acres, royalty interest
royalty acres, royalty interest, oil royalty: royalty acres is a term derived from early in the oil business when leases were assumed to provide 1/8 royalty for the mineral owner. A 100 acre tract under a 1/8 lease would equal 100 royalty acres. To determine royalty acres multiply the number of acres...

Oil/Gas: Terry County lease contract, contract language, lease contract
contract language, lease contract, acre parcel: I have never seen a clause like that, but if the oil is sour or heavy I could see a producer wanting that language. The same is true for low volume amine plants that treat sour gas to make it acceptable for pipelines to carry. If the oil is a high grade sweet...

Oil/Gas: Transferring mileral rights within a family, manistee county michigan, michigan statutes
manistee county michigan, michigan statutes, quitclaim deed: Sir, I don t feel that I am qualified to offer you an opinion on this. I would recommend you contacting an attorney to advise you in this matter. It will be best if you let an attorney handle this issue in regard to real property. Best of luck. ...

Oil/Gas: Unleased Mineral Owner in Producing Texas Unit, unleased, mineral
unleased, mineral, owner: Unless the well was drilled ON her tract, they could initially have left her out of the unit if they d wanted to (i.e. couldn t reach a lease agreement with her.) However, since that was apparently not their intent, and they ve already filed their pooling...

Oil/Gas: Unleased Mineral Owner's Rights in Texas, unleased, mineral
unleased, mineral, owner: If it were me I d ask for at least double the original bonus for any extensions they want. I usually tell potential lessees that if they don t want to do that then I ll be happy to lease to them again in three years at the THEN CURRENT RATE (which will often...

Oil/Gas: well head on unleased land, rights of operator
rights of operator: Jean, The Oil, Gas and Mineral Lease that you signed allowing the company to drill the well will set out what obligations and rights the company has. You should refer to it to obtain the answers to your questions. Unfortunately many people do not understand...

Oil/Gas: working interest owner, rights of WI owner
rights of WI owner: Sir, This all depends on how the Assignment of Working Interest sets this out. This will be the governing factor. Whatever it sets out in there will be what it is. Read it very carefully. You may need a professional landman or oil and gas attorney to...

Oil/Gas: Arkansas Lease Renewal, MITTELSTAEDT, post
MITTELSTAEDT, post, production: Melanie, you don t want to be paying for post-production costs such as gathering, treatment, compression, processing, marketing, and in most cases transportation in my opinion. Those costs should be borne by the lessee if incurred on the lease itself, or...

Oil/Gas: Barnett Leasing Activity, barnett shale, dave barnett
barnett shale, dave barnett, fort worth star telegram: Without the exact legal description (county, abstract number or name, block etc.) it will take me more time than this forum allows for me to look up leasing in the area of Grissitt Bridge. However, I can tell you that there is current leasing activity...

Oil/Gas: Brokers, t rush, tlma
t rush, tlma, mineral rights: Don t rush into anything; take your time and understand what you are doing, you can use the checklist at the link below to negotiate the best deal. The best way to find out the rates in the different areas is to talk to people who live in those areas and...

Oil/Gas: Caddo County, OK Minerals, should, sell
should, sell, selling: I always appreciate when questioners such as yourself provide information about the offers they ve received. It helps me keep track of what s going on in a lot of different areas, and allows me to help other mineral and royalty owners who view this site as...

Oil/Gas: Contract for oil/gas lease, american association of professional landmen, culberson county texas
american association of professional landmen, culberson county texas, professional landman: It is not clear from your question above, whether the man contacting you is asking for seismic permission or an oil and gas lease. If Chesapeake is the company he represents, then he is probably contacting you to acquire an Oil,Gas and Mineral Lease, which...

