About Experts Sitemap - Group 39 - Page 16 2016-02-02

Oil/Gas: net profit, mineral royalties, mineral royalty
mineral royalties, mineral royalty, royalty owners: Lois In your first example, the mineral owners royalty is 1/5. If you meant to ask what the mineral owners net decimal interest is in a unit with a 1/5 royalty, here is how you calculate that: take the mineral owners net acres and divide it by the number...

Oil/Gas: oil and gas involved in a contract, mineral rights, rpl
mineral rights, rpl, cmm: It means the buyer will not be getting any of the mineral rights under the property being purchased, since they apparently were previously reserved by a former owner of the property. In other words the buyer will be getting all the property SAVE AND EXCEPT...

Oil/Gas: Oil and gas lease, Prior purchaser, escheated funds
Prior purchaser, escheated funds, NACO.org: I m afraid I cannot directly help you with part one of your question for abfew reasons. First, I didn t take note of the state/county of the area in question. In Texas we have the Rail Road Commission (www.rrc.state.tx.us/). This is a good resource for many...

Oil/Gas: oil/gas in North/South Dakota, oil and gas landman, deed records
oil and gas landman, deed records, national registry: There is not a national registry. Oil companies and individuals are required to record the ownership of minerals and leases only in the county in which the property is located. In order to verify the ownership you will have to hire an oil and gas landman...

Oil/Gas: Oil Royalities - lease, texas railroad commission, gaines county
texas railroad commission, gaines county, landman: There is no good news for you today. Your question - Where can I go to find out how many acres I have Answer - you will need to go to the courthouse and do the research to determine what you were granted, the amount you conveyed and what remains...or,...

Oil/Gas: old oil lease, Terms, held by production
Terms, held by production, rentals: If I am understanding your question correctly Texaco lost this lease from 1973 because they left suddenly and were not either holding it by production or paying anything to keep the lease active. The option to release for the next 50 years part has me a...

Oil/Gas: Past royalties?, stephens county oklahoma, interest owner
stephens county oklahoma, interest owner, gas lease: In the typical situation the answer is yes - he should be entitled to any funds which should currently be held in suspense. If your husband owned the minerals at the signing of the lease and we can presume that he did because they are wanting him to sign...

Oil/Gas: Quitclaim Deed, dickens county, maternal grandmother
dickens county, maternal grandmother, gas lease: If she has been granted the land then it appears to just be a bully move. Perhaps you could attempt to find out why she they want her to sign a quit claim deed. I would imagine that you will create friction if they want something and you will not give in...

Oil/Gas: Reclaim Non-Producig Mineral Rights, leasing activity, mineral owner
leasing activity, mineral owner, mineral rights: The only way to obtain the mineral rights would be to buy them from the current mineral owner once the attorney finds out who it is. You could also search the county clerk s records yourself of course to determine who the current owner is. Just because mineral...

Oil/Gas: Royalty interests, affidavit of heirship, royalty interest
affidavit of heirship, royalty interest, caddo county: The affidavit was a good idea, as it will help put anyone searching the area on notice that you have inherited them and that they should now contact you and your brother concerning these rights, rather than your father. Selling them is of course an option,...

Oil/Gas: Royalty Lease Shale, gross production, severence
gross production, severence, priveleges: The language is indeed for the gross production minus the severence taxes because the words in the document state ...the sale of ALL oil, gas, and condensate produced. The lease probably also states that the operator has the right to use natural gas free...

Oil/Gas: How to transfer a working interest, working interest divestiture
working interest divestiture: Yes - there is hope. There are online auctions that you can go on and divest yourself of the interest. You would basically put the property in as a no-reserve and see what you can get. Here is the web address for one that I know of that has pretty good...

Oil/Gas: Understanding Lease Terms, kicker 2, royalty payment
kicker 2, royalty payment, integration clause: I wouldn t suggest agreeing to a five year extension option unless they are willing to pay you at least TWICE what they are offering for the first five years if they decide to extend. A depth clause shouldn t be a problem. If they won t agree to that I wouldn...

Oil/Gas: Activity in Lincoln Co, OK Sec 6 TWP 14N, oklahoma corporation commission, leasing activity
oklahoma corporation commission, leasing activity, lincoln co: No new drilling activity or leasing in your section, though there are still several producing wells there, one in part of the SE/4 and one in part of the SW/4. Both are very small gas wells and unless you own within their spacing units of less than 80 acres...

Oil/Gas: Affidavit of Heirship - Mineral Interests - Property Descriptions, exact property, mineral interests
exact property, mineral interests, mineral lease: I would ask each oil company for a copy of the recorded lease document (scanned is usually easy for them to do) or ask them for the references so you can obtain copies. When they give you the document numbers then you will have the reference information....

Oil/Gas: Colorado oil pipeline easement, washington county colorado, colorado state board
washington county colorado, colorado state board, pipeline company: A rod is 16.5 feet and the $130/rod is the highest price I ve heard of in Washington County for a right of way. That is $7.88 per foot which is pretty nice. Now the $1.00/foot prices that I ve seen are for smaller gathering lines and not a main trunk line....

Oil/Gas: Affidavit of Heirship - Mineral Interests - Property Descriptions, affidavit of heirship, parents names
Oil/Gas: Affidavit of Heirship - Mineral Interests - Property Descriptions, affidavit of heirship, parents names, heirs at law

Oil/Gas: lease, true leases
Oil/Gas: lease, true leases

Oil/Gas: geophysical permit to search has worrisome clause, st landry parish, right of first refusal
st landry parish, right of first refusal, mineral rights: Johnny The amount that you were offered for a seismic permit is in line with market rates. I myself have granted seismic permit agreements for the same price. It does not allow anyone to drill an oil or gas well on your property. You are wise to check with...

Oil/Gas: Jefferson County, OK Lease Offer, gross acres, plugh
gross acres, plugh, south dixie: You actually want to ask for either a depth clause, or a HORIZONTAL Pugh clause. Since even oil companies commonly misinterpret vertical vs. horizontal Pugh clauses, I d stick with depth clause since everyone knows what that means. With only 1/3 of...

Oil/Gas: Landman/Leasing, chesapeake office, brokerage company
chesapeake office, brokerage company, lease agreement: It does seem a little fuzzy but generally the answer is no. The majors hire a land company to conduct their title and leasing review and get as many signed up as possible. As things in the corporate Chesapeake office change they move and remove brokers....

Oil/Gas: lease, anderson county texas, bonus payment
anderson county texas, bonus payment, google: The only way you know if this is legitimate is if the check for the bonus payment clears the bank. As for the bonus amounts - $150 is the highest I ve heard being paid in Anderson County with 16.67% royalty. If you can get those numbers then I d take them....

Oil/Gas: Leasing, gas lease, oil and gas
gas lease, oil and gas, bankruptcy: George, I do not have a bankruptcy clause to furnish you with. It is unclear to me whether you want the Bankruptcy Clause for your position, or the Operator s. If you would like to provide me with additional information I will try to help you. Thank...

Oil/Gas: Logan County, Ok, logan county oklahoma, oklahoma corporation commission
logan county oklahoma, oklahoma corporation commission, oil gas production: I am afraid that I cannot tell you much on this. I am not a Landman and am have never been in the field. I have no way of knowing who may be prospecting. Check your neighbors? I just Googled Logan County Oil & Gas Production myself and found this site...

Oil/Gas: Mineral acrage, title abstractor, royalty checks
title abstractor, royalty checks, mineral deed: Roland, In order to determine what your mother-in-law owned at the time of her death in mineral rights, a professional oil and gas mineral title examiner would have to research the real property records of the County/State, where the mineral interests are...

Oil/Gas: Mineral interest deals, interest deals, mineral interest
interest deals, mineral interest, carter county: Best way to find out what they re really worth is to get them in front of more potential buyers. Listing them on my website, the MinerL Hub, is a great way to do that and as a client (free to list though) I will also help evaluate any offers that come in...

Oil/Gas: mineral owner, mineral owner, title question
mineral owner, title question, oklahoma statutes: They will not have to pay for attorney fees, since there was apparently a title issue that needed curing by means of the cross-conveyance. They should however, pay you at least 6% INTEREST on any funds they were keeping in suspense due to the title question....

Oil/Gas: Mineral rights, uintah county utah, minerals company
uintah county utah, minerals company, gas operator: The only way to know for sure is to check or to have the Public Records in Uintah County checked by someone familiar with mineral interest. You would have to pay a landman or an oil and gas attorney to review the records and determine the number of acres...

Oil/Gas: Mineral Rights, oklahoma corporation commission, gas database
oklahoma corporation commission, gas database, mac answer: $500/acre is probably a decent offer. I ve heard of $250 being offered in nearby townships. I d try to get them to drop the 2-year extension option though unless they re willing to pay you at least $750/acre if they exercise it. Calvin Energy is also leasing...

Oil/Gas: mineral rights in Pontotoc County OK., pontotoc county oklahoma, crown energy
pontotoc county oklahoma, crown energy, mineral acres: Crown Energy is the omly company I see that has filed leases recently in your section, though a company called American Energy is also leasing nearby, though could be just another version of Crown I don t know, but you might contact them to see if they d offer...

Oil/Gas: Mineral Rights Transfer to Daughter, mineral deed, county court house
mineral deed, county court house, mineral interests: You can simply have your local attorney in Maryland draft an Oklahoma-compliant mineral deed or quit-claim mineral deed transferring the interest from you to your daughter. You could actually do this without an attorney but I would recommend using one unless...

Oil/Gas: minerals on property, mineral estate, title search
mineral estate, title search, severed minerals: Thomson P, The only way to know if there are minerals associated with a property is to conduct or have a mineral title search conducted. An explanation of this process is on my blog page on my website found below. You can do this but you must be there...

Oil/Gas: Where is my money!, oil and gas, mineral lease
oil and gas, mineral lease, mineral deed: You have not provided any details about the name of the company with which you are trying to do business. I cannot imagine any valid reason for a legitimate company to ignore your 20 phone calls. Unfortunately, you may have been the victim of a scam...

Oil/Gas: NAKED OWNERSHIP OF PROPERTY, parish courthouse, state of louisiana
parish courthouse, state of louisiana, sheri: Sheri, If the documents say that you get ownership and those have been filed of record in the Parish Courthouse Clerk s office then you should be OK. Of course, her kids can fight you all day long so make sure those documents are recorded and you have...

Oil/Gas: natural gas units, nieghbors, operating agreement
nieghbors, operating agreement, company b: Who pays you is a component of their company joint operating agreement between Co. A and Co. B. You will be paid if they include you in the production unit. Keep in contact with the company you leased to and make sure they are working to get you included...

Oil/Gas: Net vs. Gross royalty payments, gross royalty, royalty payments
gross royalty, royalty payments, issue one: Just tell them you want a no deductions clause in your lease. That will take care of the post-production costs issue if they abide by the clause. If they don t, then you would have to take them to court in order to enforce it, but better to have it in there...

Oil/Gas: Oil & Gas Lease Offer Request, petroleum landman, franklin county illinois
petroleum landman, franklin county illinois, coal rights: 1. They probably haven t done a thorough title search yet. Once they do they ll figure it out. 2. Net mineral acres are those acres you own within a larger gross acreage tract. For instance if you own 10 acres under the NW/4 of 36-5S-4E you own 10 net...

Oil/Gas: oil and gas leasing, pottawatomie county, leasing activity
pottawatomie county, leasing activity, gas leasing: Not a lot of leasing activity has ever occurred in your section, and Cycle Land Services seems to be the only one leasing there, or in adjacent sections. Because of this your negotiating power will be limited. If I had less than five acres I d probably...

Oil/Gas: Oil Lease Value, seminole texas, oil lease
seminole texas, oil lease, rpl: It could, but you can count on the oil company or their representative trying to get your lease for as little as the market will bear, so I d check with other neighbors nearby they may be after as well to see what they were offered before signing. Having an...

Oil/Gas: Ownership of P&A Wellbore, re-entering plugged wellbore
re-entering plugged wellbore: Tena, If a well has been plugged and there are no other active wells which maintain the oil, gas and mineral lease which the plugged well was drilled under, then the ownership of the wellbore rights would be determined only by reviewing the expired oil and...

Oil/Gas: pipeline easement, washington county colorado, temporary restraining order
washington county colorado, temporary restraining order, scare tactic: The Temporary Restraining Order is a weak attempt by them to scare you. The only leverage they have against you is if they are a public utility and begin proceedings to take the easement by eminent domain. Colorado is becoming more and more liberal and...

Oil/Gas: pipeline easement pricing, pasture farm, cattle guard
pasture farm, cattle guard, pasture land: That is more subjective than a lease bonus question. You, as the landowner, must balance the necessity and greater good of the installation with the permanency of the installation. Usually, pipelines are installed and not bothered unless there is a problem....

Oil/Gas: Probate required before payment? , royalty owner, probate attorney
royalty owner, probate attorney, suspense account: It s up to the oil company really, but as you ve found, some (most actually) won t pay and will instead place payments into a suspense account until ownership is determined. Unless you have marketable title to the mineral rights, which, if they were inherited...

Oil/Gas: Releasing upooled portion of lease, pugh clause, pool-all clause
pugh clause, pool-all clause, expired acreage: If your lease agreement does not require the oil company to release the acreage after expiration then you will not be successful in obtaining a release. Carefully read your lease for Pugh Clause language. I would suggest that future leases that you enter...

Oil/Gas: royalty payments, mineral royalties, royalty payments
mineral royalties, royalty payments, default spacing: Some wells that are oil wells you will need to be within 467 from the well bore - that is the default spacing for a producing oil well. A natural gas well will allow a larger unit for the production and that would be about 2600 . The engineers believe...

Oil/Gas: seismic drilling, geology course, seismic drilling
geology course, seismic drilling, drilling company: M This is outside my area of expertise, except for a short geology course a long time ago. I would consult with a local geologist on this. If nothing else, try to talk to a professor of geology at a local college or university. Please do not approach the...

Oil/Gas: understanding lease royalty, royalty owner, percentage terms
royalty owner, percentage terms, equal one: James, Believe it or not, the standard lease for provides the royalty owner 1/8 of the production. Often, the royalty owner is able to negotiate a higher percentage, depending upon the perception of how valuable the lease is. In percentage terms, 1/8...

Oil/Gas: 2.5 net minerial, dimmit county texas, mineral acres
dimmit county texas, mineral acres, gas lease: I m very sorry for the delay in answering. The original expert that had this question bumped it to the question pile and I just noticed it. The average prices that I ve seen in Dimmit County, Texas range between about $500 per acre up to about $2,500 per...

Oil/Gas: Assignment of Oil and Gas Lease, pecos county texas, texas railroad commission
pecos county texas, texas railroad commission, e hitchcock: An assignment that old isn t worth researching in my opinion. The lease that was assigned has long since expired, and currently there is no production anywhere in Survey 98 anyway so unless it was a hundred-year lease it s probably not even worth researching....

Oil/Gas: Beckham County Oil activity Follow up Q, oklahoma corporation commission, beckham county
oklahoma corporation commission, beckham county, leasing activity: Several years ago you could have probably gotten $1000/acre to lease. I d say you re going to be closer to $500/acre currently. $750 if you re lucky (or persistent, and have a lot of acres to lease.) If/when some new wells are drilled here the bonus amounts...

Oil/Gas: Bent County, lease proposal, bent county
lease proposal, bent county, mineral rights: I think the $450/acre offer is a fair offer for this area. Not much going on there really these days, though since they are leased there is of course a chance it will get drilled before the lease expires (which is likely what the potential buyer is hoping...

Oil/Gas: Will Bequest, royalty interest, lease operations
royalty interest, lease operations, mineral owner: Operatorship is irrelevant. The will stated that A receives all my mineral rights in the oil wells in X county, Texas that are currently under lease with ABC Oil Company. What is dispositive in this case is what is under lease - operations of the wells...

Oil/Gas: career path after Asst.Driller, career, office job
career, office job, offshore: The link below will provide a good starting point for your search. http://www.indeed.ae/jobs?q=drilling&l=Abu+Dhabi Also, I would try to attend any conferences in your area on your days off and bring several copies of your resume and talk to people at...

Oil/Gas: Carter County, OK Activity, carter county oklahoma, oklahoma corporation commission
carter county oklahoma, oklahoma corporation commission, xto energy: The a href= http://www.occeweb.com/Orawebapps/OCCOraWebAppsone.html Oklahoma Corporation Commission /a (the regulatory body for oil and gas in Oklahoma) has a wealth of information available online relating to oil and gas activity and production in Oklahoma....

Oil/Gas: Correction lease? , bonus money, rpl
bonus money, rpl, legal description: The original lease is not valid if the legal description is incorrect, so you are right it needs to be corrected or they don t have a lease. Since you agreed to a certain bonus the first time I would honor that if it were me and just sign the correction lease,...

Oil/Gas: Depth clause., electronic communications privacy act, royalty owner
electronic communications privacy act, royalty owner, mail transmission: Donald, Most commonly, it would refer to a clause which, after a certain amount of time for drilling, releases back to the royalty owner the right to drill to depths other than the one in which the well is completed, which would allow the royalty owner...

Oil/Gas: Different Fractional Mineral Rights, mineral rights ownership, royalty rate
mineral rights ownership, royalty rate, gas liquids: That breakdown make sense but the oil company s interest in paying you bonus only on the gas is not right. I agree. They are only offering the bonus on the 1/4 interest you own in the gas. So you would ask ti strike oil from the lease. If they obtain...

