About Experts Sitemap - Group 39 - Page 21 2016-04-26

Oil/Gas: Oil/Gas Leases in OK, terms and offers in an Oil, Gas and Mineral Lease
terms and offers in an Oil, Gas and Mineral Lease: I m glad you are trying to help your father-in-law out. This is alot of information to comprehend. First, the interest your father-in-law owns is very small, but it is a smarter decision to take the higher royalty and smaller bonus amount. The higher...

Oil/Gas: Oil & Gas lease Offer, extension option, timbercreek
extension option, timbercreek, mineral company: The highest I ve seen paid in the township is $500. Closer to your section however it s been more like $125/acre, though they were for shallower wells. $350 is kind of in the middle and therefore not bad, assuming they are not going for a real deep formation,...

Oil/Gas: Oil, Gas & Mineral Lease, milam county texas, south milano
milam county texas, south milano, social security number: Change the royalty amount to 1/5 and initial the change. Execute the lease in front of a notary, put the lease in an envelope and attach the draft to the envelope. Endorse the Draft, put your SSN on the draft and deposit the draft and envelope in your...

Oil/Gas: Oil Royalty in Lease Offer, royalty oil, royalty owner
royalty oil, royalty owner, oil royalty: I d say it s fair. Colorado also has some of the most royalty owner friendly laws in the country (see Rogers v. Westerman Farms case decided by the Colorado Supreme Court in 2001, and others for details.) I did not see the words in kind in your question....

Oil/Gas: oil&gas, Mineral versus royalty
Mineral versus royalty: If you own a mineral interest, you have the right to grant Oil, Gas and Mineral Leases, which is known as an Executive Right. With a royalty interest, you do not have the right to sign Oil, Gas and Mineral Leases, you only have the right to production produced...

Oil/Gas: oil lease, wildcat area, several thousand dollars
wildcat area, several thousand dollars, oil lease: This is a totally rank wildcat area. Various companies are leasing as much acreage as they can in hopes that some of it may be productive either in the shales or J sand. it will take a couple of years for the play to develop or be a bust. After some wells...

Oil/Gas: oil lease, bonus amounts, oil lease
bonus amounts, oil lease, timbercreek: Each sibling can lease his own interest independent of the others unless they own their interest as a group. Three siblings can each own an undivided interest in say 60 acres of a section, but can lease individually without the consent of the others. It...

Oil/Gas: oil lease extension recorded?, extension recording requirements
extension recording requirements: It depends on what the language stipulates in the contract (the Oil, Gas and Mineral Lease) as to whether the extension has to be recorded. In most situations, the extension is not recorded, and the lease provides that only additional monies be paid to...

Oil/Gas: i only hold half of my mineral rites and i want them all, acquiring undivided interest in mineral rights
acquiring undivided interest in mineral rights: Do you know if probate proceedings have been filed on the deceased? If there are no heirs and no probate proceedings have been filed I would presume the state would be awarded the interest unless the decedent left a Will which directed otherwise. You should...

Oil/Gas: pipeline lease, owner concerns, chesapeke
owner concerns, chesapeke, timbercreek: I d ask for $10/acre, which is more the going rate. I d also address any access issues, or crop damage etc. that may be caused by the pipeline. I do not deal much with easements so really have no suggestions for sample agreements, though I m sure there s...

Oil/Gas: Ratification of lease - non-participating royalty interest, harrison county texas, petroleum consultant
harrison county texas, petroleum consultant, royalty interest: In Texas an operator must have permission to pool an interest. In your case the interest is a NPRI. A well was spudded by NFR on a 140 acre tract, which they intend to pool with other tracts to total 697.4 acres. I need for you to send me your email address...

Oil/Gas: Royality Payment, Timely, payment
Timely, payment, oil: Most states have timely payment laws on the books. If the lessee does not pay you within the time required by law, interest is usually do on any late payments, at interest rates also codified in the law. I ve been paid late several times by companies,...