Oil/Gas: Brokers, landmen, leases
Oil/Gas: Brokers, landmen, leases, 35 years

Oil/Gas: Gas Leases in Beckham County OK, new wells, perforations
Oil/Gas: Gas Leases in Beckham County OK, new wells, perforations, cement plug

Oil/Gas: letter to buy mineral rights, mineral rights, fitzgerald
Oil/Gas: letter to buy mineral rights, mineral rights, fitzgerald

Oil/Gas: Oil Royalty payment
Oil/Gas: Oil Royalty payment

Oil/Gas: Ownership to mineral acers, mineral interest, patent
Oil/Gas: Ownership to mineral acers, mineral interest, patent

Oil/Gas: Same old story, exxon mobil corporation, lease unit
Oil/Gas: Same old story, exxon mobil corporation, lease unit, exxon mobil

Oil/Gas: Royalty question, land description, mail
Oil/Gas: Royalty question, land description, mail, royalties

Oil/Gas: Seismic service company: best way to trade work for interest, gentleman, oil gas
Oil/Gas: Seismic service company: best way to trade work for interest, gentleman, oil gas

Oil/Gas: Vacuum Pump, vacuum pump, acid treatment
Oil/Gas: Vacuum Pump, vacuum pump, acid treatment, rat hole

Oil/Gas: Gas Leases in Beckham County OK, lease offer is fair
lease offer is fair: Once a well is plugged you cannot go in and unplug it. If someone drilled a well at an earlier time and then plugged it for whatever reason, perhaps now the Operator has new information that will enable it to drill a producing well. Technology has certainly...

Oil/Gas: Gas Well Production Measurements, volumetric flow rate, cubic feet per minute
volumetric flow rate, cubic feet per minute, royalty owners: The majority of producing wells measure natural gas production with an orifice style meter. Orifice meters have no moving parts and are easily serviced in the field. Differential pressure is measured and recorded as gas passes across an orifice plate, creating...

Oil/Gas: General Valuation Multipliers For Working Interest, cooke county texas, mr mcconnell
cooke county texas, mr mcconnell, royalty interest: I ball parked the LOE in my original estimate. I used $70 per bbl as the factor. Higher oil prices mean higher valuations. You can look for between 40 to 60 months net production as your value. BTW, you own 100% working interest in a 85% net revenue lease....

Oil/Gas: gas marketing letter, election to market gas or take in-kind
election to market gas or take in-kind: I applaud your efforts in trying to learn more about conducting the affairs of your mother s business. The oil and gas industry is complicated, as are many other industries, however, and trying to interpret a Gas Marketing Contract is something that is, on...

Oil/Gas: Is this a good offer to lease mineral rights?, pawnee county, renewal option
pawnee county, renewal option, mineral rights: The only way to find out what others in this area are being offered to lease their interests would be to contact landowners in this vicinity. Although the leases will be filed in the records of the County Clerk s office, and you could view what the royalty...

Oil/Gas: Hughes County Lease, royalty contract, hughes county
royalty contract, hughes county, tlma: Ask you neighbors what they got and then use the form below to negotiate your lease. The royalty is based on the production; for example, if you sign the 25% option and the well produces 100 bbls per day then you will receive royalties on 25 bbls and the...

Oil/Gas: inherited minerals through a trustee, Trusts authority in handling oil, gas and mineral leases
Trusts authority in handling oil, gas and mineral leases: Sir, I am sorry for your frustration in dealing with this matter. It is difficult to monitor the actions of a Trustee (the bank) when you do not have a direct relationship with them. First, in what you ve written above, I would say that you should obtain...

Oil/Gas: Lease Proposal - 3S 3W, Sec 6, Carter County, OK, lease offer in Arkansas
lease offer in Arkansas: Sir, I have to agree with you in that I do not think the offer of $77.00/net acre is in line with the market at all. I would suggest that you counter at $150/net acre and 1/5th royalty, for a 3-year lease. If they want you to agree to an Option also, for...

Oil/Gas: Leasing rights offer, pawnee county, royalty fees
pawnee county, royalty fees, renewal option: It means that 20% of 8/8 is your royalty. In Oklahoma onedoesn t have the opportunity to spend a lot of timwe negotiating, as the company once reaching 64% of the mineral ownership under lease can apply to the OCC for force pooling of the unit to be drilled....

Oil/Gas: land owner rights, erosion problems, combs ky
erosion problems, combs ky, oil lease: You need to review the lease contract and see what your rights are. Once that is completed (and you are certain that your rights have been violated) then you can file a complaint with the Kentucky DNR; ask to speak with Marvin Combs. Marvin.Combs@ky.gov...