Oil/Gas: Oil and Gas Lease Anderson County, Texas, anderson county, leases
Oil/Gas: Oil and Gas Lease Anderson County, Texas, anderson county, leases, memorandum

Oil/Gas: oil and gas production, new leases, leasing activity
Oil/Gas: oil and gas production, new leases, leasing activity, northern boundary

Oil/Gas: Hughes Co OK min rights purchase request, coral ridge presbyterian, coral ridge presbyterian church
coral ridge presbyterian, coral ridge presbyterian church, hughes county oklahoma: Yes. You could go to the county clerk s office in Hughes County, Oklahoma and search through their records for those sections and determine what, if any, of the mineral rights the church owns. If there s nothing in the county clerk s records referencing their...

Oil/Gas: Intermittent gas well producer, willing listener, pecos county
willing listener, pecos county, drilling tools: You don t have any options outside of the provisions in the lease form you executed. They probably have an exact number of days the well can be shut in before it has to be turned back on or released. The other issue is that the Texas Courts have drawn a...

Oil/Gas: Lease notation, madison county texas, johnson county texas
madison county texas, johnson county texas, acre unit: The 50 could be where the surface location is...if it is a horizontal well. I don t know if they need a horizontal for the woodbine - I thought those were primarily vertical wells. I would protest since adding the additional 50 acres is diluting the royalty...

Oil/Gas: Location of oil rights I partially own, wheeler county texas, mineral estate
wheeler county texas, mineral estate, surface location: There are two ways that landmen go about identifying property taken from a mete and bound legal description and translated to a street address: 1. The legal description is drawn by the landman and the legal usually has identifying markers that tell the...

Oil/Gas: Lost Mineral Lease, electronic communications privacy act, mail transmission
electronic communications privacy act, mail transmission, mail messages: Dale, You may be right. It would probably require some legal work, perhaps a lawsuit, to straighten this out. If you are seeking legal representation, then please contact me privately by e-mail. I would be happy to assist you. L. Mark Bonner ...

Oil/Gas: Mineral Lease Offer, oklahoma county oklahoma, administrative law judge
oklahoma county oklahoma, administrative law judge, oklahoma corporation commission: They won t take you to court if you refuse their offer, but they may apply to the Oklahoma Corporation Commission to have your interest (and anyone else they either couldn t find or couldn t reach an agreement with) force-pooled into their proposed drilling...

Oil/Gas: mineral rights transfer, mineral interest, mineral estate
mineral interest, mineral estate, notary seal: I am only able to answer this question in part since I m not aware of tax codes in Canada. In order to transfer mineral interest in the states you only need to have a deed prepared conveying the property to the daughter executed by the current owner and...

Oil/Gas: Mineral Rights Valuation, johnston county, mineral rights
johnston county, mineral rights, rpl: Yes, there is a way. Check out the FAQ page on the Mineral Hub (link below.) There is one on there that covers mineral valuation. Reading that will help you figure out how to value these, and it s the same process most buyers use. Hope this helps you out....

Oil/Gas: Net Working Interest, Net Working Interest, oil
Net Working Interest, oil, gas: Working interest owners pay expenses from the well such as equipment costs, upkeep of the well (maintenance) and other miscellaneous charges like overriding royalty interest. A royalty owner does not pay these expenses - they only pay taxes and sometimes...

Oil/Gas: New lease, Lease rights after primary term
Lease rights after primary term : Ray, The correct answer to your questions can only be answered after the oil, gas and mineral lease which you granted is reviewed. There are many different variations to which a lease can be authored which provide what rights an Operator holds once the primary...

Oil/Gas: New lease/ producing field, royalty owner, alfalfa county
royalty owner, alfalfa county, royalty interest: Ray, I would have to review your original lease and the correspondence between you and the lessee in order to try to address this issue. If there is a clause that releases non-producing zones, then it would be clear that a new lease and bonus would...

Oil/Gas: Odd looking Oklahoma divisio order, tripower, gas lease
tripower, gas lease, resources llc: Probably not a fraud but if you have doubts see an oil and gas attorney prior to signing so he/she can make sure it s not a fraud ; and more importantly, can make sure it doesn t attempt to change any of the terms of your oil and gas lease. Hope this...

Oil/Gas: Oil and Gas Lease Anderson County, Texas, anderson county texas, anderson county tx
anderson county texas, anderson county tx, william albright: Ms. Honer, The normal lease bonus for signing an oil and gas lease in Anderson County, TX is about $50.00 per acre. This is a one-time payment as consideration for you executing an oil, gas and mineral lease. If you have 100% of the minerals under this...

Oil/Gas: oil and gas production, future drilling and development
future drilling and development: Donald, The first indication of future drilling and production is the level of interest companies have in leasing the rights. If the mineral rights are unleased - then the likelihood of drilling and production in the near future are very hard to determine....

Oil/Gas: Oil lease ownership, oil gas petroleum production
oil gas petroleum production: Leonard, According to the Oklahoma Corporation Commission, the operator of record is Petrova Oil & Gas, attn: Ronny Powelson, 580-255-6373. The corporation commission data base didn t have a record that it had been plugged, nor any production information....

Oil/Gas: Original Mineral Lease Lost, mineral owners, mineral lease
mineral owners, mineral lease, gas lease: The current oil and gas lease, if there is one, should be filed of record with the county clerk in the county where the minerals are located. The 1949 lease would only be valid today if there has been continuous production from the leased premises since then;...

Oil/Gas: Overriding royalty interest, royalty interest, interest question
royalty interest, interest question, gas lease: Yes, as long as the 1960 doesn t expire before they drill them, and covers all the formations/depths they plan to drill (it probably does.) You d also want to make sure your ORRI is not a term interest (i.e. only good for so many years, rather than good...

Oil/Gas: pipeline easment, grimes county tx, pipeline installation
grimes county tx, pipeline installation, easement: A general rule is that the easement is going to be not seen but permanent (because we do not know when it will be released if ever). When considering that the easement is perpetual the idea is that you are selling that portion of the land but still get to...

Oil/Gas: Pipeline Map BridgeTex, pipeline maps, pipeline companies
pipeline maps, pipeline companies, straight lines: Sam, They will not let this information out to keep the prices down. If someone knows that a potential pipeline runs in a particular area they will buy properties to limit access of the pipeline or increase costs. For this reason, the location of the...

Oil/Gas: Proving Heirship of Mineral Rights, honoring lease bonus
honoring lease bonus: Ms. Yeates: Unfortunately many times when the rights to a lease have been assigned to another company, they do not pass on the historical information, which seems to be the issue in your case. Question, has the Affidavit of Heirship been filed in Dewey County,...

Oil/Gas: royalties, mineral estate, accounting department
mineral estate, accounting department, company states: You have the right to have the issue clearly explained to you. They have an obligation to make sure the correct person receives the revenue from the well. But, it could be that they did not make a mistake. They should prove to you why you are not receiving...

Oil/Gas: Seismic permit with leasing option, titus county texas, leasing option
titus county texas, leasing option, mineral owners: Signing that one document could tie up your land for more than 6 years. After having said that...the prices they are offering are very good for Titus County so you have to weigh the benefit of the possibility of having production since Titus is not that...

Oil/Gas: Selling mineral rights, location location location, oklahoma corporation commission
location location location, oklahoma corporation commission, mineral rights: You can read more about how to value your non-producing mineral rights a href= http://www.mineralhub.com/value-your-minerals/ here /a on the Mineral Hub website, which is also a good place to a href= http://www.mineralhub.com/list-minerals/ list them...

Oil/Gas: Trying to get minerals leased., sequoyah county, leasing activity
sequoyah county, leasing activity, ok state: If there s any leasing activity in your area you ll likely be contacted by a lessee, so you don t really need to go looking for one, and I d say that s pretty much a waste of time if you ve been offered a lease before since they obviously know how to find...

Oil/Gas: Water Rights, Water rights in Texas
Water rights in Texas : Alicia It is my understanding that the water rights belong to the surface owner. Consequently that is why you have not been able to locate much info on the Texas Railroad Commission s website because the Texas Railroad Commission governs the oil and gas rights....

Oil/Gas: Working Interest vs Entitlement Interest, jibs, true number
jibs, true number, financial responsibility: I have never heard of an entitlement interest so you may want to address another here about that aspect. A working interest, however, is an interest which carries a financial responsibility unlike a royalty or override. Through not a part of my everyday workflow...

Oil/Gas: How Much Per Acre Is My Lease Worth?, oklahoma county oklahoma, royalty rights
oklahoma county oklahoma, royalty rights, one hundred dollars: Your question about, what amount of per acre signing bonus should I demand, is an excellent question. You are probably familiar with legal proceedings which you have seen on television. In court, opinions about the value of leases are provided by expert...

Oil/Gas: Baca County, CO Lease Offer, baca county co, magnolia circle
baca county co, magnolia circle, south magnolia: You didn t provide me a legal description, which would have been helpful (which is why I ask for one on the Instructions from Expert page visible prior to asking your question) but there are actually only a couple of companies leasing in the whole county...

Oil/Gas: canadian county oil lease sect 33, one hundred dollars, amy thanks
one hundred dollars, amy thanks, oil lease: Amy, Thanks for inquiring. Your question about, what amount of per acre signing bonus should I demand, is an excellent question. You are probably familiar with legal proceedings which you have seen on television. In court, opinions about the value...

Oil/Gas: Career Choice, electronic engineers in oil and gas industry
electronic engineers in oil and gas industry: Mahmood, Thank you for using AllExperts. At the exploration stage seismic equipment is all electronic and needs re-design and maintenance. At the drilling stage the drilling tools use telemetry systems to transmit formation information to the control units....

Oil/Gas: Converting woking interest into ORRI or NRI, royalty interest, orri
royalty interest, orri, liabilities: You will want to convert to an ORRI (Overriding Royalty Interest) Royalty means that you will not incur liabilities during any phase. A NRI (Net Revenue Interest) means that there is a gross and expenses are subtracted (You are still liable for them...

Oil/Gas: Decimal calculation in the Bakken, richland county mt, acre unit
richland county mt, acre unit, gross acres: I would ask them how they came up with that decimal. You ve got me! If she owns 42.64 acres in a 638.80-acre spacing unit with a 19% royalty then her decimal should be 42.64/638.80 X .19 = .012682529. Keep in mind that if you were getting the acreage figure...

Oil/Gas: Division Order and Payment Delay, canadian county oklahoma, royalty payments
canadian county oklahoma, royalty payments, oklahoma company: By state law, a company in Oklahoma has six months from first sale to begin paying on any new well. Any payment that comes for production more than six months old will be subject to interest of at least 6%, and as much as 12% per year. See the Production Revenue...

Oil/Gas: Division Orders, Before Payout, After Payout
Before Payout, After Payout: Josh: There is no calculation that determines a Before and After Payout. These amounts are determined based on the expenses incurred to drill the well, and revenue received from the production of the well. Once an Operator s revenue received equals the...

Oil/Gas: Drilling Oil/Gas, rotary rig, drilling oil
rotary rig, drilling oil, oilfield: Drilling is performed with a rotary rig; the video at the link below provides a good explanation about the process. http://www.youtube.com/watch?v=OSbF33KpieM Once the well is drilled then it has to be completed . There are many different techniques...

Oil/Gas: Drilling Oil and Gas, drilling methods
drilling methods: OK, Nikhil, This sounds like classwork to me but I will try anyway. I will try and with these assumptions: land well and directionally drilled and drilling only. For both the “high tech” and “low tech” well the cost of bits, casing and mud will be similar...

Oil/Gas: Royalty payments, obama, trucking
Oil/Gas: Royalty payments, obama, trucking, rail facilities

Oil/Gas: Fracturing balls, fracture balls, fracture sand
fracture balls, fracture sand, proppant: Winston, I have no idea nor do I even know how to find out. It is provided by the service companies doing the fracturing and shipped in metal bins. I have never seen an ad, convention paper or exhibit that had a number. One would have to multiply the number...

Oil/Gas: Gas Prospects in Stephens County, OK, gas prospects, royalty payment
gas prospects, royalty payment, family inheritance: Development may be imminent but that is closely held information by the potential drilling companies. They don t want other drillers to get wind of their potential find and go out and compete with them for acreage. The landmen may be attempting to lease...

Oil/Gas: No Lease, unleased owner in well
unleased owner in well: Dean, You will need to check with the Oklahoma Oil & Gas Commission online site, from time to time, to check and see if a well has been drilled within a mile of your property, to see if your property may be included in a unit for the well. Their website...

Oil/Gas: No lease notification. Thrown in the pool., royalty owners, royalty interest
royalty owners, royalty interest, elk city: If in fact you weren t offered a lease, and were not listed on the forced-pooling application or order, then they are technically trespassing on your minerals. This does give you some bargaining power but if you push too hard they likely will just apply...

Oil/Gas: Leasing and Drilling near Ringling, OK? , oklahoma corporation commission, jefferson co
oklahoma corporation commission, jefferson co, regulatory body: Yes, there is some drilling going on in township 3S-4W, which is north of Ringling. Some leasing as well. Most leases in the area are paying between $150/acre and $250/acre currently. The a href= http://www.occeweb.com/Orawebapps/OCCOraWebAppsone.html...

Oil/Gas: Logan Co., OK mineral lease rates, oklahoma county oklahoma, royalty rights
oklahoma county oklahoma, royalty rights, logan co: Subject: How Much Per Acre Is My Lease Worth? Question: I own royalty rights to a tract of land in Oklahoma County, Oklahoma. Could you tell me how much I should demand when I lease the drilling rights to an exploration company? Answer:...

Oil/Gas: mineral right, drilling oil, oil company
drilling oil, oil company, minerals: Patrick, In order to answer this question much more information is needed. I would need to see the deed where you inherited the minerals and have a more complete understanding of what the oil company is talking about. This is not a question that can...

Oil/Gas: NPRI in Texas, montague co, plains marketing
montague co, plains marketing, royalty check: My apologies. I should not have assumed that you owned the mineral rights and elected the NPRI rather than signing a lease. You say, I got a copy of the deed and it states that if at any time in a ten year period since 1941 oil and gas is not produced...

Oil/Gas: oil and gas lease, royalty interest, oaklahoma
royalty interest, oaklahoma, faulkenberry: The draft is no good anymore, and it s likely she was paid some other way, such as with a check. It s also possible they changed their mind about leasing and thus she didn t try to deposit the draft. I d say it s not worth pursuing. Hope this helps you...

Oil/Gas: oil well production, decline curve, royalty owners
decline curve, royalty owners, accounting department: There is no standard answer for this question. In my experience the normal decline curve is not so steep. It is more likely that there is a downhole problem that is causing a mechanical problem. I would call the oil and gas company and speak with the accounting...

Oil/Gas: PIPE LINE DAMAGE CLAIM, drainage issues, personal stake
drainage issues, personal stake, question pool: (I picked this question up from the question pool because whoever it originally went to couldn t answer it and put it in the pool) The landman s pay is not tied to these damage issues unless it is a very small company and he has a personal stake in the...

Oil/Gas: Production/Sales Volume, concept question, production volume
concept question, production volume, production volumes: There are very few reasons the two numbers would differ and they would only differ on natural gas. Oil will only differ if there is some kind of leak. On natural gas, the two possibilities that I am aware of are: 1. The pump or other equipment is...

Oil/Gas: Proving Heirship of Mineral Rights, affidavit of heirship, dewey county
affidavit of heirship, dewey county, california probate: Continental is just being picky I think, or perhaps has some reason to believe you did not inherit from your mother and so is asking for proof. Most companies will lease heirs with a simple affidavit of heirship as you ve done in the past, but apparently...

Oil/Gas: Will they renew my Blaine County Lease?, mineral owner, blaine county
mineral owner, blaine county, qep: If your lease expired without them contacting you, then they either drilled a well and you ll eventually hear about it, or they didn t drill, and weren t interested in re-leasing your minerals. In your case I m afraid it s the latter. In fact there are no...

Oil/Gas: Research Drilling Minerals, grimes county texas, mineral owner
grimes county texas, mineral owner, research drilling: The research company out of Grimes needs to obtain written permission from the surface owner and the mineral owner for this type of research . Yes, the company will be trespassing. The only right that an oil company has is to extract or attempt to extract...

Oil/Gas: Royalty payments, royalty check, royalty payments
royalty check, royalty payments, burke county: Darllene, It depends on the well. Generally, they produce a lot at the beginning and taper off. Sometimes production will fall due to maintenance to the well, or the timing of the truck that hauls the oil away or other reasons. Unfortunately, I don t...

Oil/Gas: Royalty Pymts without a Lease?, oklahoma corporation commission, royalty payments
oklahoma corporation commission, royalty payments, best bet: You should receive notice from the Oklahoma Corporation Commission telling you about a forced pooling hearing. The oil company will hold this hearing and you will then have an opportunity to lease or participate in the drilling of the well. Your best...

Oil/Gas: Value of lease, washington county colorado, royalty reduction
washington county colorado, royalty reduction, royalty payment: First, I have done work for the company involved and will do work for them in the future, but notwithstanding that full disclosure, this information can be verified from other sources. The part of the paragraph that lead you to believe that you would be...

Oil/Gas: value of lease, question pool, love county
question pool, love county, royalty: James, The original answerer put this question in the question pool so I picked it up to give you a quick answer. The last I ve heard about Love County, OK is the following: $50-650 bonus with the average being about $100/acre Royalty being 12.5%...

Oil/Gas: Well assignments, division orders, and procedure guidelines, nadoa, rpl
nadoa, rpl, grantor: If the assignment itself states effective 1/1/2013, then that s when it s effective. The standard is that the grantor should not have agreed to an effective date of 1/1/2013 unless he/she were okay with it. There really is no legal standard for this type...

Oil/Gas: Cleaning up chain of title, pittsburg co, pittsburg county
pittsburg co, pittsburg county, oil and gas landman: I m not sure what you will need to do to get these cleaned up but I ll give you two easy options and one harder option: Depending on what you are needing to do to clean them up, it may be easier to search for and hire an oil and gas landman to assist you...