Oil/Gas: Royalty pay out, ellis county oklahoma, oklahoma corporation commission
ellis county oklahoma, oklahoma corporation commission, oil and gas drilling: You can check production for any well in Oklahoma by using the Oklahoma Corporation Commission website s Oil and Gas Database. Production info usually is a couple of months behind actual production so on a brand new well it won t be available right way. For...

Oil/Gas: Shale Gas Service Companies, gas opportunities, public index
gas opportunities, public index, baker hughes: Chris, Here are some additional companies that provide the services you are inquiring about (note - this is a partial listing, there are many more). http://selectenergyweb.ipower.com/ http://www.nabors.com/Public/Index.asp?Page_ID=2 http://www.weatherford.com/...

Oil/Gas: Shut-in royality for well not drilled, royalty payment, timbercreek
royalty payment, timbercreek, mineral company: Are you sure it s not a rental payment, or a shut in payment for a different lease, rather than a shut in payment for the 3/28/07 lease? I agree no shut in is due unless there s a well TO shut in. I would clear that up before signing. Call or write them before...

Oil/Gas: Texas Statutory Pugh Clause, crowley louisiana, surface boundaries
crowley louisiana, surface boundaries, gas lease: Mr. Pugh was an attorney from Crowley, Louisiana, who put a clause in his client s lease form that stated that all lands not lying within the surface boundaries of a voluntary or compulsory unit were released, upon expiration of the oil & gas lease in which...

Oil/Gas: What type of professional?, new energy company, caddo county ok
new energy company, caddo county ok, royalty buyers: There have been a couple of drilling permits issued in sections a mile north and east of section 6. The only professionals that I know of would be mineral and royalty buyers, like me. A mineral appraisal would cost you far more than they re worth. I would...

Oil/Gas: Unleased Mineral Rights, unleased mineral owner
unleased mineral owner : I believe the information you were told is incorrect. If a mineral owner is unleased because they could not be located the monies due them are definitely placed in suspense. Usually when someone contacts an Operator as an heir to an unlocatable mineral...

Oil/Gas: warranty deed on oil gas and minerals, warranty deed, minerals
warranty deed, minerals, oil gas: You own them. Within a specified time, depending on the state, the former landowner can bring a suit against you and the lawyer to have the contract enforced. After that time period, you are in the clear and the lawyer may still be sued. Eventually, both...

Oil/Gas: well names and locations, surface boundaries, mineral owner
surface boundaries, mineral owner, mineral owners: I said the name is not important at all. Operators can name wells what they wish, usually. One needs to know at what place on earth the well produces. A surface location does not control where a well is drilled. In a horizontal well it s where the well...

Oil/Gas: 1/2 OF 1/3 OF %, calculating net decimal interest
calculating net decimal interest : Landowner has a 4% interest of 1/2 of a 1/3rd interest, i.e.: 1/2 x 1/3 = 1/6 = 0.1666667 x .04 (4%) = 0.00666667 decimal interest in 17.25 acres out of a 640-acre gas unit. Therefore, Landowner s net decimal interest in this 640-acre gas unit is: 17.25/640...

Oil/Gas: breaking a lease on a shut in well, alfalfa county, mr mcconnell
alfalfa county, mr mcconnell, expedient response: They need a valid reason to shut in the well, such as lack of market, which is unlikely to be the case. If I were you I would put them on demand by certified letter to release the lease, questioning their reasons for shutting the well in. Allege that the...

Oil/Gas: Comingling zones, oil zone, time hope
oil zone, time hope, cubic feet: It depends. If the pressure is too high in the gas zone then all of the gas will flow into the oil zone. They may have plans to abandon the gas zone at a later date (when it becomes depleted) and then move up the hole and perforate the oil zone. There are...

Oil/Gas: Division Order, certified mail, ninety days
certified mail, ninety days, unclaimed money: The CAD of the county has a copy of the Division Order so they can assess the mineral value. Some will let you copy it and others will not. If your dad is living, the operator should be noticed by certified mail, demanding payment of all royalties due and...