Oil/Gas: lease terms- taxes, production taxes
production taxes: No. The taxes that are referred to above are due on the production, and the Operator is deducting your percentage due, from your net production instead of you being responsible for paying your share of this tax separately. A provision in the standard Oil,...

Oil/Gas: letter to buy mineral rights, sale of minerals
sale of minerals: Patricia, I believe it is always a good idea to know what your options are. If you are in need of a cash lump sum payment that will benefit you now, selling all or a portion of your mineral interests will give you that. Consider it as trading one asset...

Oil/Gas: Marshall County, OK Lease Offer, Marshall, County
Marshall, County, Oklahoma: Oteka, as to whether it s a good lease offer or not, please re-read (hopefully you read them the first time)the instructions from the expert that should have been visible before you submitted your question. They state in part that I really need a legal...

Oil/Gas: Mineral Lease Offer in Lea County, NM., bluebook value, distant cousins
bluebook value, distant cousins, independent land: Years of experience with undivided interest owners in tracts have taught me that owners should deal with their interest and let everyone else do the same. This is an oil field and they won t be force pooling for oil wells. Yates,et al have owned the leases...

Oil/Gas: Mineral Rights, lease offer
lease offer: Sir, perhaps prior to you acquiring the property, half of the minerals were already conveyed out and consequently when you acquired the property, you only acquired half of the minerals. Perhaps you are reading the language in the deed whereby you acquired...

Oil/Gas: Mineral Rights., geophysical survey, mr mcconnell
geophysical survey, mr mcconnell, interest questions: Not knowing the title history of the lands in question, I would assume that your co-tenancy with someone else would mean you own an undivided one half interest. The lease offer is for your interest under both tracts. Since they have shot seismic over the...

Oil/Gas: Mineral Rights, mr mcconnell, mineral rights
mr mcconnell, mineral rights, dear mr: If a company is contacting you and your fiance about leasing this land, they will need your signatures on the lease. Tell them if they want your signatures they need to furnish you a mineral ownership report about that tract. It s public record, so they...

Oil/Gas: Mineral Rights, lease terms in Texas
lease terms in Texas: In order to determine who owns the other 50% interest, a mineral title examination would need to be conducted. This requires either a landman or an attorney to conduct the examination, which could be costly, depending on how complicated the title is,i.e.,...

Oil/Gas: Mineral rights., time bonus, tlma
time bonus, tlma, mineral rights: Use the form below to negotiate your lease; the only way to obtain information about the going rates is to ask your neighbors. The information about the ownership of the mineral rights can be found in the county courthouse. http://www.tlma.org/oilgasleasechecklist.pd...

Oil/Gas: mineral rights value, pittsburg county ok, mineral rights
pittsburg county ok, mineral rights, cpa firm: If the minerals were non producing, you can use two and one half times the last lease bonus to value them. In 1997 that was probably $100-$150 per acre for bonus. You can probably contact a CPA firm in McAlister and ask what they normally use to determine...

Oil/Gas: NEGOCIATING, what is commencement of operations?
what is commencement of operations?: Commencement of operations can be: preparing the site for use, laying roads into the wellsite, moving gravel on the land to be used in the laying of the road - the most important thing being here is: This commencement of operations has to be before the...

Oil/Gas: Oil Leases, lease terms
lease terms: If your 65-acre tract was a significant size in relation to the unit for the well then it would have some bearing on the expiration of the lease and the planned drilling of a well. However, since most units are greater than 500 acres, I don t believe your...

Oil/Gas: Oil Payment Distribution Between Working Interest Owners, carter county oklahoma, royalty distribution
carter county oklahoma, royalty distribution, royalty owners: Normally the parties have a Joint Operating Agreement that sets out the terms and conditions of how the well is operated and how the proceeds are distributed. I normally advise against non professionals owinging working interest. In your case the operator...

Oil/Gas: Oil Royalty payment, san patricio county, oil royalty
san patricio county, oil royalty, royalty payment: The well has produced every month in 2009. Send the operator a certified letter demanding all royalties due and owing be paid within thirty days from receipt of the letter. Tell them you know of no title problems and if there are to send you the applicable...