Oil/Gas: cross unit well, oil, natural gas
oil, natural gas, oil development: Jim, Your questions lacks a lot of information such as what state you live in, township, etc. you fail to even state what drilling company is doing this work or potential work. If I was you I would refer to the oil and/or natural gas leasing document...

Oil/Gas: easement and right-away, oil and gas company, easement
oil and gas company, easement, issue at hand: I m hoping that you are referring to easements within the State of Texas...and if so: Anyone can file an easement of record. Usually the oil and gas company files the document with the County Clerk. Once the record is filed then all the oil and gas company...

Oil/Gas: Easement and Right-ways, gas pipeline company, mom and dad
gas pipeline company, mom and dad, easement: The easements that are signed are perpetual and cannot be rescinded unless there is a provision in the contract for abandonment. You should visit the courthouse and obtain a copy of the original easement agreement. This agreement contains all the terms of...

Oil/Gas: Cleaning up chain of title, landman, energy group
Oil/Gas: Cleaning up chain of title, landman, energy group, group llc

Oil/Gas: How to figure decimal interst. , royalty acres, metes and bounds
royalty acres, metes and bounds, royalty interest: To determine your decimal interest you d want to take the royalty acres owned and divide it by the spacing unit size, then multiply the result by the royalty fraction. The result would be your decimal interest. Looks like for you the formula would be (as...

Oil/Gas: formations & configuations, north dakota, oil and gas units north dakota; got minerals?
north dakota, oil and gas units north dakota; got minerals? : Patrick, Drilling Units are set up by the state oil and gas commission and require a public hearing so all parties may be notified. A unit configuration is set up for a particular zone in accordance with the most efficient drainage for that formation which...

Oil/Gas: lease offer, oil product, gatherer
oil product, gatherer, top dollar: You may receive your checks from the guy you lease to or the operator of the well...or, the gatherer of the oil product. Each project is negotiated so there is not a standard answer for that question. It is irrelevant, from my point of view, with whom you...

Oil/Gas: Going Lease Rate Grady County, OK, grady county oklahoma, royalty bonus
grady county oklahoma, royalty bonus, protective clauses: Negotiating the lease terms in an oil and gas lease is much like negotiating any other contract. Most terms in an oil and gas lease are negotiable. Your ability to effectively negotiate provisions such as length of primary term, royalty, bonus, and protective...

Oil/Gas: Mineral leases, burleson county texas, easement
burleson county texas, easement, surface water: The highest I ve noted in Burleson County, Texas is $940/acre but the common number that is showing up is $250/acre. It s hard to say if there was something additional in the 940 figure that could have contributed to the higher rate like drill sites, prior...

Oil/Gas: mineral ownership for sale, got minerals?, wanting to sell minerals, wanting to sell royalties, , mineral interest, m grady
mineral interest, m grady, professional record: Virginia I have been handling matters for people who want to sell their minerals for years. Certainly you should seek someone who has a trusted, professional record who can advise you. The oil and gas business is very complex and there are many different...

Oil/Gas: Mineral Ownership by tenants in common, dower rights, sister sally
dower rights, sister sally, remainder interest: You have several different issues in here, of course...I am assuming that Sally passes away intestate and we are passing this interest by the default intestacy rules 1. Each state is going to treat this issue differently. 2. The specific conveyance from...

Oil/Gas: Mineral rights, carter county oklahoma, oklahoma corporation commission
carter county oklahoma, oklahoma corporation commission, husbands name: In order to find out what is owned, you d either need to look for mailings your husband received from oil companies wanting to lease the interest that may have included the acreage, or you could visit the county clerk s office in Carter County and search for...

Oil/Gas: Oil,Gas and Mineral lease, some unanswered questions, mineral lease
some unanswered questions, mineral lease, weld county: Neva, I have some unanswered questions about this. You are leaving out a lot of details like who the oil company is, who applied for drilling permits and when in relation to the old lease, why the old lease ran out. You say they weren t able to contact...

Oil/Gas: Oil Production in Creek County, OK?, oklahoma corporation commission, regulatory body
oklahoma corporation commission, regulatory body, rpl: The a href= http://www.occeweb.com/Orawebapps/OCCOraWebAppsone.html Oklahoma Corporation Commission /a (the regulatory body for oil and gas in Oklahoma) has a wealth of information available online relating to oil and gas activity and production in Oklahoma....

Oil/Gas: passing mineral rights to husband/daughter, joint tenancy with rights of survivorship, life tenant
joint tenancy with rights of survivorship, life tenant, life estate: So far as I understand; a quit claim or gift deed would need to be prepared, executed and filed prior to your passing. A transfer upon death deed also exists that may be an option for you. I believe that this can be prepared now and filed later. While it couldn...

Oil/Gas: Payment for pipeline across my minerals? , surface owner, mineral rights
surface owner, mineral rights, rpl: If they re running gas lines across where you own minerals you will not be compensated for that, nor should you be because the right-of-way granted them has to do with running a pipeline across the land, not the minerals underneath. You will only be compensated...

Oil/Gas: payment of royalties, brother sister, mineral rights
brother sister, mineral rights, oil company: That would most likely be defined in the contracts between you (family members) and oil company or the language of your inheritance. Would advice an attorney, an estate attorney or trustee of an estate. This is not so much a question about oil and gas but...

Oil/Gas: Probate of Mineral Rights in North Dakota, affidavit of heirship, mineral rights
affidavit of heirship, mineral rights, life estate: Bonnie, The answer depends on how the interests were held. If a joint tenancy, life estate and remainder, or trust was used, then they may avoid probate. If no estate planning was done to avoid probate, then you may not have to probate them, still, because...

Oil/Gas: relative permeability, OIl and natural gas permeability, Water alternating gas injection processes (WAG)
OIl and natural gas permeability, Water alternating gas injection processes (WAG), oil: Mohammad, In regards to your question. 1- so I want know is there any method to calculate three phase relative permeability directly? This is mostly a question for a individual who specializes in geophysical fluid dynamics as it pertains to the movement...

Oil/Gas: selling mineral rights, oklahoma corporation commission, royalty rate
oklahoma corporation commission, royalty rate, mineral acres: The Aderholt #1 in 9-15-23 is indeed a pretty poor well currently, producing only a tad of gas each month and no oil from what I can see. The small 1/8 royalty is not helping you on this section so they are correct about that as well. The well in 8-15-23...

Oil/Gas: temporary cnostruction site lease, crude oil pipeline, pasture land
crude oil pipeline, pasture land, pipeline company: There is no set amount so make the first offer your high offer. I ve seen some ask for new fencing or a new road/well drilled, etc. The company will calculate the damage payment based on what an acre of pasture land would sell for in that area and then...

Oil/Gas: Washita County, OK Lease Offer, washita county, bonus amounts
washita county, bonus amounts, royalities: The Instructions from the Expert you (hopefully) read prior to submitting your question explains that I really prefer and need a legal description in order to answer questions regarding lease offers or bonus amounts etc, because they are location specific...

Oil/Gas: Acreage discrepancy on Mineral Lease and Division Order, tarrant county clerk records, property tax records
tarrant county clerk records, property tax records, tarrant county clerk: The proper way to handle this is to send a certified letter to the operator rescinding the Division Order that you signed and ask them to correct the acreage subject to the unit. A short list of the relevant abbreviations and additional information: BPO...

Oil/Gas: Bonus/royalty%, montague county tx, acre range
montague county tx, acre range, acreage: I have seen some leases in the $1,000/acre range but the common amount is going to be closer to the $2-300 per acre. These are not scientific but general guides. The royalty averages at about 20% up to 22.5%. The closer production is to your acreage...

Oil/Gas: Cementing, career pathway, field engineer
career pathway, field engineer, iwcf: If you are interested in drilling or completing then you might want to look at getting some higher education in the areas of IWCF and IADC This link below might be able to help you. http://www.petroleumtraining.org/fast_track_driller_course.php I am...

Oil/Gas: Cementing, career pathway, field engineer
career pathway, field engineer, integrity management: The cementing process is an integral part to the well construction process. The knowledge and experience that you will gain while working in this job role will be used for the rest of your career. Many people do not realize the importance of designing and...

Oil/Gas: Decminal interest, acre unit, mineral acres
acre unit, mineral acres, lease states: No it is still off by a factor of about 1000: (240/1280 acres) = .1875 of the entire unit times 3/16 RI = .03515625, not .000047700 You might try calling the North Dakota Industrial Commission. I don t know if they have the spacing info on their web...

Oil/Gas: Due Diligence Clause (Period), due diligence, proper language
due diligence, proper language, lease form: To eliminate this clause completely on a lease form you should put one single line through it and initial in the margin of the document. I would argue that if you are going to be bound by (ii) then you should insert the following: Lessor shall be paid...

Oil/Gas: Ethane/Naphtha Cracker power, Oil feed stock, natural gas separation
Oil feed stock, natural gas separation: Your question will most likely depend on several factors. - is the cracker already build and or established? if not. Then the power consumption will depend on the design and the feedstock that enters into the processes. To answer your question...

Oil/Gas: Existing Lease and Forced Pooling, bonus money, driller
bonus money, driller, occ: The answer will depend in part on what the pooling order says and really, the whole chain of documents, offers, acceptances, elections, and so forth. Usually the correspondence from the driller is pretty specific about what they think you own, your decimal...

Oil/Gas: Fracturing Balls, how big are frac beads, find frac sand
how big are frac beads, find frac sand: Winston, Thanks for using AllExperts and choosing me. However, I am wondering about your queries. It may be that you wish to invest in fracturing materials because it is a hot field. I don t know but a quick web search for fracturing PROPPANT or fracturing...

Oil/Gas: Fracturing balls, oil and gas fracking, oil and gas frac
oil and gas fracking, oil and gas frac, natural gas fracking: Winston, Just like any other manufactured product, the question of who is best or the top individuals in the industry will vary from one individual to another. The proppants used in fracking will vary in not only size but also in what they are made from,...

Oil/Gas: Guadalupe County, N.M., guadalupe county new mexico, mineral search
guadalupe county new mexico, mineral search, mineral interests: If the ranch next door ever had any production then they may be worth something. What we need is a crystal ball to see what we have down below the earth. 30 years ago there was no way to know that the current shale gas would be available. Because no one...

Oil/Gas: Hydraulic Oils, prone to combustion, shell tellus
prone to combustion, shell tellus, candle flame: Hello Steve regarding your Hydraulic fluid flash point question, No, the flash point would remain the same. However the Flash Point is determined under laboratory conditions, an atomized or vaporized spray leaking from a high pressure system is extremely...

Oil/Gas: Interpreting deed languge transferring O&G interests, Net revenue interest, oil
Net revenue interest, oil, gas: On the first example, you are correct you have one undivided net mineral acre in the NW/4. On the second example, you have .175 (or almost nothing) in this quarter section. The language would have to read 17.5% of the section rather than .175 of an...

Oil/Gas: Investing in land/mineral rights, oklahoma corporation commission, manageable investment
oklahoma corporation commission, manageable investment, decline rates: My advice would be to start out with producing properties only, so that you can at least have an immediate income stream in a known producing area. Even producing properties are not always a good investment however, since wells deplete at different rates and...

Oil/Gas: land rights, Surface use agreement, surface rights
Surface use agreement, surface rights, easement: When you have an agreement with an oil and gas company both sides must abide by that agreement. The oil and gas company has a Surface Use Agreement (SUA) which was signed by the surface owner when the wells were first drilled. This agreement should be...

Oil/Gas: Latimer County OK Activity, oklahoma corporation commission, latimer county
oklahoma corporation commission, latimer county, gas database: I took a look. No new wells in your section or any adjacent sections. No current or recent leasing in your section either. Most of the time you can tell if anything is going on by whether you receive an offer to lease or not. No lease offer, likely nothing...

Oil/Gas: lease for 3D seismic, garza county texas, mineral owner
garza county texas, mineral owner, acre tract: 1. The landowner 2. Not aware of prices in that area, but in any case they are probably minimal since the mineral owner (or the oil company once they lease the mineral owner) does have the right to seismic in most cases and so doesn t really have to pay...

Oil/Gas: leases, muhlenberg county kentucky, muhlenberg county ky
muhlenberg county kentucky, muhlenberg county ky, oil leasing: Mark, I am not able to advise you what the current lease offers are for Muhlenberg County, KY. I have not worked in this area and have done no research in regard to lease market values in this area. I would suggest that you contact any other landowners...

Oil/Gas: Mcclain county oklahoma oil lease, mineral rights, oil and gas
mineral rights, oil and gas, oklahoma oil: Carl, Your question was cut off, I can only assume that this forum cuts off anything that ends in a email or phone number. I would be more then happy to talk with you about your minerals. feel free to email me your contact information to chris(at)christermeer(dot)com....

Oil/Gas: mcintosh county okla leases, Oil and gas leases
Oil and gas leases: Leases in this area can go for a wide range of values. It often depends on several factors. Below is a list of things to take into consideration. - how much ownership will the land owner retain? (if the land owner is wanting to retain more rights or...

Oil/Gas: Mineral Rights, texas probate code, affidavit of heirship
texas probate code, affidavit of heirship, probate administration: You need an order from the original judge appointing you the administrator (which may have happened many years ago) and then you can draft...or have an attorney draft an administrator/trustee deed and convey the minerals to the rightful owner without further...

Oil/Gas: Mineral Rights - Ownership and idetification, oil company executive, mineral rights ownership
oil company executive, mineral rights ownership, royalty rights: If you happen to live or can travel to Lincoln County, OK, all the records that affect these properties should be on file at the county clerk s office. You d want to have the clerk show you the correct book to begin your search in and then you d want to search...

Oil/Gas: O&G royalties; Oklahoma Canadian Co., social security checks, oklahoma corporation commission
social security checks, oklahoma corporation commission, geologic reports: Happy to! One absolutely free service I use for Oklahoma is the Oklahoma Corporation Commission website at www.occeweb.com. Using their oil and gas division database search allows me to search any section, township, and range in the state for production, drilling...

Oil/Gas: Obtaining mineral rights leases, texas railroad commission, wheeler county texas
texas railroad commission, wheeler county texas, commission gis: Usually there is very little you can do to attract attention to a particular area because the oil and gas companies generate their drilling prospect through pretty specific directions, generally speaking: 1. A geologist or an engineer has an idea, sees...

Oil/Gas: Oil and Gas Leasing, professional geologist, gas leasing
professional geologist, gas leasing, risk tolerance: Of course, you don t want to have the definitive answer that an abstract of title or legal opinion provide, or else you would be hiring one of those done instead of making this inquiry. The land is probably in Payne county. If you knew which part of...

Oil/Gas: Oil and Gas Quitclaim, hughes county ok, joint tenancy
hughes county ok, joint tenancy, mineral rights: Sometimes non-lawyers make mistakes that lawyers would not make. You are correct that your mother-in-law could quit claim her interest to you. As you probably suspect, that does not address her late husband s interest, if any. You do not say how the property...

Oil/Gas: Old Oil Lease, pottawatomie county, gas leases
pottawatomie county, gas leases, oil lease: There has been leasing in your section as recently as 2012, but depending on what part of the section your minerals are in they may not have leased your mother-in-law. There is currently no production anywhere in the section. I m certain they are worth...

Oil/Gas: Opening and closing sequence of Emergency Shutdown, sequence of opening or closing well head valves, why so many valves on trees.
sequence of opening or closing well head valves, why so many valves on trees.: Andre, The rationale for the closing and opening sequence is, 1: to verify the integrity of the tree valves before closing any down hole valves. If the SCSSV was closed first the tubing would be losing pressure while the other valves were being closed and...

Oil/Gas: royalty division, Conveyances, quit claim deed
Conveyances, quit claim deed, warranty deed: From what I ve come to understand from my time in the business as a non-legal professional you will need to prepare a conveyance (quit claim, gift, or warranty deed, etc.) from yourselves as it is styled now, jointly, to yourself and the other party individually....

Oil/Gas: TITLE RESEARCH TIMEFRAME, research timeframe, bank drafts
research timeframe, bank drafts, mineral rights: Most leasing companies will send you a lease to sign and THEN begin checking your title, not the other way around. That s why most lessees send drafts or payment orders to the mineral owner along with a lease to sign and return to them. I don t like drafts...

Oil/Gas: Transfering Mineral Deed from Father (no longer alive) and Mother to Daughter, affidavit of heirship, mineral deed
affidavit of heirship, mineral deed, xxxxx: Heirs are determined by state law in the state in which he was a resident when he passed away. In Texas, for example, it was established until in the 1990 s that when a parent passed away 1/2 the husband s property passed to the kids and the other 1/2 passed...

Oil/Gas: trying to determine acreage from legal descriprion, determining amount of acres
determining amount of acres: Cheryl, Does the mineral deed say what percent of the acreage is being conveyed to you? I take it that the legal description does not state the number of acres described after the legal description? A governmental section is 640 acres; a quarter section...

Oil/Gas: Unit spacing, lease states, gross acres
lease states, gross acres, oil and gas commission: I do not know of a database online of the spacing units for particular areas/fields. You may consider that the Oil and Gas Commission in North Dakota could modify the default acreage from the field rules so it would be best to call the commission and discuss...

Oil/Gas: Value of a WI in a lease, reservoir engineer, business relation
reservoir engineer, business relation, contract engineers: I would hire a contract reservoir engineer to conduct analysis on the lease to give you and NPV-10 valuation of the property. If I needed to find one I would contact the http://www.spe.org/index.php and get their input into contract engineers that are familiar...

Oil/Gas: well production, oklahoma corporation commission, oklahoma tax commission
oklahoma corporation commission, oklahoma tax commission, royalty statements: You will not be able to. Oklahoma does not have a good reporting mechanism for production. I suggest you call the Oklahoma Corporation Commission and the Oklahoma Tax Commission and ask then register your disapproval - somebody isn t doing their job very...