Oil/Gas: Divison Order Decimal Interest, timbercreek, mineral company
timbercreek, mineral company, rpl: One acre in a 277.856-acre spacing unit at 25% royalty works out to .0008997. They are paying you for more than one acre it appears. By my figures they are paying you on about 1.4 acres. (Decimal interest X Unit Size divided by royalty = net acres owned.)...

Oil/Gas: Follow-up Question Latimer County Okla, mineral interest, timbercreek
mineral interest, timbercreek, mineral company: Nothing has happened for at least three years in that section, or in the nine surrounding sections. Section 17 and 20 each have a small producing gas well, but that s it. Both wells were completed in the early 1990 s and are operated by Mustang Fuel currently....

Oil/Gas: Forced Pooling, forced, pooling
forced, pooling, oklahoma: It s likely not a threat, but a reality. If they can t reach an agreement with you, but can convince the court that they have tried to negotiate in good faith, their request for a forced-pooling order (if they apply for one) will likely be granted assuming...

Oil/Gas: breaking a lease on a shut in well, oil and gas commission, leases
Oil/Gas: breaking a lease on a shut in well, oil and gas commission, leases, oil and gas

Oil/Gas: ORRI, royalty owner, override
Oil/Gas: ORRI, royalty owner, override

Oil/Gas: PA title -, surface minerals, mineral surface
Oil/Gas: PA title -, surface minerals, mineral surface, joe white

Oil/Gas: Shut-in clause time limit, lessors, royalties
Oil/Gas: Shut-in clause time limit, lessors, royalties, royalty

Oil/Gas: shut in royalty, bowie county, trust documents
Oil/Gas: shut in royalty, bowie county, trust documents, stepmother

Oil/Gas: Is this a fair offer?, blaine, county
blaine, county, lease: Not that familiar with lease offers in that area (I can t be an expert everywhere unfortunately) but I would say that you might want to ask for DOUBLE the original bonus if they want to extend it for an additional two years. Otherwise I d tell them three years,...

Oil/Gas: gas lease $ per acre, washita county oklahoma, timbercreek
washita county oklahoma, timbercreek, mineral company: $1300/acre is not a bad offer for a lease in that area currently, though in some sections $1500/acre is the going rate. Chesapeake is currently drilling a well in section 14, which is a few miles from either of the sections you mentioned. The fact...

Oil/Gas: gas and oil wells, drip tank, hot water heater
drip tank, hot water heater, gas furnace: It sounds like the wells are starting to deplete and working on the wells is typically pretty expensive. Also, it sounds like you are producing oil, but I m not sure if the rate is high enough to justify setting up a tank battery. You may want to measure...

Oil/Gas: INHERITANCE OF MINERAL RIGHTS ROYALTY, royalty check, grand dad
royalty check, grand dad, dad name: The chances of there being an interest in minerals in Louisiana is very small. Find the website for unclaimed funds in Louisiana and query your dad s and granddad s name to see if royalties were escheated to the state. If you hire someone, the chances...

Oil/Gas: Leassing, well activity
well activity: I would guess that if the company that owns this lease has not contacted by now to extend it, that they are either getting ready to drill a well or they are going to let the lease expire. You can also check with the state oil and gas commission and find...

Oil/Gas: Lots of land-Not sure where or how much, land conveyances, heirship
land conveyances, heirship, index books: The Chesapeake landman would have all of those answers. In fact he probably offered to lease your interest. But if you choose to go to the courthouse in the county in which the lands are located, you need to go to the index books for land conveyances and...

Oil/Gas: Mineral Rights, sell, mineral
sell, mineral, rights: I m not sure of the exact prices for that area as far as sales go, but DeSoto Parish is definitively one of the good areas of the state so prices there would be higher than other areas I would think. In the past when dealing with Louisiana minerals I was...

Oil/Gas: Mineral Rights Value, sell, mineral
sell, mineral, rights: I d guess about $500/acre tops for that area, but that s just a (somewhat educated) guess. You d really want to get offers from more than just one buyer in order to determine their true market value. Usually when you receive an unsolicited offer there s...