Oil/Gas: Ownership to mineral acers, determining current interest in property
determining current interest in property: Each time a transfer of ownership involving the property occurs the document or deed is filed at the County Clerk s office, where the property is located. Apparently, there was a transfer (sale) of a portion of the interest which resulted in your Grandfather...

Oil/Gas: oil/gas lease, Obtaining oil and gas lease on property
Obtaining oil and gas lease on property: Let me study the area and see who may be interested in acquiring leases in this area. I will answer you with that information shortly. I have reviewed the well activity around this area and there does not appear to be any drilling activity in Cleburn County,...

Oil/Gas: oil lease discription and terms, lease terms
lease terms: Dan, The reason they are asking you to sign a lease that is back dated is because apparently they have been producing a well without your interest being leased. This means, that instead of the royalty which will be provided for in your lease, that is...

Oil/Gas: Same old story, exxon mobile, royalty payments
exxon mobile, royalty payments, tax liabilities: Who endorses the checks sent to your deceased grandmother? Do you realize the income tax liabilities that are being created by cashing or depositing checks sent to people who are deceased? I suggest you hire an attorney and try to straighten out what is...

Oil/Gas: Paragraph on Oklahoma Division Order, oklahoma, pooling
oklahoma, pooling, division: Val, I always try to get companies to send me the NADOA Standard Form Model division order, which doesn t have any extra language such as this. Frankly I m not sure what the paragraph means exactly. It appears to state that if the well is producing from...

Oil/Gas: Payment Division Between Working Interest Owners, carter county oklahoma, royalty distribution
carter county oklahoma, royalty distribution, royalty owners: Tim, if it were me I d be more likely to go with letting Pacer pay me, rather than some WI owner I didn t know (but perhaps you do?) Also I d want to check the JOA if applicable to see what it has to say about it. If you know or can verify the other 50%...

Oil/Gas: Prescription in Lousiana, contiguous tract, dry hole
contiguous tract, dry hole, continuous production: 1. The person/s reserving minerals own the minerals for ten years after the cessation of production. 2. If there had been no production for more than nine years and a well had been drilled on a tract pooled with the servitude tract, only that portion of...

Oil/Gas: Royalty expectations, royalty issues, royalty check
royalty issues, royalty check, proper paperwork: They can include all or part of your lands in a unit or units unless you have made provisions for this in the lease. Ask the person you are dealing with in the Division Order matter to give you the phone number and name of the landman in charge of this area....

Oil/Gas: Royalty question, wise county texas, acre unit
wise county texas, acre unit, acre plot: The Covington well is istuated on your lands and produced some gas and oil. There has been no reported production since January 2009. I think you should ask them to make the unit smaller or include your entire tract in the unit. I think you shpould ask...

Oil/Gas: royalty payments and ratification, signing a Ratification
signing a Ratification: Usually a Ratification of an Oil, Gas and Mineral Lease is curative instrument that is clearing up some type of title issue. By executing the Ratification you are ratifying an act that has already been entered into by some other owner. Apparently, some...

Oil/Gas: Seismic service company: best way to trade work for interest, oilfield service companies, north american prospect expo
oilfield service companies, north american prospect expo, drilling prospects: Interesting product you have there. If I were an E&P company or geologist with a prospect I d sure be interested in taking a look myself. Legacy seismic data would likely be a bargain compared to the price of running new seismic. I think your best bet is...

Oil/Gas: SPLITTING MINERAL RIGHTS, marcellus shale, surface owner
marcellus shale, surface owner, ingress and egress: Both of you have the power (executive rights) to lease the land. The reservation of minerals in a deed means that the one reserving has the right of ingress and egress to the lands to develop the minerals. The amount reserved has nothing to do with the rights...

Oil/Gas: SURFACE OWNERS RIGHTS, road speed limit, water truck driver
road speed limit, water truck driver, radar gun: Create a video of the pumper speeding on your road and mail it to the oil company and the pumping company with a letter requesting a different truck driver; also, when you renew your lease you can add a clause that will allow you to collect a hefty fine from...