Oil/Gas: Arkansas and "Marketable Product - Minority Rule", lawful deductions, gross proceeds
lawful deductions, gross proceeds, marketable condition: So, my question to you would be: In my case, where no provisions concerning royalty deductions have been provided for, can ANY deduction, other than taxes, be defined as unlawful based on a lack of clarity ? This is definitely a question that you should...

Oil/Gas: Arkansas "Marketable Product - Minority Rule" Parameters, cleburne county arkansas, xto energy
cleburne county arkansas, xto energy, lawful deductions: The marketable product rule you mentioned is great in theory, but in actuality has not been clearly enunciated or exemplified (i.e. defined..as in: What is marketable condition exactly?) by Arkansas (or Oklahoma, where I live) thus it is hard to apply...

Oil/Gas: Canada's New West-East Pipeline, transcanada pipelines, xl project
transcanada pipelines, xl project, cement work: Matthew, Your answer is semi complex. I expect that you will see a lot of jobs pertaining to construction in the developing areas. Jobs like welding, cement work, electrical and all the engineers, management, and permits that are associated with it all....

Oil/Gas: Corporate Legal Responsibility Following the Sale of Mineral Interests, Arkansas, integration order
Arkansas, integration order, lease terms: Your first question is asking what “lawful deductions” are under Arkansas state mandated integration (“force pooling”). I will begin by saying that a direct answer would require giving legal advice, which I can’t do because I’m not a lawyer. But I can tell...

Oil/Gas: Defining WI, OR and RI, county appraisal district, royalty interest
county appraisal district, royalty interest, everyday work: The information you seek is easily found by doing an Internet search so I m not going to take the time to define each term in detail here, however I will tell you that WI = Working Interest, OR = Overriding Royalty Interest, and RI = Royalty Interest. All...

Oil/Gas: Division Order and Incorrect / Lost Decimal, Division orders, escheat
Division orders, escheat, OLA: To my knowledge while it is always best to thoroughly read and understand everything you sign; you shouldn t be forced to forfeit the difference so long as the interest is still all legitimately yours. This may be something you want to mention to a landman...

Oil/Gas: Fair Price for Mineral Rights, mineral owner, mineral rights
mineral owner, mineral rights, campbell county: Well, actually there s no way to know if it s a fair offer without having some knowledge of the area yourself. Therefore, and assuming you even want to sell them, the best thing for you to do would be to let me market them for you on my website, a href= http://www.mineralhub.com/...

Oil/Gas: How to find what's going on in Oklahoma , coal county oklahoma, oklahoma corporation commission
coal county oklahoma, oklahoma corporation commission, mineral rights: The a href= http://www.occeweb.com/Orawebapps/OCCOraWebAppsone.html Oklahoma Corporation Commission /a (the regulatory body for oil and gas in Oklahoma) has a wealth of information available online relating to oil and gas activity and production in Oklahoma....

Oil/Gas: Further develop my producing lease? , gas checks, mineral owners
gas checks, mineral owners, carter co: You mean developed FURTHER I assume, since there is already a well there. Further development is up to the operator unless your lease agreement states something contrary to that. When they leased you (or whomever owned the minerals at the time) they were paying...

Oil/Gas: Gas company wants to remove trees in easement, gas pipelines, easement
gas pipelines, easement, black forest: You are in a difficult position. The easement is perpetual and the courts look at this as if you were fully and completely aware of the easement, the rights, responsibilities and possibilities for as long as you own the property...which we are not. Because...

Oil/Gas: gas or oil lease in Johnson County, AR, oil lease, county clerk office
oil lease, county clerk office, johnson county: There really isn t any development under way in Johnson County. In the few small pockets of activity the rates are very low. The signing bonus is around $200 per acre and the royalty is 12.5%. This tells me that there is not sufficient production in the...

Oil/Gas: inheiritance, Escheat, unclaimed property
Escheat, unclaimed property, proof of ownership: While you may already have some of this information, I always suggest that folks take a look at www.missingmoney.org or the local unclaimed property office for the state in which the owner of the unclaimed property was last known to have lived. This should...

Oil/Gas: Lease Carter Cty. OK, royalty owner, dry hole
royalty owner, dry hole, landman: Bearcat Land is a land company that was hired by an oil company (perhaps Continental) to buy leases for them, so Bearcat would not be a driller. Not sure why you received another offer to lease/participate, as Bearcat was likely leasing for Continental (but...

Oil/Gas: Louisiana Perscription Law, surface owner, faith effort
surface owner, faith effort, mineral rights: Yes, you d own them for another ten years after production ceased. If no good faith effort is made to explore and produce the minerals for a period of ten consecutive years after that, then the mineral servitude as it s called, would end, and the mineral...

Oil/Gas: Mineral rights, mineral acres, free listing service
mineral acres, free listing service, different company: No permits in your section or the surrounding ones currently, though there is activity in the general area (especially to the north.) Your lessee will likely renew your lease only if they plan to drill a well within the next primary term, though it s possible...

Oil/Gas: Are my minerals leased? , mineral rights, rpl
mineral rights, rpl, section 24: You could file a notice of record in the courthouse stating why you think it is NOT leased currently, notwithstanding there are records showing it is leased apparently. What specific records show it is leased currently? If they drilled a producing well on...

Oil/Gas: o&G Upstream deal structuring, chris termeer
chris termeer: Very few companies that say they offer financing will ever actually do it and the ones that do require 1 of 3 things and in most case all 3 things. 1. Actual ownership of land/minerals 2. A proven track record of past oil and gas experience 3. Collateral...

Oil/Gas: Oil & Gas Lease, county recorders office, gas lease
county recorders office, gas lease, land parcel: You have an incomplete legal description. There should be a section number and a county, also. You would have to go to the courthouse and do a title search in order to determine the state of title and you would need the complete legal description to do that....

Oil/Gas: Oil &gas rights in Williams county North Dakota, title abstractor, current status
title abstractor, current status, oil gas: Tony, In order for you to determine what has transpired since 1975, you will need to contact a title plant for that county and ask if they can research the rights to advise you of the current status. I m sure that if you look on the internet under the...

Oil/Gas: oil well design and operation, use of gas lift valves, flaring gas
use of gas lift valves, flaring gas, gas/oil ratio: Are they trying to get what they can before putting the wells on pump? Jack, that is exactly what they are trying to do. As you apparently realize, it is the gas pressure that pushes the oil to the surface, high gas/oil ratio = gas well, low gas/oil ratio...

Oil/Gas: Oklahoma's Jurisdiction, affidavit of heirship, county deed records
affidavit of heirship, county deed records, oklahoma oil: I’m assuming that the land you’re asking the question for is located in Oklahoma. The land located in Oklahoma is already under the jurisdiction of the laws of Oklahoma, so your ownership in the land is already under Oklahoma jurisdiction. Let’s get that...

Oil/Gas: Post Production Cost - Lease Language, natural gas liquids, lease language
natural gas liquids, lease language, production expenses: Their additional language only allows one deviation from your paragraph - the right to not pay you royalty for gas that is used to make your gas more valuable. The sentence in paragraph (ii) that is important is to make the gas merchantable or to improve...

Oil/Gas: Ratification of Oil & Gas Lease in Production by Spouse, susquehanna county pennsylvania, royalty payments
susquehanna county pennsylvania, royalty payments, gas lease: They should have had you sign the original lease if they re worried about it, which they apparently are. They re just trying to avoid disputes in the future I think. I d go ahead and sign it. It just says you also agree to the lease your husband signed basically....

Oil/Gas: Right of Way Contract in WV, doddridge county, payment portion
doddridge county, payment portion, woring: You granted them the right, but not the obligation, to construct (and remove) a tank on your land. Thus, they only pay you if there s a tank there. If no tank, or they remove one that s there, then the agreement expires and you don t get paid anymore. Again,...

Oil/Gas: royalty checks, Chris Termeer, oil company
Chris Termeer, oil company, oil lease: If you have any of the following, you might be able to find what you are looking for. - Will that has all account and property information - Copy of the lease/contracts made between your grandfather and the oil company - Documents that show legal description...

Oil/Gas: Sell or Lease? , oklahoma corporation commission, continental resources
oklahoma corporation commission, continental resources, mineral rights: The a href= http://www.occeweb.com/Orawebapps/OCCOraWebAppsone.html Oklahoma Corporation Commission /a (the regulatory body for oil and gas in Oklahoma) has a wealth of information available online relating to oil and gas activity and production in Oklahoma....

Oil/Gas: Surface Use Payment for Drilling a Well, mud pits, kingfisher county
mud pits, kingfisher county, mineral owners: If the well is actually drilled ON your land, and you are the surface owner, then I would try to negotiate anywhere between a $5000 and a $15,000 one-time payment to cover any damages to crops, timber etc. Note that they are not required to pay you anything...

Oil/Gas: Washita County, OK, oklahoma corporation commission, new wells
oklahoma corporation commission, new wells, regulatory body: The a href= http://www.occeweb.com/Orawebapps/OCCOraWebAppsone.html Oklahoma Corporation Commission /a (the regulatory body for oil and gas in Oklahoma) has a wealth of information available online relating to oil and gas activity and production in Oklahoma....

Oil/Gas: XTO Well #107723; Berwyn 01-15H, grantor grantee index, index books
grantor grantee index, index books, best bet: If you want to determine what your grandfather owned at his death your best bet is to visit the county clerk s office in the county where the mineral rights are located. There you will find all the records relating to this piece of land (or the minerals underneath.)...

Oil/Gas: Affidavit of Heirship, heirship, inheritance
heirship, inheritance, probate: There are some important pieces of information missing in your question: did the mother-in-law leave a will and was it probated? If so, where was it probated? If she left a will and it was probated in Texas, the attorney is telling you that Exxon will require...

Oil/Gas: Amite County, MS
I don t know if that s a good offer or not, but the fact that the offer you received came unsolicited would put me on notice that something is going on there that buyers are interested in. Because the offer came unsolicited, I d shop them around before accepting...

Oil/Gas: Change name of Trustee on Oil/Gas leases, mineral deeds, deed of conveyance, gas leases
deed of conveyance, gas leases, private trust: Lori, The answer depends partly on state law and partly on how the trust was set up. Under common law, the property would be conveyed to the subsequent trustee, i.e., the first trustee would deed it to the successor. In states which allow the trust...

Oil/Gas: Columbia County, Arkansas, columbia county arkansas, arkansas township
columbia county arkansas, arkansas township, mineral rights: There is some activity in the county, though most of the production from wells drilled over the past few years has come from the NE/4 of the county. Check the FAQ pages on the a href= http://www.mineralhub.com/faq/ Mineral Hub /a website for tips on determining...

Oil/Gas: Division Order., royalties, division orders
royalties, division orders, first production payment: Evan, To issue the very first payment for a new well, Texas law allows 120 days from the first day of the month following the date of first production. So if the well began producing (and the production was saved) on July 1, the operator or payor has until...

Oil/Gas: Oil Wells I want to sell..., address thanks, email address
Oil/Gas: Oil Wells I want to sell..., address thanks, email address

Oil/Gas: goinbg rate for lease in Section10-1N-20ECM, gas lease, landman
gas lease, landman, 1n: Unfortunately, I cannot afford to answer questions like this one for free. The proper way to establish a market value for an oil and gas lease involves some research to learn the nature of the prospect (production on surrounding areas, for example), the likelihood...

Oil/Gas: land near Fort Stockton, Pecos County, Pecos, mineral lease
Pecos, mineral lease, large tract: Go to the TX railroad commission website (link below) and see who is already active near your area. ** Note - I did a quick search and came up with ConocoPhillips, Chevron MidCon, Energen, Sahara, and Highland Resources. http://www.rrc.state.tx.us/data/online/index.php...

Oil/Gas: non-leased property in a producing area, caddo parish louisiana, shale deposits
caddo parish louisiana, shale deposits, chesapeake energy: My feeling is that she certainly would be due any default bonus included in the pooling order. The default bonus is the bonus assigned to the mineral owner in the event they do not respond and make their own election under the pooling order. The company...

Oil/Gas: Notification and Information from Oil Operators, wayne county mississippi, heir property
wayne county mississippi, heir property, diamond field: Tom, Thank you for giving me the opportunity to help you with this problem. I understand the issue, but now I need to identify the well(s). I went to http://gis.ogb.state.ms.us./MSOGBOnline/ and found that there are 20 wells in Sec. 1, T9N-R7W, Diamond...

Oil/Gas: How do I get an oil and gas lease? , sargent tx, gas lease
sargent tx, gas lease, rpl: The most common way is to wait for a potential lessee to contact you. If you haven t been contacted, it s likely no one is currently interested. Having your current contact info filed in the county clerk s office will make it easier for them to find you in...

Oil/Gas: Oil Wells I want to sell..., hourly fee basis, proper heirs
hourly fee basis, proper heirs, mail copies: Hi Deborah, I would be happy to help you either on an hourly fee basis or a percentage basis, whichever you prefer. If you would like to scan and e-mail copies of the patents, leases, and any relevant probate papers that show who the proper heirs are,...

Oil/Gas: Royalty Interest, royalty calculation, royalty interest
royalty calculation, royalty interest, integration clause: The language is confusing because you have several layers of ambiguity in that question. Does the contract define whether it simply refers to whether the number written in the royalty blank is 1/8, 3/16, or 1/4 regardless of expenses? Or, does profit, ...

Oil/Gas: Royalty Interests, royalty owner, royalty interest
royalty owner, royalty interest, royalty interests: The Royalty Interest is the royalty owner s fraction of the proceeds from selling the oil and gas. If the sale is $100 worth of oil and you own all of the royalty interest in the production unit, then a 20% Royalty Interest would receive 20% of $100. The...

Oil/Gas: Royalty payments due?
In Oklahoma, per the Oklahoma Production Revenue Standards Act, they have six months from first production to begin paying on a new well. If they don t pay within six months, then interest accrues on late payments at either 6% or 12% per year, depending...

Oil/Gas: Texas Gas Lease Inheritance, heirship, royalty payments
heirship, royalty payments, division orders: Every company has different documentation requirements, because every company has the right to decide what level of risk they are willing to take with any given transaction. Every ownership change has a level of risk associated with it--if the operator/payer...

Oil/Gas: Well on vacuum, wellbore, hydrocarbons
wellbore, hydrocarbons, fracture: Wells go on a vacuum when the pressure inside the wellbore exceeds the fracture pressure of any part of the formation that is open to the wellbore. A well will also go on a vacuum as the reservoir section of the well starts to deplete. As the hydrocarbons...

Oil/Gas: Dewey County 19 & 20, 17N - 15W
$1000/acre and 1/4 royalty? Unlikely I d say. In fact I think you ll be lucky to find anyone interested at half that price, and forget about 1/4 royalty unless you re willing to take no bonus. There s just not much going on in this section currently. I ve...

Oil/Gas: disposal or injection well on my property in dry hole drilled two years ago
Mavis, The drilling permit can be found at the Texas Railroad Commission web site records search. The permit # is 684625. There is no plugging information because the well was shut in and not plugged. The status would be as if operations had just been suspended....

Oil/Gas: Division Order S15-T20N-R04E, Payne County, OK
I haven t seen your lease so don t know if the division order is in conflict or not. You d have to look yourself. If the warranty clause on your lease was deleted but the division order contains one then yes, it s in conflict. The first paragraph is reasonable....

Oil/Gas: Establishing Heirship Marshall Co. OK
It s up to the oil company as to what they ll accept in order to pay you, but in Oklahoma many (and apparently this one the landman works for) will require you to probate a decadent s estate IN Oklahoma before they ll agree that you actually inherited anything...

Oil/Gas: How can I find my property, Chris Termeer
Chris Termeer: I believe your property is in this general area. Do not quote me one this but I am pretty sure it is near this area. Your landmand should know more. I would be interested in knowing if you lease is up on your property and if you had access or knew your...

Oil/Gas: grady co 9t-4n-8w
If you haven t signed a lease with anyone yet, or promised to, then sure, you could go with Stamps Brothers if you like. If you ve already signed a lease with someone and sent it back to them but haven t been paid, you need to get that all figured out before...

Oil/Gas: Inclusion of all Rightful Heirs in Land Lease Payment
Honor Resources Company is the land brokerage firm hired by Chesapeake to get leases in the lands they wanted to drill on, or wanted to build an access road across or run a pipeline through. You don t indicate how much time elapsed between when you were contacted...

Oil/Gas: loss of mineral rights in court, oil and gas attorney, mineral deed
oil and gas attorney, mineral deed, transferring mineral rights: Mr. Longing, First I would like to tell you how sorry I am that you are struggling with this problem. Oil and gas matters are quite complex and seem to take years to resolve even when there are good attorneys involved. You are definitely handling this...

Oil/Gas: mineral lease/sale, Leasing minerals
Leasing minerals : Mr Emory If you are the owner of record, then someone interested in leasing your minerals would be contacting you. Do you live in Cameron Parish? Many times landmen have a difficult time locating the current owners is why I ask. Other than this, you might...

Oil/Gas: Oil Wells in Sec 08 and 29 of T20N-R04E
1. The Newton 1-8MH encompasses a 640-acre spacing unit, therefore any minerals owned in 8-20N-4E would share in that well, including the NE/4. You will likely get a division order at some point from Devon Energy asking you to confirm your ownership so they...

Oil/Gas: ROYALTIES
Horizontal wells have a beginning and ending point and typically the acreage/minerals within a predefined number of feet (perhaps 300-500 on either side of the wellbore) will be included in the unit for the purposes of paying royalty. Each state and...

Oil/Gas: royalties, inherited mineral rights
inherited mineral rights: Jennifer, You should be able to contact the Clerk s office in Dewey County, OK, at (580) 328-5361 and ask them if you can obtain a copy of the proceedings which provide a description of the mineral interests being disputed. Be prepared to furnish them with...