Oil/Gas: Mineral rights, edmonson county ky, subsurface minerals
edmonson county ky, subsurface minerals, subsurface estate: Mineral rights generally refer to oil and gas, so that s likely what they are drilling for. An oil and gas well won t turn your farm into a black hole, and no, you won t get any money for any subsurface minerals unless you own the rights to them. Hard...

Oil/Gas: mineral interest toole county, montana, toole county montana, acre plot
toole county montana, acre plot, gas leasing: Most of the recent production in Toole County is in the township you mentioned so it s likely there are others with lease offers as well. If there are any neighbors you could contact in that general area they might have also received a lease offer and you...

Oil/Gas: mineral rights, offers on minerals
offers on minerals : I would check their website and find out more about their company. It would also be easy for you to call them and just ask them questions that you have for yourself. Ask them how they determine the value on the minerals they make offers on; ask them how...

Oil/Gas: Oil & Gas Lease Coal CountyOklahoma, coal county, acceptable version
coal county, acceptable version, landmen: $450 is the going rate in this township currently. You may be able to get a bit more (say $550/acre) since you have 60 acres to lease but I m not sure. The royalty needs to be at least 3/16 at $450/acre. I d also ask for a depth clause to be inserted...

Oil/Gas: Oil and Gas lease, nacogdoches county texas, royalty interest
nacogdoches county texas, royalty interest, acre unit: Ask for $2000 and 25% royalty. If you don t lease your interest will not be included in the unit, which will probably be as much as 704 acres. In a 704 acre unit, your interest is .0170454 wi. If you lease for 25% royalty your unit net revenue interest...

Oil/Gas: Oil and gas lease, gross acres, landman
gross acres, landman, lone star: If the lease covers and affects all of the lots mentioned, it should be 100 acres, rather than seventy. But, be that as it may, the deal is a pretty good one and he probably should sign the lease. I would ask the landman to show you how they arrived at the...

Oil/Gas: ORRI, overriding interest
overriding interest: An overriding royalty interest may be tied to a specific lease, or it may be tied to an entire property. This depends on how the instrument is drawn up which creates the override. Based on the situation in Paragraph 3 above, you would have an ORRI on all...

Oil/Gas: oil and gas lease, building a road, timbercreek
building a road, timbercreek, mineral company: Leases have been extended past their expiration by courts by as much as three years in some cases. The lessee however had a pretty good argument in those cases. In others, the judge thought that a week was too long past expiration to hold the lease. It really...

Oil/Gas: PA Lease offer, Pennsylvania, Lease
Pennsylvania, Lease, Offer: For three acres? Probably not worth contacting a professional. BUT, I would try to check around with some of the other owners in the area before agreeing to $1750 per acre. You might also check with some of your local bankers as they often have customers who...

Oil/Gas: PA title -, vesting deed vs. source deed
vesting deed vs. source deed: In my opinion, a Vesting Deed vests the Grantee, the one acquiring the property, with good and sufficient title to all rights being acquired . If you are acquiring property, you will want to be sure the title is sufficient to vest all rights, title and...

Oil/Gas: What Does Private Min. Owner Do When BLM Notices Lease Auction Involving Private Owner's Tract?, lea county new mexico, lease operator
lea county new mexico, lease operator, fed govt: The operator may bid on 100%, but the BLM can only lease what it owns. I wouldn t worry about it, as some company probably nominated the acreage and won t be interested in doing anything until they see if they won the bid for the tract. I would have no...

Oil/Gas: Provident Royalties Lease, Provident, Royalties
Provident, Royalties: Provident Royalties was basically an investment scam that got busted by the Feds. You d have to check whether the company is part of a restructuring plan or something to determine if your lease is still valid, and/or consult with an attorney familiar with...