Oil/Gas: How does this sound to you?, continental land resources, jackson county oklahoma
continental land resources, jackson county oklahoma, edmond oklahoma: Simply do a search on the Internet for sell mineral rights ; here are three websites that I found by doing this. http://www.royaltyclearinghouse.com/bid.htm http://www.mphproductioncompany.com/offer.html http://phillipsenergypartners.com/sell-your-mineral-rights...

Oil/Gas: surface rights, Surface Owner Rights
Surface Owner Rights: Sir, If the surface is owned separately from the minerals, the surface owner does not have the right to any mineral revenues. The only right you have, are for surface rights, which are: a) Surface Damages. Surface damages are calculated at the market...

Oil/Gas: Transferring Ownership of Oil Well, transfering ownership
transfering ownership: The legal document transferring the ownership, i.e., Assignment, Bill of Sale and Conveyance, needs to be recorded in the county clerk s office where the property is located. Once this document has been recorded, providing the Operator with a recorded copy...

Oil/Gas: Vacuum Pump, pressure decreases, vacuum pump
pressure decreases, vacuum pump, wellbore: When a well is brought on to production, initially the pressure in the reservoir is high enough to sustain production and keep fluid out of the wellbore. However, as the reservoir is depleted over time, the pressure decreases and this allows water to enter...

Oil/Gas: yates re-record lease because of typographical errors, Being asked to sign a misrepresented legal document
Being asked to sign a misrepresented legal document: Mam, Based on the information you have provided, it appears that you were asked to sign a legal instrument under misrepresentation, and this is illegal. A Top Lease is not the same thing as an Act of Correction . An Act of Correction corrects an...

Oil/Gas: $5000.00 Lease/Royalty Offer, beckham county oklahoma, royalty bonus
beckham county oklahoma, royalty bonus, mineral deed: You are describing a term Mineral Deed, wherein if there is production at the end of the 12 years, the deed remains in effect until the production ceases. If your lease expires, they get to lease the lands for the duration of the term. I have no idea as...

Oil/Gas: Adding pooling to existing gas lease, pooling agreement
pooling agreement: Without having your 1988 gas lease to review, I am not fully able to advise you where you may have some negotiating rights. However, it is my understanding, that if you do not agree to a pooling agreement, the Operator may have the right to form the unit...

Oil/Gas: Affidavit of Non Production, determining ownership in minerals
determining ownership in minerals: Your question did not provide me with the state that this property is located in. Each state operates under their own mineral laws. Mineral laws can be very tricky and it usually requires an attorney or professional landman to discern the property ownership....

Oil/Gas: Atoka County, OK OGL Info, oklahoma, corporation
oklahoma, corporation, commission: You can go to the courthouse in Atoka County and look at your wife s lease in person. It would be filed there in one of the books, and you could also make a copy of it. You might be able to call the county clerk s office and ask someone to just put your wife...

Oil/Gas: Canadian County, OK Leasing, leasing section, mineral owners
leasing section, mineral owners, mineral acres: Corporate Headquarters Devon Energy Corporation 20 North Broadway Oklahoma City, OK 73102-8260 Tel: 405-235-3611 Fax: 405-552-4550 When someone answers the phone, tell them you are a mineral owner, and ask to speak with whoever handles their leasing...

Oil/Gas: Comanche County, OK Lease Offer, comanche county oklahoma, bonus amounts
comanche county oklahoma, bonus amounts, southwest quarter: Thomas, that s not a bad offer for that area, especially with a 1/4 royalty. That s just my opinion of course though, and the best thing for you to do would be to check around with other mineral owners in the area and see what they were offered, and from whom....

Oil/Gas: Contract prior to gas lease offer, preparing a lease contract
preparing a lease contract: In my opinion, sir, this is not necessary. The oil and gas companies desiring to obtain oil, gas and mineral leases from mineral owners usually use a standard industry lease form, and if there are special provisions you would like added, then, at this...