Oil/Gas: Sec 3, 13N, 23W, Rogers Mills,Ok
The Oklahoma Corporation Commission is the oil and gas regulatory body for the state of Oklahoma, and on their website you can find a wealth of information about what s going on in the area where your mineral rights are located. You can search for production,...

Oil/Gas: Section 17-3N-15E, Pittsburg Co, OK
Hey Jon, The best way to determine if there has been a well completed on your track is by going to: The Oklahoma Corporation Commission website: I ve pasted their link for you, here. (https://apps.occeweb.com/RBDMSWeb_OK/OCCOGOnline.aspx) I also...

Oil/Gas: sell mineral rights or keep
Hi Cindy: Thank you for your question. The first thing I would do, would be to research what other mineral rights are being purchased in and around your area, if that is possible. That is correct, regarding the well. Just because drilling companies...

Oil/Gas: tract ID 16-9N-22W Beckham co, Okla
Hi Tom, Thanks for your question. While I would not be able to speak to your specific track, I do know that Chesapeake Operating Inc and Linn Operating Inc. have completed wells in Beckham Co. in the last few months. Perhaps you could go to the Beckham...

Oil/Gas: 3-D geophysical survey
I doubt the land will be damaged, but the noise may be bothersome. I would ask the for a date range and have them include it in the agreement. $10/acre is probably a standard rate, though in some cases they don t offer to pay anything so at least they offered...

Oil/Gas: Deeds
The short answer is that it depends on the language of the agreement. Is there a clause that if the seller owns less than the amount represented in the agreement, then the seller gets paid for the lesser amount of acres (or, the contrary, as you have...

Oil/Gas: Division orders and distribution of payments among partners in the pooling unit, gas royalty deductions, several remitters for same well
gas royalty deductions, several remitters for same well: As for your third paragraph, you are on the right track, but need additional information to correct your picture. Each partner has their own contract with their purchaser, and each contract most likely is going to vary as to price and fees charged to make...

Oil/Gas: Horizontal well
First, it depends on state law. Then, in Oklahoma, it depends on approval from the Corporation Commission. I am not aware of any wells that encroach on the same formation as an older well in the same spacing unit. There have been some odd spacing units...

Oil/Gas: Intestate Mineral Rights, North Dakota, Oklahoma heirship
North Dakota, Oklahoma heirship, Quiet Title Action: You need to confirm this with attorneys licensed in North Dakota and Oklahoma, but as a division order analyst I could not protect my employer adequately if I transferred the N.D. and Oklahoma interests to you, your brother or your sister without either the...

Oil/Gas: Lease Bonuses
The following is taken from an article I wrote on leasing tips that appears on the THE MINERAL HUB website. The entire article can be found on the Mineral Hub News page. I think you will find the below helpful in answering your questions. In my opinion...

Oil/Gas: Lease transfer?
If you sell your land without reserving the mineral rights then the oil lease and all its benefits transfer to the new owner. This would include any royalty payments that resulted from the drilling of a producing well during the primary term. If there...

Oil/Gas: New owner unsure of the future, new royalty owner, first royalty payment
new royalty owner, first royalty payment, future production question: You are somewhat cryptic with information surrounding your new ownership, so I m afraid there is little help I can provide. I need to know first if that first check you received covered production from one or more than one well. Then I need to know if the...

Oil/Gas: Payouts, recouping well costs, payment of royalties during recoupment
recouping well costs, payment of royalties during recoupment: A royalty owner must be paid royalties on all production from the well, beginning the first day the well produces, even if the oil company never does make all of their money back during the life of the well (which does happen somewhat frequently). A royalty...

Oil/Gas: Royalty Payments in Suspense, North Dakota title requirement, unpaid royalties
North Dakota title requirement, unpaid royalties: You should contact Hess Corporation directly. Try 713-496-7968, to talk to a Division Order Analyst who can either help you or direct you to the Analyst who handles Mountrail County wells for the company. When you talk to the Division Order Analyst, tell...

Oil/Gas: Sell oil, gas and mineral rights, sell mineral rights
sell mineral rights: Depends a little as to what part of the section they are in and what the well spacing is there. There are several small wells in that section currently, but each covers only 1/4 of the entire section. The SE/4 of the section is the only part without a current...

Oil/Gas: Unsolicited Lease Offer
Three years ago you could have probably gotten $1200/acre or so, though those were mostly in the northern part of the township (you re in the southern part.) Recent filed leases are few and far between in your section currently, though Continental was busy...

Oil/Gas: Utica well
Yes, the fact that it is going up and not down is a good thing. The reason why the pressure goes up when it is shut-in is related to temperature. When the well is flowing the gas will cool down the well bore and when it is shut-in it warms up. When the...

Oil/Gas: basis calc for W/I capital gain upon sale, WI ownership and taxes and depletion
WI ownership and taxes and depletion: Sandra, While I feel quite competent in answering oil and gas questions in many areas, one area that I have to rely on my oil and gas CPA in, are WI ownership questions such as yours that you have asked me. What I can suggest, however, is that you do go...

Oil/Gas: Company billing and paying in error?
You stated in your first question that you are currently receiving bills and incorrect checks for two producing oil and gas wells with no lease as stated in two registered wills. In what way are the checks incorrect. ? Not enough money, too much money,...

Oil/Gas: Court order, post-production costs deducted from royalties
post-production costs deducted from royalties: Based only on the language from the order that you provided here, as a division order analyst I would interpret this to mean that the court has ordered that any oil and gas lease signed after the date of the order must provide for a minimum of 1/8 royalty....

Oil/Gas: Five-year option on oil and gas lease
As long as the new owner of the lease pays you the extension bonus before the initial five-year term expires, then they can extend the lease for an additional five years if the lease includes that option. It doesn t matter that CHK no longer owns the lease....

Oil/Gas: Mineral Interest in Coal County,OK
Thanks for asking. One property may bear a lease bonus of $1000 an acre or more while an adjacent one may have a value of $100 per acre or less. The proper way to establish a market value for an oil and gas lease involves some research to learn the nature...

Oil/Gas: mineral right lease
Thanks for asking. One property may bear a lease bonus of $1000 an acre or more while an adjacent one may have a value of $100 per acre or less. The proper way to establish a market value for an oil and gas lease involves some research to learn the nature...

Oil/Gas: Two parties claiming same mineral rights.
Devon should be able to determine who really owns them, since probably one of the parties FIRST acquired them. If that s the case, then the second party s claim to them would be invalid. Devon however, is probably worried that two parties claiming the same...

Oil/Gas: title to lease, unclaimed property, unpaid royalties
unclaimed property, unpaid royalties: Answer to Question 1: The Affidavit of Heirship normally is sufficient for this purpose, and you have done that. Now what you should do is to mail a photocopy of the recorded Affidavit to each of the companies: Crystal, Chaparral and Ram. Chaparral is probably...

Oil/Gas: unit size and decline curve/decimal interest.
I would much rather own 100 acres in a 640 than 100 acres in a 1000. While it s true you d be draining a larger area with a 1000-acre unit I don t think you d notice it in your royalties enough to matter, as the well in the 1000 would have to produce nearly...

Oil/Gas: Vertical Drilling
This question has been presented, discussed and debated in many courtrooms over the decades. The answer is, probably so, but we re not sure! It is very difficult (and expensive) to prove where oil is coming from under the ground. If the permeability of the...

Oil/Gas: Affidavit of Heirship, affidavit of heirship, death of affiant
affidavit of heirship, death of affiant: This is a legal question best answered by an attorney. But for the purposes of an oil company changing its revenue distribution records, most oil and gas companies will consider it to be legally valid and will honor it if it is notarized and was already filed...

Oil/Gas: Calculating decimal interest, calculate division order decimal
calculate division order decimal: Using the information you provided, your decimal of interest in the revenues from production from the unit would be calculated: (0.20 x 198.18/2560) plus (0.1875 x 278.71/2560) equals (0.20 x 0.07741406) plus (0.1875 x 0.10887109) equals 0.01548281...

Oil/Gas: challenged mineral rights, quiet title actions in Oklahoma, proof of intestate estate
quiet title actions in Oklahoma, proof of intestate estate: This is a question that only an attorney licensed in Oklahoma should answer for you. I am not an attorney. But as an oil and gas division order analyst, I can tell you that I have experienced receiving documents from an administration of an intestate estate...

Oil/Gas: Changing legal interst, division order calculation, royalty increase
division order calculation, royalty increase, repayment of royalties: These are very valid questions. The answer to your first question is that you should contact Continental Resources and ask them: did your wife s number of net acres in the unit increase, or did the size of the unit decrease? And what effective date did that...

Oil/Gas: conveyance of mineral lease, unsigned mineral rights not leased
unsigned mineral rights not leased: I need some clarification. When you say signing their parts over to Delhi are you saying that they signed an oil and gas lease, or did they sign a deed selling their mineral rights to Delhi? I m not a lawyer, so I can t answer any legal question directly,...

Oil/Gas: Onshore and offshore project costs
Oil/Gas: Onshore and offshore project costs

Oil/Gas: Ingress/Egress rights, mineral servitude rights
mineral servitude rights: Steve, My understanding of the rights of an undivided mineral owner are such that he has all rights associated with the rights of full benefit and enjoyment and a person with rights in a common reservoir or deposit of minerals may not make works, operate,...

Oil/Gas: Lease Question- Surface Lease, surface use lease negotiations
surface use lease negotiations: Answers to your questions: 1. This is a fair amount if you feel it will adequately compensate you for the inconvenience (if any) of having oil field machinery and equipment using the surface of your tract for several weeks at time, possibly more than once...

Oil/Gas: Mineral Rights
There s not really a way to talk an oil company into drilling on your land. The process starts the other way around: a geologist decides (based on education and experience) if there is potentially any oil or gas under your land, based on what known formations...

Oil/Gas: mineral rights inherited
As a starting point, you can contact the state agency that oversees oil and gas production and/or the state tax commission and ask them when that lease last had production. If there is recent production, contact the operator and have them update their records...

Oil/Gas: Onshore and offshore project costs
The question is nearly impossible to answer by the little information provided. Cost very depending on several factors like: Where is the well to be drilled located? Is it in the USA or another country and if so what documents are need and how much do...

Oil/Gas: Well water Extraction., well water
well water: Dear Prashant I am assuming that you currently have no means to get purified water from your well. The first thing that needs to be done is to test the well water to determine what needs to be removed to allow drinking of that water. Take into consideration...

Oil/Gas: Well water Extraction.
There are many different technologies and equipment configurations possible; please look at the website below for additional details related to your available options and the equipment involved. http://www.nov.com/Segments/Wellbore_Technologies/WellSite_Services/Water_Services.asp...

Oil/Gas: Accidental Gas Spill (small)
Hello Beth While a very small amount, any release of a toxic/flammable substance into the storm Water or Sewage systems Can be dangerous and should be reported. I would go to my local fire station and tell them of the situation. As you know, water...

Oil/Gas: Atoka County, OK Leasing Activity
Not any recent leasing, permitting, or other activity in 4S-11E lately. Most current leasing activity is about 10 miles north, near Atoka. You are probably correct that if you haven t been contacted by your former lessee that they are not currently interested...

Oil/Gas: Calculationg Net Acres, Calculating net acres, net acres
Calculating net acres, net acres, decimal interest : Natalie 3/20 is the fraction of interest you own in the 160 acre tract. 3/20 converted to a decimal int equals: .15 Take the interest you own (3/20) and multiply it by the number of acres to determine your net acres. Example: .15 x 160= 24 net acres....

Oil/Gas: Custer County
Apache has filed ONE lease so far this year in that section, which indicates they may be renewing leases as they expire, or at least renewing some of them. You might contact Apache or whomever is leasing for them around the time your lease expires and see...

Oil/Gas: dry hole
Hi Ty: Thanks for your question. If you go on the Railroad Commission of Texas website, you can search for the applicable well logs you referenced. I ve included a direct link below to assist your research. https://rrcsearch3.neubus.com/ Thanks...

Oil/Gas: What to expect after spudding, Chris Termeer
Chris Termeer: Mark, Good to hear that things are starting to happen for you. Spuding is referred to as starting the well. I believe you told me before that this is EOG, and I think that in that area they are doing a deep horizontal wells. In larger projects such as...

Oil/Gas: fair oil lease price
Your negotiating power depends on a few things including the size of your land, the proximity of existing production and the results of any seismic activity in your area. Also, depending on how hot an area is the price can vary greatly. Do not rush into...

Oil/Gas: Grady Co. Oklahoma lease
I think you should be able to get that. One company is offering $1000/acre and 3/16 royalty for three years in 9N-7W, which is fairly close to you. 1/5 and $750 for three years is not unreasonable. I would also not agree to the two-year extension unless it...

Oil/Gas: Inherited rights Clarke County MS
Sounds like they re trying to scare you into signing a lease, and in my opinion it would be better to sign a lease if you can get decent terms. You don t want to be force-pooled in Louisiana because you won t receive any royalties until they first recover...

Oil/Gas: Interest on suspended funds, Suspended funds
Suspended funds : Stan I m glad you are inquiring about the interest that has accrued. I m uncertain whether the right to the accrued interest is not based on the reasons why the money is in suspense. I would think that if the Operator can show they were unable to locate the...

Oil/Gas: no lease renewal in active drilling area
Carol, The possibilities could range from having trouble getting a rig there before the lease expired to drilling dry holes all around it and deciding they didn t need another dry hole. I have not looked at the well records from the surrounding parcels,...

Oil/Gas: Lost mineral rights, inheritance, title search
inheritance, title search: The best place to start is in the Deed Records at the courthouse in Grady County, Oklahoma. You will be running simple title by starting with your grandfather s name, but also starting with the name Midwest Oil Corporation . You want to start with the...

Oil/Gas: Mineral Deeds and Royalty Interest
You seem to be on the right track. In many states, royalty payments are sent to the state unclaimed property fund if the royalty owners cannot be found. Yes, if the mineral deed is the basis for drilling, then the heirs should receive royalty payments. ...

Oil/Gas: Minerals through warranty deed, Warranty Deed, mineral rights reservation
Warranty Deed, mineral rights reservation: When I receive a recorded Warranty Deed selling property on which my company has one or more producing wells, I always look first to see exactly what the granting clause says. If the Warranty Deed states that the Grantor hereby...sells... all right, title...

Oil/Gas: Oil annuities decendant, estate, oil well
estate, oil well, Judgment of Possession: Donna, In order to determine whether you and your father are owners of a mineral interest in a well in Oklahoma, you will need to prove how he acquired his interest. If he acquired his interest through inheritance, then a Probate for the estate of the decedent...

Oil/Gas: oil/gas lease prices
Most accurate way to determine current lease terms is to ask your neighbors what they ve been offered. Companies aren t going to advertise what they are paying everyone for leases of course, but in Oklahoma one can use, if applicable, the bonus amounts stated...

Oil/Gas: Oil & Gas Surveys
If you are a landowner as well as a mineral owner you have a much better chance of being compensated for seismic surveys than do those who own only the mineral rights. In some states, they must get permission from at least one mineral owner, but once they...

Oil/Gas: PRODUCTION, Chris Termeer
Chris Termeer: I really can not help you out any more then what I have do so for without charging you for my time. Your question is not comparing apples to apples. The correlation between oil and natural gas is entirely different. For gas you measure it in cubic feet...

Oil/Gas: PRODUCTION
Hi Pooja: To answer your question, it depends. First, I would want to know what type of well one would be measuring productivity on. Typically you will have either Oil wells, wells that produce Oil and Natural Gas and wells that produce only Natural...

Oil/Gas: Recent activity/lease values 11n-25w Roger Mills
$1000 and 3/16 isn t bad currently, though I d shoot for $1250 and 3/16 anyway and see what they say. I d say it s worth the risk of them turning you down. Don t agree to a two-year extension on top of the initial three years though, unless they are willing...

Oil/Gas: No royalty payment after 1 year
I don t know the particulars of the joint operating agreement for your well, but that is a big deal. If you are right, the interest is small potatoes. This could justify cancellation of your lease, which would be a very expensive problem for a company which...

Oil/Gas: Sensors used in E&P, operation of downhole pressure gauges
operation of downhole pressure gauges: All of the companies have a wealth of information on the web. This is only a few from Google using the search terms measure pressure while drilling or measure down hole pressure. You will probably gain more from this than from me as the results are from the...

Oil/Gas: Suspended funds
They (the landman and the senior DOA) could both have been correct. Perhaps it was only after you sent the relevant information that it was decided that an AOH would suffice, whereas prior to that a court order (i.e. a probate probably) would have been required....

Oil/Gas: Witnessing D/O's, Division Orders
Division Orders: Georgia, If your spouse is not a party to the Division Order there should be no reason why they cannot sign as a witness. Thank you for allowing me to assist you with this oil and gas question. Please visit my website at www.iliosresources.com ...

Oil/Gas: deciphering what my first royalty check amount may be, division order calculation, first royalty payment
division order calculation, first royalty payment: To verify the payment decimal of 0.00001712 RI that Chesapeake is crediting to you, I need the following information: 1. The amount of mineral interest you own in the land included in the lease you signed 3 years ago; and 2. The legal description of the...

Oil/Gas: Depth Clause
I rarely have any problems getting a depth clause included in my lease, but the one you provided above covers more than most companies are willing to agree too, hence I d suggest just the first portion be submitted. Most companies that pay to drill a well...

Oil/Gas: Division Orders
You have given me quite a bit of information, some of it difficult to follow, but I don t see a specific question here--I m not sure what you are asking me to answer. When did you receive the division orders from Big Run for the Argenta Fee #19-320? The...