Oil/Gas: Pump Characteristics, control pumps, centrifugal pumps
control pumps, centrifugal pumps, centrifugal pump: I do not know the answer to your question; however, the link below contains a lot of good information. Perhaps you could call one of the manufacturers and they could explain the curve in further detail. http://www.globalspec.com/LearnMore/Flow_Transfer_Control/Pumps/Centrifugal_Pump...

Oil/Gas: Question about Division Order for West Texas O&G wells, natural resources code, texas natural resources
natural resources code, texas natural resources, royalty payments: In Texas, as long as the division order complies with state law, the lessee can require it be signed before paying you any royalty. It appears from your question that the division order you are being asked to sign complies with the state statute defining what...

Oil/Gas: Royalty Deed, Royalty, deed
Royalty, deed: You can check the Oklahoma Corporation Commission s website for production figures for any well in Oklahoma. It s free to use. You ll want to start at the following link as they ve recently updated their web page: http://www.occeweb.com/Orawebapps/OCCOraWebAppsone.html...

Oil/Gas: How do I research if I am an heir?, determining mineral interest in property
determining mineral interest in property: Wow, you are lucky! My company just acquired 4 abstract plants and one of them is Desoto Parish where your property is located in Sec. 31-11N-12W. If you would like for me to research this for you, all I would need to know is the description of the property...

Oil/Gas: Securing Loan with Royalty Income, term, royalty
term, royalty, deed: I ve not personally experienced such a request, but it does seem reasonable since royalty is the bulk of your income. I doubt your royalty payors (lessee/operator) would provide such a letter, but you might be able to find a petroleum geologist, landman or...

Oil/Gas: Shut-in clause time limit, royalty payments, lessees
royalty payments, lessees, maintenance issues: You could add the clause you suggested if they ll accept it. Generally though a lessee cannot just arbitrarily shut in a well for 23 months, operate it for a month, and then shut it in again without good cause. You could argue that point in court if you felt...

Oil/Gas: shut in royalty, bowie county texas, affidavit of death
bowie county texas, affidavit of death, royalty rate: The lease provides that any change of ownership must be in writing to the company. Provide the company with a copy of the Probate instruments or file an affidavit of death and heirship in the county in which the well is located to establish the ownership....

Oil/Gas: split mineral rights, interest owner, mineral interest
interest owner, mineral interest, drilling company: You can t prohibit an undivided mineral interest owner from enjoying their rights to develop their minerals, but since you won 75% of the minerals, they are not likely to do that. They would be carrying your 75% interest and that wouldn t be very profitable...

Oil/Gas: Title questions in WV, chesapeake office, royalty interest
chesapeake office, royalty interest, minimal production: I will answer your last question first. No one gets free gas but a surface owner that owns minerals as well. The well bore is owneed by mineral owners and anything produced from it belongs to the Lessee or mineral owners. Sign the ratification and file...

Oil/Gas: Tubing / Completion, expansion and contraction, fiberglass tubing
expansion and contraction, fiberglass tubing, line steel: Muhammad, I have never used or seen 100% fiberglass tubing for production wells. Producing wells subject the tubing to expansion and contraction as the wells are shut in and put back on line. Steel handles these stresses better than fiberglass. I have used...

Oil/Gas: Violation of lease provisions, principal dwelling, lease provisions
principal dwelling, lease provisions, nw quarter: You state that you do not own the minerals, therefore you are not the lessor nor the mineral owner and you have no rights to any production from the well. The Lessor is the mineral owner, so you have no standing as to the lease. If you made a separate contract...

Oil/Gas: want to lease mineral rights, mineral rights, minerals
mineral rights, minerals, good luck: Go to the website below and find out who is drilling in your area. http://www.occeweb.com/Orawebapps/OCCOraWebAppsone.html Once you have this information use the checklist at the link below to negotiate your lease. http://www.tlma.org/oilgasleasechecklist.pdf...

Oil/Gas: Alfalfa County, OK Lease Offer, Alfalfa, county
Alfalfa, county, oklahoma: Prior to this current round of leasing by Chesapeake, the section hadn t been leased since 2008. Many of those leases are expiring now and I think that explains the current leasing activity. The fact that they are wanting to renew their expiring leases is...