Oil/Gas: Expropriated Land, caddo parish louisiana, local government agency
caddo parish louisiana, local government agency, royalty rate: from the sound of it, you own the minerals, all of them. Those minerals are subject to the terms of the existing producing lease, which has no depth severance clauses. Your lease is Held By Production until cessation of production from all horizons. Whoever...

Oil/Gas: exclusive option, Option to Lease
Option to Lease: No - if their exclusive option period has passed, you are under no obligation to sign anything further with them. If they are asking for another option , I would recommend that you consider working with some other companies who may be interested. ...

Oil/Gas: Affidavit of Non Production, laywers, pennsylvania
Oil/Gas: Affidavit of Non Production, laywers, pennsylvania, gas rights

Oil/Gas: Atoka County, OK OGL Info, legal location, web page
Oil/Gas: Atoka County, OK OGL Info, legal location, web page

Oil/Gas: Gas leasing and royalties, south sections, lease rights
Oil/Gas: Gas leasing and royalties, south sections, lease rights, dfw area

Oil/Gas: gas lease, pipeline row,seismic testing, gas conservation, gas act
Oil/Gas: gas lease, pipeline row,seismic testing, gas conservation, gas act, carrizo

Oil/Gas: Kern County, CA Minerals, james bowman
Oil/Gas: Kern County, CA Minerals, james bowman

Oil/Gas: mineral leases, acre, royalty
Oil/Gas: mineral leases, acre, royalty, 3 years

Oil/Gas: Oil Royalty Offer, sophisticated buyers, mineral rights
Oil/Gas: Oil Royalty Offer, sophisticated buyers, mineral rights, oil and gas

Oil/Gas: Pennsylvania Dorman Minerals, quantities
Oil/Gas: Pennsylvania Dorman Minerals, quantities

Oil/Gas: partitioning of mineral rights, mineral interest, four generations
Oil/Gas: partitioning of mineral rights, mineral interest, four generations, birth right

Oil/Gas: Weld County CO mineral righrs
Oil/Gas: Weld County CO mineral righrs

Oil/Gas: Gas leasing and royalties, lease offer in Pennsylvania
lease offer in Pennsylvania: Oh my gosh - hold up, hold up, hold up - I don t like what any of them are telling you -and, I don t think the 15% royalty is acceptable. If you can provide me with the Section, Township and Range of the property, I will review the activity around the...

Oil/Gas: Gas Well, shale rock, bottom of the well
shale rock, bottom of the well, overload conditions: You can either try to slow the water production OR install a bigger pump. There are various techniques used when trying to shut-off water, but the most common is to use cement. Typically, the water comes from the bottom of the well and the gas comes from...

Oil/Gas: gas lease offer, lease terms
lease terms: I think it is in your best interest to realize that if your demands are unreasonable, the company may decide to move into another area. However, you should always try to negotiate the best terms you can for yourself, and in order to do so, you should contact...

Oil/Gas: gas lease, pipeline row,seismic testing, leasing with another company other than operator of unit
leasing with another company other than operator of unit: This is a very good question, and I wish I had considered this more before I had signed a lease on some of my personal property. If Carizzo owns the majority of the acreage in the drilling unit, they will Operate the well. At the time that Carizzo plans...

Oil/Gas: gas mineral rights, marcellus shale, northern pennsylvania
marcellus shale, northern pennsylvania, tlma: You are probably in an area called the Marcellus shale and that area is really hot right now; see the link below for more information. http://www.dep.state.pa.us/dep/deputate/minres/oilgas/new_forms/marcellus/marcellus.htm Use the link below to negotiate...

Oil/Gas: gas/oil lease, transfer of heirship property
transfer of heirship property: Dear Sir: “Marketable Title” is defined as “title free from apparent defects, grave doubts and litigious uncertainty, and consists of both legal and equitable title deducible of record”. In ordinary application, it means title vested in the grantor without...

Oil/Gas: Who hires rookie landmen?, getting hired as a landman
getting hired as a landman: I do understand your frustration and I admire your drive to accomplish this. If you could find one of the large land brokerage companies working for a company like Chesapeake or Petrohawk, usually they have the ability to take a beginner and put them...