Oil/Gas: invert drilling fluid
You may be able to find your answer by using one of the calculators at the website below. http://www.drillingformulas.com/category/oil-based-mud-calculations/ If you cannot find the specific formula you need then I would contact the manufacturer of the...

Oil/Gas: How long do wells produce
Hi Patti - It really depends on a lot of factors related to the specific reservoirs so I could only give you a estimated guess for the Cleveland/Tonkawa plays where you active wells are located. My guess would be the wells could be averaging between...

Oil/Gas: Mineral Rights, selling minerals, selling royalties
selling minerals, selling royalties: Debra, In order to understand whether the offer you have received is in line with the market values, I would need to research the area to see what type of wells are drilled in the area, who is operating the wells and what the near future plans are. I believe,...

Oil/Gas: Mineral Rights, verifying mineral rights, searching records
verifying mineral rights, searching records, finding wells: I will try to answer your questions. 1. There are two ways to find out who, if anyone, is leasing the mineral rights: (1) go to the courthouse and run title using the Forward Index (the clerk can show you how) and looking up the grandfather s name, locating...

Oil/Gas: Does Natural Gas Smell Pre-Processing
Methane is generally what we consider to be natural gas and is an odorless gas prior to processing. It s possible that other smelly elements may be entrained in the gas stream as it reaches the surface however, and those other elements (i.e. hydrogen sulfide...

Oil/Gas: NW SE NW Section 20-7N-4E property 62732 - W34
The state agency that regulates oil and gas drilling in your state should have a completion report if the well has been completed and is producing in paying quantities if that is what you are asking. Unfortunately, there are not enough facts in your...

Oil/Gas: O&G lease in North Texas.
There are too many variables and not enough information provided to really answer your question, but the general idea is that all of the owners of a parcel should agree to the lease and then the driller could drill. There is a procedure called force pooling...

Oil/Gas: oil/gas activity
The a href= http://www.rrc.state.tx.us/data/online/index.php Texas Railroad Commission /a (the regulatory body for oil and gas in Texas) has a wealth of well information available online concerning oil and gas activity. You can look up such things as...

Oil/Gas: oil and gas lease
There was a well drilled in that section in 2007 that is currently producing between 6000 and 8000 mcf of natural gas per month. Not a bad well really, but if your lease was from 1980 it likely expired before this section saw any production. If you own...

Oil/Gas: Oil and Gas Lease, oil, gas and mineral lease terms
oil, gas and mineral lease terms: Mr. Hagerman, I am not currently involved in the Kansas play but would answer your question as you have asked, and that is: what should you ask for in your counter-offer. I would counter at $50 per acre, with a 1/6th royalty. If you have to give up...

Oil/Gas: Oil on land
Hi Kristin, I would contact the University of Missouri, to see if they might be able to test your soil for oil. I believe there is a fee. http://soilplantlab.missouri.edu/soil/ http://soilplantlab.missouri.edu/soil/soilsamples.aspx If you can confirm...

Oil/Gas: ownership, obtaining net mineral ownership information
obtaining net mineral ownership information: No sir, there is not. Unfortunately mineral ownership research is an arduous task and only determined after extensive research. If you are a mineral owner in a producing unit, however, you should be able to contact the Operator of the well and inquire....

Oil/Gas: Pottawatomie County, OK
The only pooling I see currently is the one that is still pending for the W2 SE of the section. The case number for that is 201401608. No Order has been issued yet that I am aware of. You can of course follow the action by visiting the Oklahoma Corporation...

Oil/Gas: Can I quit claim a natural gas lease?
You could quit-claim your ROYALTY rights, and still keep the mineral rights, which would in effect give the grantee the right to receive all (or a portion of...as you elect) any future royalty payments attributable to the minerals beginning on the date you...

Oil/Gas: Relief sought order dismissed
It could just mean they are applying for a different spacing order than the one they had dismissed, or it could mean Sandridge is not going to be the operator after all. Chesapeake does have a current permit to drill this section, and it gives them until July...

Oil/Gas: Royalty Logan County Oklahoma
Hopefully they received your election letter. I usually send those with tracking number to be sure, or get them to verify by email. As you probably know, the pooling order also has a default election, applicable to those who don t elect on their own. They...

Oil/Gas: shale drilling, Chris Termeer, Termeer
Chris Termeer, Termeer: Marty, From the sounds of the description that you have provided. It seems like the existing gas production is quite old and is producing out of a formation that is much more shallower than the nearby shale formation prospect. Without knowing everything...

Oil/Gas: Suggestions about Field Engineer Coiled Tubing Job, Chris Termeer, Termeer
Chris Termeer, Termeer, Chris: Raouf, Sorry but your question is composed of multiple lengthy questions. The future prospects of coiled tubing depends on many factors and will most likely be centered around the operator that you work for. All of your other questions seemed to be centered...

Oil/Gas: Determining value of minerals when inherited
Best thing to do would be to try to find some previous sales from the late 70 s or early 80 s in or around this section filed in the Love County clerk s office. Most will not have actual prices paid on them but you might get lucky and find one that does. My...

Oil/Gas: Dewey County, OK Lease Offer
I agree that $350 is a low offer in general, but then it s only for two years. You can do better if you agree to lease longer. I would shoot for $900/acre, 3 years, 3/16 royalty. There have been leases bought in this area recently for that amount. Valpoint...

Oil/Gas: division order, Escheat, record title
Escheat, record title, unclaimed property : You shouldn t have to notarize or record a division order. Also a Landman isn t generally involved with the division order process. I am on the purchaser side so that may vary. If there is a lease that was signed and you have mineral interests then monies...

Oil/Gas: division order
Oil/Gas: division order

Oil/Gas: forcing low production well to be plugged
Split the money? As in 50/50? I would say no, that is not a good deal for you. I would rather see you hire an attorney to sue (or threaten to) the oil company than give some landman (who may or may not be an attorney) 50% of any bonus you later receive....

Oil/Gas: gross acres versus net mineral acres, net acres, legal number of acres
net acres, legal number of acres: It looks like you have two questions here, so I ll take them one at a time. What are net mineral acres and how would that affect our royalties (12.5%)? Net mineral acres are the number of acres that expresses how much mineral rights you own in the whole...

Oil/Gas: HELP NEEDED!!!
No legal description showing where this monster well was drilled? No current production info? No well name? If a monster well was drilled in December, 2013, should be producing now right? Ask them for current production info, well name, API #, operator,...

Oil/Gas: How to hold title to TX land?
I can only suggest that you get the advice of a competent attorney regarding the forming of any legal entity for the purposes of holding title to the mineral interests, to create limited liability. However, I am quite curious as to why you believe your...

Oil/Gas: Inc Surveys
The reason the Azimuth doesn t matter much at low angles is because there is little or no horizontal displacement until the Inclination starts to build. Sometimes you can get accurate readings with MWD at low angles, but other times the steel pipe collars...

Oil/Gas: lease, correct royalty payments
correct royalty payments: Ella, I believe it is always a good idea to understand your ownership so you can make informed decisions about them. Unless you are not being paid the correct decimal interest, or you have not been recognized by all the Operators who should be paying you,...

Oil/Gas: Lease Franklin County Illinois
Yes, I do. Please read my a href= http://www.mineralhub.com/2010/09/oil-and-gas-leasing-tips-part-one/ Oil and Gas Leasing Tips /a article on the Mineral Hub. It applies to all states. Should help you negotiate better. Hope this helps you out. Frederick...

Oil/Gas: Mineral Interest, information to use for selling mineral rights
information to use for selling mineral rights: Let me begin by saying that the decision to keep, or sell, your mineral rights in Panola County, Texas must be your decision and yours alone. All I can do is give you some information that might help you make that decision. First, Costilla Energy didn...

Oil/Gas: Mineral Interest, Division Orders
Division Orders : Lura, It depends on what state the minerals are located in as to whether it is necessary to execute a Division Order, but in Louisiana and Texas, it is unnecessary that a Division Order be executed. The grandchild that signed their Division Order only...

Oil/Gas: Mineral Leasing
Likely if anyone is interested in leasing your mineral rights there, they will find and contact you without you having to do anything. I took a look, and there have been no leases filed in that section since 2012 so no current leasing activity in other words....

Oil/Gas: mineral rights
When a natural person dies who is a Lessee in an oil and gas lease, the cost-bearing ownership of the oil and gas lease passes to his/her heirs or devisees (beneficiaries under a probated Will). The lease does not expire when a Lessee dies. The important...

Oil/Gas: Mineral Rights on lease in Oklahoma
Yes, you can sell them if they are leased. You can sell them if they are producing. You can sell them if they are not producing, but leased. You are the owner. It s up to you. If you d like to receive some other offers on them besides the unsolicited offer...

Oil/Gas: Oil and Gas Lease offer
Before leasing, I would read the a href= http://www.mineralhub.com/2010/09/oil-and-gas-leasing-tips-part-one/ Oil and Gas Leasing Tips /a article published in the Mineral Hub News. You ll find a lot of tips there on how to best explore your leasing options...

Oil/Gas: PLEASE HELP!!!, oil and gas wells direct investment
oil and gas wells direct investment: Do not just walk away from this offer, RUN AWAY FROM THIS OFFER! Right now, there are extremely sophisticated investors not only here in America, but all around the world, clawing over one another to be allowed to invest in above-board oil and gas exploration...

Oil/Gas: production
That is what it sounds like Ed, pulling individual plugs. When the plug is pulled frac fluids will flow back and when the zone is cleaned up the pressure will increase as the production oil/gas that is in the area closest to the casing surges into it. Then...

Oil/Gas: Question from the TV show CSI
Hello Jon First let me say how much I enjoy your programs. At least I did until you got rid if Grissom, Now I m a Bones man. Now to your question. I regret that I have absolutely no knowledge regarding transmission pipelines. operation of, building, or blowing...

Oil/Gas: Reg : Chokes, why 64ths choke size?
why 64ths choke size?: Hi Dinesh, I don t know. I must admit that I have never really thought about it and am now wishing I had asked some of the old timers that were around when I “broke out”. The increase in size is not uniform; it is by 1/64 inch until the 30/64th size...

Oil/Gas: Will a ROW affect my mineral rights?
A ROW won t affect oil and gas rights, only surface rights (i.e. will create an easement across your land.) Hope this helps you out. Frederick M. Mick Scott CMM RPL www.mineralhub.com a href= http://www.mineralhub.com/about-us/ The Mineral Hub...

Oil/Gas: sale of mineral rights, Seller's remorse, legal sale
Seller's remorse, legal sale, record title: If you accepted money for something and now want to change your mind about sale it would seem to me that you should offer some consideration back at a minimum. Now I am not a lawyer, but if it was not a legal sale (recorded in county / state of lease/well...

Oil/Gas: Seismic Survey Issues
Curious why they even asked then, if they also told you you have no right to refuse. They are basically correct however. Unfortunately for landowners (but fortunate for mineral owners) the subsurface mineral estate (i.e. the oil and gas rights) is separate...

Oil/Gas: Small Mineral Interest Worth Lease?
I agree, the bonus is not really worth messing with. Instead, I would ask them for a 1/4 royalty and no bonus. You will likely get more money in the long run with a 1/4 royalty than you will with the normal 1/8 or 3/16 commonly offered for a lease, assuming...

Oil/Gas: subsurface easement valuation for trespass
If the pipe is sealed they are not trespassing assuming the oil and gas regulatory body for Utah gave them permission to drill through your minerals on their way to a producing zone that is not part of your minerals. You could probably pull up their drilling...

Oil/Gas: Subsurface Trespass, subsurface trespass
subsurface trespass: Subsurface trespass is a difficult issue to discuss, because there simply isn t any settled law on the question. Horizontal drilling is still pretty much in its infancy where state rules and regulations are concerned, and all other States are watching us...

Oil/Gas: Testing for minerals
I would suggest that you do as much research on the oil and gas industry as possible. I would recommend my book Fundamentals of Investing in oil and gas as a good reference, I think it will help you out as it is very developmental orientated. the book...

Oil/Gas: w-9
An IRS Form W-9 will not renew, extend, or modify any existing, valid lease in any way. A W-9 form is printed by the IRS and used by payers only for the purpose of verifying the tax identification number to be used for reporting to the IRS income paid to...

Oil/Gas: attorneys
It depends on what I needed to have done. I might pick a huge firm with an oil and gas department or I might pick an individual or I might pick something in between. Why do you need an oil and gas attorney? You can e-mail me privately, if you wish at markbonner@sbcglobal.net....

Oil/Gas: division order, BPO lease deducts cost free
BPO lease deducts cost free: The term BPO means before payout and usually refers only to a change in interest decimal for working interest and/or overriding royalty interest owners after the well produces enough revenue to pay back 100% of the costs incurred on it up to that date....

Oil/Gas: Fractional equivalent of decimal interest?
Assuming it s a 1/8 royalty (many old wells are) and a 640-spacing, your decimal indicates they are paying you on 30 acres. With a 3/16 royalty it would be 20 acres though. Multiply the decimal by the spacing unit size, then divide by the royalty to get...

Oil/Gas: Leasing, dry holes, oil and gas leases
dry holes, oil and gas leases: Gerald, I am not sure what your question is here. As long as Devon s lease is still in effect, they have the right to make the decision whether to drill a well or not. If they have drilled two (2) dry holes within the primary term of your lease, and they...

Oil/Gas: mineral acre offer
The offer is for a lease, right? You didn t say and you haven t provided the exact language of the offer. Some unscrupulous operators make it sound like a lease, but really the offer is to purchase your interest permanently. Assuming it is an offer to...

Oil/Gas: mineral share of production, granting a lease for well re-entry
granting a lease for well re-entry: For a number of years now, the Oklahoma Corporation Commission has awarded a customary 3/16ths royalty in its forced pooling orders, for the forced leasing of mineral interests where the owners cannot be located, or refuse to negotiate. It would seem that...

Oil/Gas: Ownership of well
No. The lessee has a reasonable time to get the well back online. If they don t, then your lease would expire but that doesn t mean you could take ownership of the well. You own the mineral rights and land, not the well. Hope this helps you out. Frederick...

Oil/Gas: Activity in Oklahoma
The a href= http://www.occeweb.com/Orawebapps/OCCOraWebAppsone.html Oklahoma Corporation Commission /a (the regulatory body for oil and gas in Oklahoma) has a wealth of information available online relating to oil and gas activity and production in Oklahoma....

Oil/Gas: calculating gas production payment
The formula that a division order analyst uses to calculate the royalty decimal to be paid to a royalty owner is this: MI x Royalty Rate x (# Lease Acres Included in Well divided by Total Acres Assigned to Well). Your formula will read: 3/16 x (What...

Oil/Gas: ellis county OK mineral rights
Mark, if you have not received an offer to renew the lease, it s likely they aren t interested this time around. In fact, the most recent leases I ve seen filed here were filed in early 2012. The a href= http://www.occeweb.com/Orawebapps/OCCOraWebAppsone.html...

Oil/Gas: Gas and oil rights info, creek county, Oklahoma
An old oil and gas lease signed by one of your relatives likely means they at one time or another owned some mineral rights in those sections. How much is unknown however, unless you can find other documentation showing the net acres they owned (only the gross...

Oil/Gas: Inherited Royalties
Based on this second set of information you gave, I don t believe there are any interests missing. Based on my experience, what probably happened is that many decades ago, an ancestor of your uncle(grandfather, great-grandfather?) owned the entire North Half...

Oil/Gas: inherited royalties, finding inherited mineral rights and revenues
finding inherited mineral rights and revenues: Based on the additional information you have provided, I strongly recommend that you hire an independent landman to run title for you. Even though records in this Oklahoma county are available online, there is no guarantee that all of the documents necessary...

Oil/Gas: inherited royalties, rectangular survey system, missing royalty rights
rectangular survey system, missing royalty rights: I want to help you discover everything your uncle s mother owned in her name at the time of her death. But to do that, I need to make sure I begin with clear and complete information. Please look again at the legal descriptions you give in your post. ...

Oil/Gas: Logan County Mineral Rights Value
The a href= http://www.occeweb.com/Orawebapps/OCCOraWebAppsone.html Oklahoma Corporation Commission /a (the regulatory body for oil and gas in Oklahoma) has a wealth of information available online relating to oil and gas activity and production in Oklahoma....

Oil/Gas: mineral rights records, determining inherited mineral interests
determining inherited mineral interests: Jill, Unfortunately there is no easy way to determine where you may have possibly inherited mineral rights from your family. The only way to determine what you own would be through a mineral title examination in each county in which you think your grandfather...

Oil/Gas: Natural Gas Royalty Offer
The a href= http://www.rrc.state.tx.us/data/online/index.php Texas Railroad Commission /a (the regulatory body for oil and gas in Texas) has a wealth of well information available online concerning oil and gas activity. You can look up such things as...

Oil/Gas: O&G Fraud by Family Member
You need to visit with an attorney about this, preferably one who works in the county where the mineral rights are located (cheaper that way.) If someone forged both your name and a notaries credentials on a deed that would be a crime of course and thus any...

Oil/Gas: Oil and Gas Lease, find Oklahoma oil and gas lease online
find Oklahoma oil and gas lease online: First, you need to know the exact name of the Lessor named in the OGL (oil and gas lease). If it is you, and you ve lost or misplaced your file copy of the lease, your full name will be the Lessor in the lease. If the lease is not more than 15 years old...

Oil/Gas: oil&gas lease primary contacts, old oil and gas lease, determine lease status
old oil and gas lease, determine lease status: You ve asked an excellent question, probably the most common question among landowners who have inherited mineral rights or acquired them from inside their family. Unfortunately, there is no easy answer. But I hope I can point you in the right direction....

Oil/Gas: Oil well pool, drilling unit boundaries
drilling unit boundaries: Mr. Guthrie, The proximity of your tract of land from a drillsite does not ensure that you will, or will not, be pooled into the unit for the well. Unfortunately the unit line can be 5 feet away from your property, but if your property does not lie within...