Oil/Gas: Colorado Oil and Gas Lease Offer, moffat county colorado, colorado oil
moffat county colorado, colorado oil, gross product: I would sit tight for awhile and see what happens. That is pretty rank country, but so was Eastern Weld County. Now they are beginning to make some good wells in Eastern Weld County and I predict the price per acre will go up. Never ask me another question,...

Oil/Gas: how to calculate mineral ownership, acre tracts, surface ownership
acre tracts, surface ownership, mineral acres: You and your brother own an undivided 80 net mineral acres each, as separate property, in 240 acres and the aunt that reserved a life estate in her 80 acres, owns an undivided 80 acres in 240 acres. Upon her death you and your wife will get her undivided...

Oil/Gas: Doohig, warranty deeds, gas leases
warranty deeds, gas leases, mineral deed: Duhig applies to warranty deeds, special (partial) warranty deeds, and mineral deeds that warrant title. It probably also applies to mineral deeds without warranty. It does not apply to quit-claim deeds. It does not apply to oil and gas leases with a proportionate...

Oil/Gas: Drilling, culberson county, ac 3
culberson county, ac 3, leasing: There were 66 wells permitted in Culberson County within the last year. There is no assurance a company will elect to drill on your lands or lands pooled with your lands during the primary term of the lease. Enjoy the money you got for leasing. You might...

Oil/Gas: Effect of Rainfall on Drill Procedures, working on a rig, rain suits
working on a rig, rain suits, marsh land: Alex, I am glad you are doing some research on the technical side of your screen play. Rain, very heavy rain that is, can be very detrimental to drilling. Generally, the rig operations don’t stop during rain, snow, wind or whatever weather unless it...

Oil/Gas: Colorado Oil and Gas Lease Offer, middleman, royalty
Oil/Gas: Colorado Oil and Gas Lease Offer, middleman, royalty, moffat county

Oil/Gas: Grady County, OK - Purchase offer for mineral rightrs, purchase, offer
purchase, offer, grady: Most of the current permitting activity in the county is a few miles north, and northeast of your section 19. There is no current permit to drill a well in section 19 or any of the surrounding sections, but that doesn t mean there won t be one issued prior...

Oil/Gas: Lease Offer, grimes county tx, acre unit
grimes county tx, acre unit, thomas mcdonald: Sorry to take so long in responding to your question, but I wanted to do a little due diligence beforehand. I am familiar with the area and the play. I agree with your premise and would like to discuss this further with you. My email is jimmccon@20oaks.com...

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

Oil/Gas: Log splitter hydraulic oil, friction modifiers, atf dexron
friction modifiers, atf dexron, detergent action: Hello Jim No, unless you can completely drain and clean the reservoir on your log splitter, don t mix the ATF with the tractor oil already in it. It may or may not cause some adverse reactions when they mix. ATF And oil mixed is a very good way to clean...

Oil/Gas: landowner % compensation, royalty mineral, royalty interest
royalty mineral, royalty interest, check stubs: I m going to assume your father owned the mineral rights this well is producing from, rather than just owning a royalty interest; the difference being that the former would have a lease governing the royalty amount, and the latter would have a royalty conveyance...

Oil/Gas: Do leases ever expire?, do mineral leases expire
do mineral leases expire: In order for you to determine if the lease has expired, you would need to obtain a full copy of the recorded Oil & Gas Lease, which is on file at the county clerk s office in the state in which the property is located, and review the conditions which would...

Oil/Gas: leasing minerals in Atoka County?, oil, gas
oil, gas, lease: If you lease for three years, and they commence a producing well within that time, then you will share proportionately in the proceeds from the well as per the royalty terms of the lease you sign. Shortly after production begins, you will periodically begin...

Oil/Gas: McClain County mineral rights, mcclain county, google search
mcclain county, google search, mineral acres: There are many companies that buy minerals and royalties in Oklahoma as a Google search will reveal. The problem you will have is that most of the buyers will want to purchase all of the minerals, including the ones in the unit. The deal is too small without...