Oil/Gas: Jefferson County (Savery A-46) Exxon property west of Beaumont Airport, beaumont municipal airport, mr mcconnell
beaumont municipal airport, mr mcconnell, anamolies: The seismic data is proprietary information owmed by the people that license it. The play is the down-dip Yegua, which the companies have found at a point south of previous production from this zone. These anamolies can be anywhere from a few acres to 200+...

Oil/Gas: Kern County, CA Minerals, kern county ca, bakersfield ca
kern county ca, bakersfield ca, stockdale hwy: Alex, I m really not that familiar with valuing California mineral rights, though I think the western part of Kern County is where most of the county s production is. You d probably be able to find out as much as I using Google to search for the state agency...

Oil/Gas: lease addendum, mineral acres, gas lease
mineral acres, gas lease, questar: I think it is very generous of Questar to offer you this after you have signed the lease. Questar from my observations tries to maintain good relations with their lessors, something that companies like Chesapeake don t do. I suggest you sign the addendum...

Oil/Gas: Mineral rights lease offer in MS, Lease offer in Mississippi
Lease offer in Mississippi: Sir, I will provide answers to your questions which are numbered in accordance with your questions: 1) You can check with your state oil and gas commission and inquire as to the drilling activity; 2) If you contact your state oil and gas commission through...

Oil/Gas: Miss on bonus lease, texas railroad commission, mineral interest
texas railroad commission, mineral interest, best bet: Unless you are leased a company cannot pool your mineral interest with other interests. You either have to be leased or ypou can commence an action with the Texas Railroad Commission under the Mineral Interest Pooling Act. Leasing is your best bet as the...

Oil/Gas: mineral leases, grayson county texas, mineral leases
grayson county texas, mineral leases, mineral interests: The only way to know if this is a reasonable offer is to ask around and see what other people in that area are getting; use the checklist below to negotiate your lease. If you need additional assistance call Robert at 337-230-2793. http://www.tlma.org/oilgasleasechecklist.pd...

Oil/Gas: Nacogdoches County Texas lease offer, nacogdoches county texas, goodrich petroleum
nacogdoches county texas, goodrich petroleum, desoto parish: 1. strike the warranty language in the lease form. 2. $500 and 1/4 royalty 3. They aren t unless they are producing 4. East Texas is prolific in gas plays and always has been 5.Having your family members execute a mineral deed in your favor. You don...

Oil/Gas: Offer to buy mineral rights, barnett shale, lump sum payment
barnett shale, lump sum payment, bonus rates: Your lands have three horizontal wells drilled in the oi;y part of the Barnett Shale. There is are 2 wells less than a mile west and 1 well less than a mile south of your lands, drilled in the past two years. If I were you I would not sell at this time,...

Oil/Gas: Oil & Gas Lease Request, gas lease, surface damage
gas lease, surface damage, lessor: A lease is a legal document that is binding between the parties. The terms must be honored. I would recommend that you not accept this first offer, but counter at $100/acre and 1/5th royalty. Also, tell him that you want: a) a Vertical Pugh Clause -...

Oil/Gas: Oil, Gas and Mineral Lease, bank draft
bank draft: Jody - Don t be afraid to provide your social security number to this company for the lease. In order for them to pay you, they must have your social security number. I don t blame you about being concerned with the fee for the bank draft when the total...

Oil/Gas: Oil Lease Comanche Co, Okla., lease offer
lease offer: Section 9-3N-9W is about 4 miles east of Section 12-3N-9W. In order for a property to be impacted by another section, it should be adjacent - I don t know what the market rate for leasing is in your area, but Section 14, where they offered $350 and 3/16ths...

Oil/Gas: Oil Royalty Offer, oil royalty, royalty interest
oil royalty, royalty interest, drilling activities: Hard to tell for SURE what the WSJ ad is for, but it sounds as if the owner is selling his or her mineral rights; otherwise there probably would have been a term limit of ten years, twenty years etc. Royalty deeds are usually not perpetual. $32,500 doesn...

Oil/Gas: Oil right of way on land, mineral owners, half section
mineral owners, half section, timbercreek: A right of way (ROW) is usually perpetual though some do have time limits. Right-of-ways are usually filed of record in the county courthouse in the county where the land is located. In order to remove an active right-of-way, you d need to get the owner...