Oil/Gas: ownership of tracts, company income source, company producing properties
company income source, company producing properties: You mention that Trinity Petroleum is listed on the otc bb . I take this to mean they are a publicly-traded corporation. I am absolutely no expert on SEC matters, so I don t know if a foreign corporation (the same Trinity Petroleum as headquartered in Queensland?)...

Oil/Gas: Payne county Oklahoma
The Oklahoma Corporation Commission is the oil and gas regulatory body for the state of Oklahoma, and on their website you can find a wealth of information about what s going on in the area where your mineral rights are located. You can search for production,...

Oil/Gas: ROW affect mineral ownership?
A surface ROW merely conveys the right for someone other than the property owner to pass along or use a specific portion of land for the purpose stated in the ROW. The actual ownership of the land or minerals will not change hands due to the right-of-way to...

Oil/Gas: seismic survey
There are many possible reasons why nothing was done on your families land. here are a few possibilities. 1.) after the study was finished it could of been thought that nothing was worth pursuing at that time. in other words, the results might of shown...

Oil/Gas: Value of Mineral Rights, selling minerals
selling minerals: Good evening Janice, I would love to help you and your family. I m sure you have seen how I have helped many others throughout the U.S. determine the value and help them convert this passive asset into one they can handle as they wish. If you will please...

Oil/Gas: assignment of oil and gas lease, family deeds inheritance
family deeds inheritance: To answer your question directly: yes, it could be more than just a souvenir. It could represent a real property asset that members of your family might collectively own through statutory inheritance (how land is automatically inherited when there is no Will,...

Oil/Gas: horizontal drilling - lease bonuses, Rusk Co, TX
Rusk Co, TX, Production Agreement: Donna I haven t reviewed a Production Sharing Agreement nor been presented with one to execute as a mineral owner myself in TX. If you would like to email me a copy of the agreement I would be interested in seeing it and let you know what my opinion is...

Oil/Gas: Lease
Lease prices are based on the value perceived by the lessee, as well as how much potential competition there may be from other lessees. In early 2012 that offer would have been pretty low in my opinion. Maybe not so much now however, as activity has decreased...

Oil/Gas: Oil & Gas Grant
Without seeing the document, I cannot answer your question accurately. The specific language in the document titled Oil & Gas Grant could make it a royalty or mineral rights conveyance, or could make it some form of term permission that is not permanent....

Oil/Gas: oil and gas mineral lease, lease bonus offer, Dewey County
lease bonus offer, Dewey County, OK: Rodger, Thank you for the compliment, I limit my questions on AllExperts only because I want to answer each one very carefully and that requires much thought. As far as finding comparable leasing terms that is not information that is of public record so...

Oil/Gas: pooling unit
Bonnie, the best place to start is with Jay-Bee, and talk to the in-house landman assigned to Tyler County, WV wells. Landmen understand how important it is to maintain good business relationships with landowners, so I have never known one who turned away...

Oil/Gas: received oil and gas lease fair price?
Probably is the current going rate, though I d opt for a 3/16 royalty and perhaps less bonus, though the area is not that productive currently so 1/8 and more money might be more to your liking if you own more than just a few acres in each. I would also...

Oil/Gas: swabbing
First off this should not be used as advices of any sort. I personally would not use a crane as I do not think you will achieve the necessary down hole pressures to accomplish the purging of the well or swabbing. Once again this is not advice but a story...

Oil/Gas: swabbing and standing valve fixation
I think this may be possible, but the rigging may be more complex. You need to discuss this with the crane company and the crane operator in great detail before the rig up begins. Also, you need to perform a JHA (Job Hazard Analysis) prior to the operation...

Oil/Gas: AFE payment
I wish to reiterate that working on the purchaser side of the business this is not my area of expertise. We have, however, been instructed to set up leins against working interest owners for non payment of their JIB (Joint Interest Billing) which seems a far...

Oil/Gas: Cleveland County, OK Lease Offer
If you own only a few acres I would ask offer them a ONE year lease, NO bonus, and 1/4 royalty. That way you won t have to tie up your minerals more than a year and if a well is drilled you ll get a 1/4 royalty instead of just 3/16 or 1/8. Most companies will...

Oil/Gas: Division Order Decimal, division order calculation, forced pooling orders
division order calculation, forced pooling orders: You state you were not force pooled. That means you signed a lease or your interest is covered by a lease signed by someone else (an ancestor, maybe). Your lease contains a specific royalty rate that was agreed between the Lessor and the Lessee. If your...

Oil/Gas: Gas Lease
I agree you should understand what you are signing before you sign it. If the lessee won t give you the attention you seek then have an oil and gas attorney review the lease for you. A lessee will try to lease the easy ones first, and if you are giving them...

Oil/Gas: Jackson County, OK Activity?
The Oklahoma Corporation Commission is the State regulatory body for oil and gas in Oklahoma. Check the OCC website for info on drilling activity, permitting, production etc. near where your mineral rights are located, or anywhere in Oklahoma. occeweb.com....

Oil/Gas: Love and McClain County activity?
The Oklahoma Corporation Commission is the State regulatory body for oil and gas in Oklahoma. Check the OCC website for info on drilling activity, permitting, production etc. near where your mineral rights are located, or anywhere in Oklahoma. occeweb.com....

Oil/Gas: Mineral Deed and Royalty Deed 20 yr reversion, royalty deed, mineral deed
royalty deed, mineral deed: Ryan, Each state has its own mineral laws. In Louisiana, a royalty deed can be granted up to 10 years; no more. However, production can perpetuate the royalty servitude as long as there is production and until there is a continuous 10-year span of non-production....

Oil/Gas: Mineral Rights, seismic survey permission, foreclosure
seismic survey permission, foreclosure: Without seeing any documents, I am limited in how much light I can shed on your situation. To begin, I am assuming that you bought a house on either a town lot or a small parcel of land? More often than not, the purchase of a residential property (even a...

Oil/Gas: Mineral rights ownership
Oil companies generally accept one of two ways to cure title when an owner passes away and the courthouse records are not updated where the owner s land is located. It sounds like her will was probated in Texas, which would have been the correct jurisdiction...

Oil/Gas: Oil and Gas Lease, oil and gas lease terms
oil and gas lease terms: Tara, The information you stated under the term Lease terminology is not conclusive in itself to determine whether the royalties to be paid will be paid at the well [without transportation, compression, etc. charges] or after the cost of transportation...

Oil/Gas: oil and gas lease terms
I would also check with Continental Resources, as they are leasing in some of the adjacent sections this year. Also RD Williams. Both probably have Oklahoma offices. One or both of them might also be leasing for B&W. You can call and ask them. Depending...

Oil/Gas: old oil well and AFE
#1) There are many factors that can cause a well to produce water. Typically, the hydrocarbons will sit on top of the water and when the perforations are made in the casing they shoot in the upper section of the reservoir. As the hydrocarbons are produced...

Oil/Gas: owner of mineral rights in hydro, ok, ownership of mineral rights
ownership of mineral rights: Missy, If you contacted the tax assessor s office for the county in which the property is located, you should be able to give them either the legal description of the property or the name in which the property may be assessed, to get an idea whether your...

Oil/Gas: Ownership research
The will needs to be probated in Oklahoma (called an ancillary probate ) if it has not been done already, in order to pass title legally to your grandfather s heirs. To find out for sure who owns the rights in Roger Mills County you d need to do a title...

Oil/Gas: pooling
How do you know that you have: 1. 160 acres and 2. Your acres are pooled? There must be some type of contract/document or record somewhere. I would suggest that you read your contract over again and/or all recorded documents that referre to your ...

Oil/Gas: Pottawatomie OK lease offers
Not much activity in this township so I d say you don t have much negotiating power here, nor are there many lease offers to compare yours with. I would concentrate on getting a no-deductions and depth clause included in your lease if you choose to lease....

Oil/Gas: Production rates
Mark, Sorry for the delay in responding back. I have not had any extra time to look into the API number or any of the surrounding production near by. Maybe contact the TRRC or the operator of those other wells to get a better understanding of what is...

Oil/Gas: Value of Mineral Rights
Sure, if you are planning to sell them you can send the info to info@mineralhub.com and I ll take a look and see what they may be worth in today s market. You can also A HREF= http://www.mineralhub.com/list-minerals/ list them /A for sale on the Mineral...

Oil/Gas: Discrepancies on Division Order, Louisiana well names, proving ownership
Louisiana well names, proving ownership: I m glad to give you a little more clarification to help you. Claiborne Parish is in north Louisiana, right up against the Arkansas border. When north Louisiana (above the 33 degree parallel) was surveyed by government surveyors, the lands were all divided...

Oil/Gas: Division Order Interest, division order calculation, non-participating royalty interest
division order calculation, non-participating royalty interest: Non-participating royalty interests can be owned two ways, depending on the language in the granting clause or reservation clause in the deed or other conveyance: (1) As a specific fraction of the royalty rate stated in any current or future lease, or (2)...

Oil/Gas: dont know where to start, finding lost heirs to royalties
finding lost heirs to royalties: I hope I understand your information and question correctly. The letter should have stated the name of the last-known owner of the royalties, otherwise your mother-in-law would not be able to help them. Is the name given in the letter unfamiliar to her?...

Oil/Gas: executive rights, executive rights to mineral rights
executive rights to mineral rights: Mineral rights normally include the right to negotiate and sign an oil and gas lease, called executive or executory rights. It is possible that your mother signed a conveyance document transferring only the right to negotiate and sign an oil and gas lease...

Oil/Gas: Hughes County, OK Lease Offer
With only two acres I d shoot for a 1/4 royalty and no bonus unless you really need the cash right now. A producing 1/4 lease over time will more than make up for not receiving a bonus on your 2.2 acres with a 3/16 lease. Note: I say no bonus and 1/4 because...

Oil/Gas: My lease, Probate, mineral rights
Probate, mineral rights, royalty: Forgive me if I seem to be stating the obvious, but I would suggest trying to locate Cabot Oil & Gas. I just Googled th myself and found this website www.cabotog.com. They have an online Royalty Owner Inquiry form there. I d fill that out with the data you...

Oil/Gas: Leasing after division order/force pool?
Probably not, unless (and it s possible) the forced pooling only included certain formations/depths, and this new company is wanting to lease a different formation/depth. Check the pooling order and then find out what depths the current company is interested...

Oil/Gas: Mineral rights lease, subsurface wellbore
subsurface wellbore: Keith, This is a great question. In the recent years, many Operators have revised their standard oil, gas and mineral leases to include language that allows the Operator to use the surface of a property to drill down vertically, and then turn and drill...

Oil/Gas: Oil/Gas Lease in Stephens County, OK
Pooling Orders are notorious for including the names of owners who either no longer or never did own anything in the pooled section, but I would call the land company that made you the offer and ask them whether they have run title yet. If they have, then...

Oil/Gas: OIL & GAS LEASES, royalty payments to proper heirs
royalty payments to proper heirs: Lyedea, An Affidavit of Heirship is filed of public record so that third parties can be put on notice and if the facts contained in the Affidavit are untrue, then parties who can establish different facts have the opportunity to do so. However, there is...

Oil/Gas: Pooling/Drilling and spacing/Silver Creek Oil and Gas, LLC, oklahoma pooling procedures
oklahoma pooling procedures: No, there is nothing to be worried about. Silver Creek is forming a pooled unit for a well they want to drill, and either there are unleased mineral rights inside their planned pooled unit area, or uncooperative oil companies who own some of the oil and gas...

Oil/Gas: How do I get the royalties?
You need to tell them what you just told me. You probably should call them and ask to speak to someone in their land department about getting the division orders changed, but you are also right to put it in writing. Let me know if they don t get it fixed...

Oil/Gas: Division Order, division order calculation incorrect
division order calculation incorrect: Civil court generally is always available to settle disputes when all other means fail. But I suspect you are a long way off from that, just yet. As for a statute of limitations, it depends on the root of the problem (is it a mathematical error, or misinterpretation...

Oil/Gas: Division order and lease, post-production costs, royalty deductions
post-production costs, royalty deductions: Let me begin by saying that oil and gas, when it is still in the ground in Texas, is treated as real estate property. When it is produced and severed from the ground at the wellhead, that same oil and gas becomes personal property just like a diamond ring...

Oil/Gas: Division Orders
You wrote: The power of attorney document appointing my brother and older sister co-attorneys-in-fact had been properly filed on November 2, 2005 and signed by my father, witnessed and notarized, on May 9, 2003. My thoughts are that if your father was...

Oil/Gas: Force Pooling, Oklahoma force pooling, shallow depths
Oklahoma force pooling, shallow depths, deep depths: What you have is called “shallow production” –what has been producing for many years. In Oklahoma, shallow production cannot hold the deeper depths in the lease forever. In your case, those deeper depths had already expired according to Oklahoma law. Your...

Oil/Gas: land in Bryan County
The only way to do this with any accuracy is to hire a licensed real estate appraiser, one who is licensed to appraise Bryan County property (whichever state your county is in--Oklahoma and Georgia both have a Bryan County). If the real estate appraiser you...

Oil/Gas: Lease off for mineral interest, lease offer, OK
lease offer, OK: Paula, I don t know what the offers are in this particular area of Creek County, OK, and I would suggest that if you know anyone with land close by that you contact them to see what their offers are, just so you will have an idea. Also, on the internet there...

Oil/Gas: Lease offer received
It s a lease offer, not an offer to purchase. Without knowing where they are it s impossible for me to tell you whether the offer is fair or not. You might read the Leasing Tips article I ve posted on the Mineral Hub, as it explains the leasing process in...

Oil/Gas: Mineral rights
You could certainly insert a no-deductions clause into the lease to offset their deductions of the proportionate part of just about everything you mentioned. I m sure they have a version of such a clause, though best to draft your own or have an Oklahoma...

Oil/Gas: Mineral Rights
Quitclaim deed should work just fine really, if he wants to/needs to dissolve the trust. If the trust doesn t have to be dissolved there may be advantages to keeping them in trust. Check with your attorney and/or accountant on that. I would probably at...

Oil/Gas: Mineral Value Lincoln County, OK
$625/acre is probably not a bad offer considering the lack of activity in that township these days. There are some producing wells there, and perhaps the reason you received the offer was due to the drilling of the Ledford well there in 2013. You may or...

Oil/Gas: oil royalties transfer in kansas
You ll need to notify the operator of the well that your wife is deceased and you inherited her mineral rights. You ll need to prove to them you inherited them by submitting a copy of her probate or some other acceptable paperwork stating that you are the...

Oil/Gas: Payout, payout of well
payout of well: Rick, Payout only occurs after the drilling and completion costs are paid from production from the well. The definition of payout is usually set forth in a written agreement between the parties. I am unable to answer your question because I do not know...

Oil/Gas: Protective Leases
I have never heard of a protective lease myself, but I assume it could mean they want you to warrant the title to the minerals they think you own. Most leases have a warranty clause to that effect. If you are not sure you own them then I would strike...

Oil/Gas: Question on Proceeds from well, chris termeer
chris termeer: First off I would suggest you buy my book fundamentals of investing in oil and gas as I think it would help you out greatly. I try to separate myself from situations that involve 2 locations that are separated by large distances. E.G. your message was...

Oil/Gas: Sale Mineral Right Hughes Co Oklahoma
Considering current oil and natural gas prices (oil down about 50% over the past few months) and assuming no permits for new wells (I didn t see any) or current lease offers of more than $50/acre I d say $425/acre is indeed a fair offer currently, though...

Oil/Gas: SWD values
Disposal wells? I personally would not get involved in a disposal well unless you personally have a need for it. I have heard of disposal wells for sale and how they are cash flowing as companies such as facing need a place to dispose of their waste....

Oil/Gas: transfer of Texas mineral rights from deceased relative, title transer, deceased owner
title transer, deceased owner: You say your uncle died and left you his mineral rights to land in Texas. For that to have occurred, he must have left a Will and that Will must have been probated. Without a probated Will, the Texas laws of descent and distribution would have applied, and...

Oil/Gas: Well Capping?, lease terms, deductions
lease terms, deductions: Jim I don t have a representative out in the Utah area, so I am unable to refer you to anyone out there, but I can address the two questions you point out in your question to me. First, usually an Operator is allowed to keep a well -shut-in for no more...

Oil/Gas: Disbursement of mineral rights, mineral interests in trust agreement
mineral interests in trust agreement: Randy, The Trust document will be the guide to the way the interests can be divided, or not. You will need to engage an attorney to handle this for you as it will require being handled through the court system, I am sure. If you need me to recommend an...

Oil/Gas: inherited mineral rights, Probate, inheritence
Probate, inheritence, mineral rights: In order to obtain the minerals you will need to probate his will or have an affidavit of heirship prepared and recorded in Lincoln County, OK by a non heir. A will is not honored unless it is probated. The recording and preparation of an affidavit of heirship...

Oil/Gas: Lease renewal
I don t have enough information to answer this question. The language of the lease controls. What does it say? Are you saying that you are an original party to the lease, or some other person is? If you would like to fax me a copy of your lease, I would...

Oil/Gas: Force Pooling-OK
If I understand correctly, you have a total of 160 net mineral acres that you acquired from 2 sources: 80 net mineral acres gifted directly to you from your father, on which you granted a lease directly to Company A. Then another 80 net mineral acres that...

Oil/Gas: Mineral Rights-What to Do If You Don't Know
I would recommend that you hire an attorney to assist you. Oil and gas companies are sometimes not as cooperative as they could be in making royalty payments to those entitled to them. Assuming that you do not want to hire an attorney, one action you can...