Oil/Gas: Mineral Rights Leasing in Love County, OK, royalty provision, bonus amounts
royalty provision, bonus amounts, love county: These offers are just a tad low for the immediate area, but are not off by much. I d counter with $50/acre and 3/16 or no bonus and 1/4 royalty. You can probably get that. I d leave the 1/8 royalty option alone as you could be stuck with whatever royalty you...

Oil/Gas: Mineral rights, beaver county pa, timbercreek
beaver county pa, timbercreek, mineral company: I ve written an article that will help you determine how to go about finding what mineral you own, if any, under your land. A link to it is here: http://www.mineralhub.com/2010/04/how-can-i-locate-who-owns-the-mineral-rights-under-my-land/ Hope this helps...

Oil/Gas: Mineral rights in McClain County, OK, obtaining mineral offers
obtaining mineral offers: Good Morning Judy: Net Mineral Acres represents how many acres is owned versus how many acres the tract/property actually contain. For example, if the gross tract contains 40 acres, but there are 2 owners, the net acres owned by each would be 20 net acres....

Oil/Gas: mineral lease value, mineral lease, section 31
mineral lease, section 31, mineral rights: Go to the website below and search for wells in your area. Once this information is obtained send letters to all of the oil companies operating in the area and ask them if they would be interested in leasing your mineral rights. http://www.occeweb.com/Orawebapps/OCCOraWebAppsone.htm...

Oil/Gas: Oil and Gas Leases, kerr mcgee oil, xto energy
kerr mcgee oil, xto energy, royalty checks: There are approximately 70 currently producing gas wells within the sections you mentioned above, assuming you were talking about Uintah County, UT. Some of them are also producing oil, but they are still considered gas wells for the most part. Most of the...

Oil/Gas: Oil and gas lease, lease terms
lease terms: Kathy, I would recommend you checking with other landowners in your area and inquire as to the terms they have been offered to make sure the terms you have been offered are in line with theres. Many times if an area is unproven - low terms are offered but...

Oil/Gas: offer to buy mineral lease, Carter County, OK, sell, mineral
sell, mineral, rights: To research offers to buy mineral rights in any state it is best to have a thorough knowledge of the area in question. For Oklahoma, you can find out a lot of what s going on in an area by visiting the Oklahoma Corporation Commission (OCC) website, since they...

Oil/Gas: PA Marcellus Shale and a Cemetery, allegheny county pennsylvania, marcellus shale
allegheny county pennsylvania, marcellus shale, gas leases: With a thirty acre tract, you could limit an oil and gas lease to a no surface use , whereby they could not put a drill site, lay a pipeline, put in equipment, Etc. However they would still have the rights to pool with other lands or leases and to drill...

Oil/Gas: Reveiwing a Lease Contract, decipher, lease
decipher, lease, language: I occasionally review lease contracts for people, but am not an attorney of course so you d only be getting an opinion of what the mumbo jumbo means to me, rather than an actual legal opinion. An attorney who specializes in oil and gas law would be more...

Oil/Gas: ROW for pipeline, fence lines, hallsville texas
fence lines, hallsville texas, abst: You should consider retaining an attorney to represent your interest with this company. Easements rarely enhance the value of property and depending on where they are laid can cause you headaches with future plans for the lands. It is usually best to make...

Oil/Gas: Shale well completions, well completions, coal county
well completions, coal county, horizontal section: John, Formation fracture is almost the final step of the completion operation, it could be said to be completed when it is fractured. After the hole is drilled, bit cuttings and loose formation particles circulated our (cleaned up) and the drilling assembly...

Oil/Gas: Siging The Lease, co partnership, brother lives
co partnership, brother lives, general partners: You can do a number of things. You can execute separate leases, you can execute one lease and a ratification of that lease, you can amend the articles of co partnership to provide for either party to sign as the General Partner or the lessee can provide for...