Oil/Gas: Oklahoma Oil lease, Roger, Mills
Roger, Mills, leasing: $1750 and acre and 1/5 is fair ; but I think you may be able to get more. Bonus amounts in 11N-25W went from $750 per acre and 1/5 to $3000 per acre and 1/5 in just a couple of weeks last month. SOMETHING is going on in that general area. 11N-24W is close...

Oil/Gas: oil lease, pecos county, oil company
pecos county, oil company, siblings: This depends on when they decide to drill in your area (note - there is a possibility that they will never drill a well on your land); you can search the website below for activity in your area. http://webapps.rrc.state.tx.us/DP/initializePublicQueryAction.d...

Oil/Gas: oil leasing, mountrail, north
mountrail, north, dakota: Harvey, you probably know more about lease bonus amounts in the area than I, and you also didn t provide me with a legal description, or even a county. I am guessing you may own minerals in 157N-89W and perhaps 157N-90W of Mountrail County based on some lease...

Oil/Gas: Payne County, OK Lease Offer, new leases, bonus amounts
new leases, bonus amounts, oklahoma township: It appears that Universal/Calyx is renewing many of their expiring leases in this section, indicating to me that they plan to drill a well before these new leases expire. A forced-pooling application (needed to force any non-consenting or unlocatable owners...

Oil/Gas: Pennsylvania Dorman Minerals, adverse, possession
adverse, possession, dormant: Steve, Pennsylvania s Dormant Oil and Gas Act, adopted in 2006, is the closest thing the state has to a dormant mineral act. Nothing in the Dormant Oil and Gas Act will allow you to claim these lost minerals under your land however. The only way you...

Oil/Gas: Pipeline right-of-way, granting right of way
granting right of way: I don t believe so sir. Especially if the ROW will be placed on your property that can be developed. Although different areas demand different amounts - I would highly recommend that you counter their right of way offer with much more. As for the surface...

Oil/Gas: Previous Question, locating another questioner on AllExperts
locating another questioner on AllExperts: Sir, I will be happy to send him your email address, but your email address is not contained within the body of this email. Therefore, please email me directly with your email address to: lfitzgerald@iliosresources.com, and I ll be happy to pass it on to...

Oil/Gas: partitioning of mineral rights, Partitioning Mineral Interests
Partitioning Mineral Interests: For the various reasons you include in your email, I would suggest that it would make things less complicated for your family if you went ahead and partitioned all the mineral interests. When the property becomes so divided amongst so many people it naturally...

Oil/Gas: Ratification of oil, gas and mineral lease, Ratification of Oil, Gas and Mineral Lease
Ratification of Oil, Gas and Mineral Lease: You have an opportunity to negotiate some better terms for your interest if the company is asking you to sign a Ratification of an existing Oil, Gas and Mineral Lease. If you will provide me with a copy of the Lease they are asking you to ratify, I will...

Oil/Gas: Royalties and price, suspense, marketable
suspense, marketable, title: Continental is basically saying your wife probably can defend her title to these minerals, but it is not a certainty. There is apparently some sort of cloud over her title, casting some doubt as to whether it can be proved that she owns these minerals....

Oil/Gas: What to do with share in a well with poor production, mineral owner, rules of thumb
mineral owner, rules of thumb, old wells: There is risk (and potential reward) in keeping your working interest. There are many things that could happen really. The costs you mentioned could be indeed be incurred, and could run into the thousands of dollars. It s also possible the well will continue...

Oil/Gas: sheriff sale of "real property", life, estate
life, estate, heirs: Are you sure the minerals were not included in your great aunt s life estate? Just because they were not mentioned does not mean they were not included. If she owned them at the time the life estate was created, and they were not specifically excluded, then...

Oil/Gas: Texas Royalties in Suspense, missing, money
missing, money, intestate: Since your great uncle had no will, his wife and kids (if any) would have inherited his estate. If he had no wife or kids, then likely his brother would be next in line. You d really want to check the Texas intestacy laws before jumping to conclusions however,...