Oil/Gas: oil and mineral rights, mineral rights under government lands
mineral rights under government lands: Sharon, If the minerals are reserved against a government entity, the minerals will remain with the private landowner who reserved the minerals at the time the government acquired the surface into perpetuity. If you and your sister have been recognized...

Oil/Gas: ORRI calculations, override reservation, overriding royalty calculation
override reservation, overriding royalty calculation: If the royalty reserved in the lease is stated as 1/4 or 25%, then yes, the overriding royalty reserved in this case would be zero. You will find that often times an assignor will use a particular assignment form because it contains specific language in other...

Oil/Gas: Termilogicy on well data reports
Terminology could change from person to person and state to state. I would recommend finding all of your recorded documents and see what they say. Better yet if you know the property go for a drive and write down all of the contact numbers on the wells....

Oil/Gas: gas lease
Mr. Nichols, I m not clear on what the question is. It would help me to know the state where your property is located. Did the lessee company drill a well and if so, when did they drill and complete the well? Are you receiving royalty on the production...

Oil/Gas: lease
Yes, it appears that they can do this, based on what you have told me. It sounds like the terms of your oil and gas lease allows them to convert the advance rental payments to advance royalty payments, and recoup them since a well was drilled prior to Year...

Oil/Gas: Mineral Rights, horizontal drilling, mineral rights
horizontal drilling, mineral rights: Gregory The Oklahoma Oil & Gas Commission has the obligation to hold public meetings to let all interested landowners come and ask questions such as yours. The Operator of the proposed well is supposed to send out a letter to all landowners within one (1)...

Oil/Gas: mineral rights, Probate, affidavit of heirship
Probate, affidavit of heirship, purchaser: You will need to find out who is paying on the interest and then contact them. If they pay by record title you will be required to provide probate documents or an Affidavit of Heirship which has been recorded in Payne County. I suppose that Calyx is the operator...

Oil/Gas: Mineral rights in Colorado
You ll have to talk to a tax expert about the basis of inherited property. Assuming that it is the fair market value on the date of the death of the decedent from whom you inherited, then perhaps a valuation expert could give such an opinion. None of that...

Oil/Gas: Mineral rights for a joint oil right, mineral ownership interests, royalty revenue
mineral ownership interests, royalty revenue, Operator: Sherry, I regret to respond with: Welcome to the world of mineral ownership ! You are not alone in your frustrating situation! There are many, many other mineral owners [including myself!!] that deal with these issues everyday. There s not many days that...

Oil/Gas: past history of lease
The Texas Railroad Commission (the Texas agency that regulates oil and gas in Texas) has a website that contains the answers to pretty much all of your questions here. You can go to http://www.rrc.state.tx.us/about-us/resource-center/research/online-research-queries/...

Oil/Gas: Right of Way for pipeline, Surface use without easement agreement
Surface use without easement agreement: I believe you are asking about what is called the dominant estate doctrine in Texas. If your land is not located in Texas, your question could require a complicated answer, which I am not prepared to provide at this time. But if your land is in Texas, please...

Oil/Gas: sub-surface right of way
If you have not signed a lease, or the oil company who is wanting to drill the directional well does not own any part of the lease you signed, I strongly recommend you seek the advice of the attorney, for several reasons. First, unless you have entered...

Oil/Gas: Copy of oil and gas lease?
You can obtain a copy of your oil and gas lease either from the company that took the lease, or from the county clerk s office in the county where the mineral rights are located (all leases are filed of record there). Hope this helps you out! Frederick...

Oil/Gas: Mineral lease, oil and gas lease
oil and gas lease: Joyce, I would recommend that you not accept the first offer someone makes. Usually, the initial offer is not the highest offer. You did not indicate how many acres you own, but that is helpful to know because large landowners will have a stronger negotiating...

Oil/Gas: mineral rights
Go to www.mineralhub.com and list them for sale there using the Sell Mineral Rights link. You ll get the best exposure to multiple buyers that way. You can put a price on them or just list them as make offer if you prefer and we ll see what kind of offers...

Oil/Gas: Offer to purchase mineral rights
Parts of Dewey County (Oklahoma I presume?) are fairly active, however it is a large area and so without a more accurate legal description it s hard for me to tell you what s going on in your specific area. You can always check current drilling and permitting...

Oil/Gas: Oi/Gas News, well activity
well activity: Mr. Spivey, My research in Clay County, TX, around Blks 94 and 95 does not provide any new permits filed. You can go to the Texas Railroad Commission site at www.rrc.state.tx.us/oil-gas/ to look into this county for further information. Best of luck....

Oil/Gas: Property in Pottawatomie County OK
The Oklahoma Corporation Commission is the State regulatory body for oil and gas in Oklahoma. On the OCC website (www.occeweb.com) you can search for drilling permits, completion reports, as well as current or past production figures for wells near where your...

Oil/Gas: Reeves county lease extension
I would agree that 18 months is better though they might not offer you as much cash for a shorter renewal period. If a really good well was drilled next door then I think there would be others interested in leasing your mineral rights, but you seem to have...

Oil/Gas: Working interest, tax on WI
tax on WI: Brian, I am unable to offer you any tax advice. I would suggest you ask a CPA about this. They should be able to answer your question without a doubt! Best of luck and thank you for your inquiry although I am unqualified to provide tax advice. ...

Oil/Gas: Blaine County Oklahoma
The Oklahoma Corporation Commission is the State regulatory body for oil and gas in Oklahoma. On the OCC website (www.occeweb.com) you can search for drilling permits, completion reports, as well as current or past production figures for wells near where your...

Oil/Gas: Ellis County Oklahoma
I wouldn t lease for more than three years, and if they are planning to drill later this year, then you may decide to agree to just 12 months, though of course you d receive less per acre for the bonus for the shorter term most likely. Lease prices have...

Oil/Gas: inherited mineral rights
I don t understand what you are trying to tell me here, or what specific information you are asking for. An oil and gas lease is a contract that requires your signature to be witnessed, and it is always sent along with either a check or a draft for an amount...

Oil/Gas: Lease/Mineral interest, unleased interest, force pooled
unleased interest, force pooled: Chris, There are several different manners in which an unleased owner is entitled to recover what is owed them as a result of a well being drilled in which they have an unleased interest, all based on the reasons why the owner is unleased. Is he unleased...

Oil/Gas: Mineral Deed, unfiled deed
unfiled deed: Kathy, An unrecorded Deed is not ineffective as to the parties, but is ineffective for third party notice. I m not sure what the public records reflect, insofar as the ownership, but this would be best handled by an attorney in the area who could look into...

Oil/Gas: Non- Participating Royalty Interest, NPRI interest post-production costs
NPRI interest post-production costs: Post-production costs (the deductions you are talking about here) are only deducted for gas, not oil. The answer to your question is no ONLY if a previous owner of your NPRI interest has ratified the lease (or if you did), and ONLY if the lease contains...

Oil/Gas: How to tell if we have a fixed NPRI or a floating npri
James, I was contacted by Devon Energy this morning concerning your questions and my answers to them, that they found on the internet. It is up to you, but if you would like to speak with someone at Devon with the authority to resolve your issues quickly...

Oil/Gas: Oil and Gas Leases, Probate, heirship
Probate, heirship, mineral rights: You need to first verify that the lease has been kept active by production or in some other means. It may have expired. Did she own just the surface land or all the minerals? If she owned a mineral interest of any kind and there is an active lease you...

Oil/Gas: oil royalty payments, taxing of oil and gas properties, Texas
taxing of oil and gas properties, Texas: James, Yes, the state of Texas taxes the owners of a property that are producing oil or gas. If you were the only one who received a tax statement, then I assume they show you with 100% of the ownership and it will be up to you to divide the taxes due...

Oil/Gas: Statutory Interest in Oklahoma
I don t have any case law handy, but the STATUTE requiring interest on late royalties can be found within the Oklahoma s Production Revenue Standards Act, which consists of Sections 1-15 of Title 52 of the Oklahoma Statutes (see below). I don t see the...

Oil/Gas: intersted in selling oil and ineral rights, mineral interests, royalty interests
mineral interests, royalty interests, deeds inherited: Christian, I would be happy to look into this for you and advise you further. This is my passion and what I love to do and feel is my calling. If you will contact me by email at lfitzgerald@iliosresources.com and be prepared to fax over to me all the...

Oil/Gas: Leasing mineral rights myself?
In most cases (by far) a potential lessee will contact YOU if they are interested in leasing your mineral rights, assuming they can find your contact info by searching the county clerk s records in the county where the mineral rights are located. Most companies...

Oil/Gas: Mineral deed, royalty revenue, mineral deed
royalty revenue, mineral deed: Hello Azure, Yes, you are correct. Just because a mineral deed has property listed on it, does not necessarily mean that good and marketable title was acquired by you in that particular property. Only through a full blown title examination would it be possible...

Oil/Gas: mineral rights value, mineral rights evaluation
mineral rights evaluation: Jim, Most mineral rights appraisers that I am aware of are actual mineral buyers themselves. If you have obtained several offers and would like for me to review them to give you an opinion as to which seems to be most favorable to you, I will be happy to...

Oil/Gas: Need help
The landman can likely tell you whether the records were updated to show your ownership once they finish their title examination, which they will do prior to paying you any lease bonus. Lease bonus amounts are subjective. It s basically whatever the market...

Oil/Gas: O & G Leasing in Grant County, OK
I m not sure why there s no activity in your section, though there are certainly plans for or already-drilled wells in several of the adjacent sections. Of course a lease grants only the right to drill, not the obligation to drill, so it s really no guarantee...

Oil/Gas: Finding Description of T & R and Section
The POA isn t going to help you with someone who is already deceased of course. The landman should be able to help you determine the acreage etc. and if he/she won t then you can go to the county clerk s office as you mentioned and run the title. In Oklahoma...

Oil/Gas: Hughes County OGL Bonus
$50? Sounds pretty low to me unless the unit size is only 40-80 acres or something, rather than a quarter section or larger. It s normal for them to charge for gathering and transportation, but that doesn t mean it s something you have to agree to. I usually...

Oil/Gas: oil lease
OK. I am assuming that you are the working interest owner in this situation. Part of the answer depends on your agreement with the operator. Most leases automatically terminate if production ceases, and consequently, the terms that govern cessation of production...

Oil/Gas: Oil lease expense default
Sorry, but you have not provided enough details. The only answer I can give is not necessarily. The question is also ambiguous. Dormant suggests no activity. Working interest expenses suggest the opposite. I would need more facts to understand what...

Oil/Gas: oil royalities and bankruptcy chapter 13, Bankruptcy effect on royalty revenue
Bankruptcy effect on royalty revenue : Michelle I am not real familiar with bankruptcy proceedings but do believe that you are required to furnish a statement in regard to your assets and your income. I do not know if the oil and gas revenue is then attached to and used to pay your debtors but...

Oil/Gas: Selling Minerals
My question to you would be why do you think they re worth $4500 to $5000/acre? If you re of the opinion they are worth that much then you should be able to back up that valuation with some relevant facts if you are hoping to convince anyone to pay that much....

Oil/Gas: Spacing Rules - Max Amount of Wells per section in Oklahoma
It s up to the Corporation Commission in Oklahoma to authorize how many wells per spacing unit, but I have certainly seen more than one 640 with eight wells on it so it s definitely been authorized before. Usually the operator will see how the first well comes...

Oil/Gas: value of royalty and how to tell if oil co. is paying me the right amount
If you want to sell them, list them for sale on my website, a href= http://www.mineralhub.com The Mineral Hub /a . It s free to list, and you ll get exposure to lots of buyers who will then contact us and make offers. The more the merrier right? We get...

Oil/Gas: Visible unmanned well issued
If you see a well on fire I would definitely call 911 unless the fire is due only to gas flaring that is normally done on some oil wells. I would guess it s the same responsibility you d have if you saw a car on fire on the highway. I would also alert...

Oil/Gas: crude oil on residential property., Oil rights, TX
Oil rights, TX, mineral interest : Ruth If you did not receive the mineral rights when you purchased the land then you do not own the oil rights. Although I certainly understand your concern with building a home near oil and gas activity, there are certain rules and regulations that prohibit...

Oil/Gas: How to find out if I should have been receiving royalties?
If the lease had resulted in production you would have been notified by the operator or purchaser of the production and would have been asked to sign a division order so they could begin paying you royalty. If you did not receive a division order and have...

Oil/Gas: Hodgeman County oil lease, Lease offers, royalty rights
Lease offers, royalty rights, gas costs: Keith Thanks for entrusting me to provide you with oil and gas advice. I love what I do and love to help people so this is a win-win opportunity for me. I do not know what the lease values are in your area but would suggest you always counter from their...

Oil/Gas: Oil & Gas Lease Assignment
Usually it s just one company assigning the rights they leased from a mineral owner over to another company. It could also be a landman who leased the mineral owner signing the lease over to the oil company who hired him to buy leases for them. Hope this...

Oil/Gas: Royalties paid to Texas as unclaimed
Yes, you should be able to do so. The State doesn t like receiving royalties (or any funds) after an owner has contacted the holder and therefore, the funds are no longer abandoned as defined by Texas law. It creates a bit of work for the oil company, but...

Oil/Gas: Selling Mineral Rights
Giving up your mineral rights might not be the best verb here, as of course you will get money for them so will hardly be giving them up, but I get what you re saying. If you want to sell them check out www.mineralhub.com (my website). You can list...

Oil/Gas: Subordination Agreement, subordination agreement, unpaid royalties
subordination agreement, unpaid royalties: A Subordination Agreement normally is requested by a division order analyst to subordinate a lease to a mortgage, and then usually because a title opinion recommends that one be obtained. A mortgage company signs the subordination agreement if one is needed....

Oil/Gas: Transferring mineral deeds to children
Preferred would be to have an attorney or someone else familiar with the process draw them up for you. Use Legal Zoom etc. at your own risk. You don t legally HAVE to use an attorney and could draft them yourself if you re able, but I d suggest not doing that...

Oil/Gas: Inheritance - Real Property, deceased uncle mineral rights, rights of distribution
deceased uncle mineral rights, rights of distribution, oil and gas mineral interests: Nicolas, You are correct, if your Uncle Larry died without a will (intestate), his interest would be distributed equally amongst his collaterals (siblings), and then by stripes (children of his deceased siblings). Usually, an oil and gas company will...

Oil/Gas: Oil and Gas lease in Woodward Co Oklahoma, Woodward Co OK, lease terms
Woodward Co OK, lease terms, mineral interests : Jeanette Considering the activity in this area and development I feel the current offer is low. If you would like to contact me directly so I can offer you more specific thoughts on this, please feel free to do so. My email is lfitzgerald@iliosresources.com....

Oil/Gas: oil on my land
I would look into buying my book fundamentals of investing in oil and gas you can get a copy for around 20 bucks on Amazon. The book should give you some good idea of what needs to happen. You could also hire a geologist but I think my book would be cheaper...

Oil/Gas: Stuck pipe, stuck pipe, cutters
stuck pipe, cutters: There are several methods available including; assisted back-off devices, chemical cutters, mechanical cutters, explosives, sand jetting cutters and probably a few more that I can t think of right now. The depth, well inclination and complexity of your operation...

Oil/Gas: Gross Acres
If the 1957 lease is now expired as to all acreage and as to all depths, and the 2004 lease was signed to take its place, then yes, you are entitled to the 1/6 royalty interest. If the 1957 lease is still alive but covers only some of the original acreage,...

Oil/Gas: Inherited Mineral rights, Probate, intestate
Probate, intestate, decent and distribution: I am not an attorney and it may be advisable to seek the opinion of an attorney familiar with oil and gas or mineral rights and inheritance, etc. In my experience; however, when a person dies with no will - intestate - an affidavit of heirship may be prepared...

Oil/Gas: mineral lease and seismic report, landowner right to seismic reports
landowner right to seismic reports: The answer to your question depends on the terms of your lease. You say you are a Lessor, so I understand that to mean that you signed a lease some time back. Look at the terms of your lease. If it has a clause in it saying that you are entitled to a copy...

Oil/Gas: Minerals gas & oil, mineral offer, Carter Co OK
mineral offer, Carter Co OK, oil and gas minerals: Shar, If you would like for me to evaluate it, at no cost to you, I will be happy to do so. If my evaluation meets or exceeds the price per acre you have been offered, then we can talk further about the terms of the offer being made. Many times, one offer...

Oil/Gas: oil and gas lease, Lease terms, royalty offer
Lease terms, royalty offer : Natalie The offer that has been presented to you gives you an option to either choose $250 per net mineral acre or $150 per net mineral acre. However the royalty offered is higher with the lower bonus amount taken. With the $250 per acre bonus you are being...

Oil/Gas: Oklahoma Production Revenue Standards Act
They owe you interest only to the extent they didn t pay you on time, therefore, only on your royalty interest and not on the entire well. It is 12% if you have marketable title, 6% if you don t. In all likelihood you will have to sue them to collect it....

Oil/Gas: Paid Up Oil and Gas Lease, depth limitation lease
depth limitation lease: No, it absolutely does not sound right, because it is not right. T. S. Dudley does NOT get your deep rights lease for free. That s ludicrous. The lease is void for lack of consideration (bonus payment). Has the lease been recorded? If so, I strongly recommend...

Oil/Gas: pooling, force pooling, record title
force pooling, record title, mineral rights inheritance: The terms of the force pooling order control. The force pooling order holds your lease beyond January 22, 2016, only as to the acreage included inside the pooled unit, and only as to the specific formation (depth range) stated in the order. All of the lands...

Oil/Gas: Cost Basis, mineral sale, tax basis of mineral sale
mineral sale, tax basis of mineral sale: Robert, You can use a “stepped-up” basis in the mineral interest. Rather than use your grandmother’s basis from many years ago (which is probably extremely low and would result in a huge gain given today’s appreciation), the IRS will allow a step-up in...