Oil/Gas: I Smell a Rat in Ratification, dewitt county texas, de witt county
dewitt county texas, de witt county, mr mcconnell: In order to pool your interest you must give a company permission to do so. There is something in your lease that prevents the automatic pooling of the interests in 45.62 acres, so they need you to ratify the unit, thereby giving them permission to pool your...

Oil/Gas: Subsurface Easements, surface owner, surface location
surface owner, surface location, easement: It depends on a lot of factors, but I would take a subsurface easement. Depending on the field rules, depending on the language in the lease and depending on whether the well was drilled on a Rule 86 exception, depending on the circumstance can all have a...

Oil/Gas: How to sell inherited oil & gas rights, mineral valuation
mineral valuation: Rae, In order for a valuation to be determined the following items would need to be reviewed: 1) the referenced lease 2) any relevant information pertaining to the preliminary title examination 3) Judgment of Possession or Probate establishing your...

Oil/Gas: Unpaid for production in a section? , blaine county oklahoma, oklahoma corporation commission
blaine county oklahoma, oklahoma corporation commission, timbercreek: There are only two currently producing wells in that section, and only one covers the entire section. The other one covers only the NE/4 of the section so unless you own minerals in the NE/4 you would not share in the proceeds of that well. It s quite...

Oil/Gas: wells, department of natural resources, railroad commission
department of natural resources, railroad commission, oil and gas industry: This is stipulated by the state regulatory agency that oversees the oil and gas industry. In TX this is called the TX Railroad Commission and in LA it is called the Department of Natural Resources. You can search the Internet to find the agency in your state...

Oil/Gas: 2009 Value of Minerals, beckham county, educated guess
beckham county, educated guess, interested buyer: I would estimate these were worth about $3000 to $3500/acre back in early 2009 assuming they were not leased at the time. Leased would have been closer to $2000/acre. Hasn t changed much in that area since then really except that more successful wells have...

Oil/Gas: aramco approved, petroleum industry, worldwide organization
petroleum industry, worldwide organization, kidman: Javier I am a member of a worldwide organization called Linkedin. and in that organization there are groups of people in high places in the petroleum industry. This includes the near and middle east. I saw your question earlier on, and asked them about...

Oil/Gas: barrels of oil, cleaning solvents, unleaded gasoline
cleaning solvents, unleaded gasoline, gallon barrel: Joyce, A barrel of oil is 42 U.S. gallons. Oil was carried in wooden barrels and the measurement is still used. I am not a refinery person and am not up to date on process but I do know that about 14 to 19 gallons of gasoline can be extracted from this...

Oil/Gas: How to Check Drilling Activity in Oklahoma, grady county oklahoma, oklahoma corporation commission
grady county oklahoma, oklahoma corporation commission, gas database: 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 their oil and...

Oil/Gas: I.D. of Oklahoma O&G Purchasers, affidavit form, royalty reports
affidavit form, royalty reports, interest owner: I would contact the OTC for that information, though it seems you ve had no luck with them. If you have an interest in a well or wells, they will provide you a hard copy printout of all purchases from the well, and I believe it includes both name and OTC number...

Oil/Gas: Division Orders/Royalties, gross proceeds, gross production
gross proceeds, gross production, operating agreement: Gee Susan, if this guy Flaherty really works FOR Apache, I must say I am disappointed in them for allowing him to lie to you this way. Of course I m only hearing your side of it but his claim that he can t produce a copy of the NADOA form and send it to you...

Oil/Gas: Drilling Questions, selling minerals
selling minerals: Susan, It is unfortunate but there is no way to determine when a division order will be received. The preparation of a division order requires a full title abstract on each property in the unit for which the production is being paid. The unit may involve...

Oil/Gas: Executive Rights - Partial, timbercreek, mineral company
timbercreek, mineral company, rpl: I think you could each lease 50% of the tract you own the executive rights to, with or without the other party s consent. That would leave half of it unleased however, so that half would eventually be force-pooled (in states that have forced-pooling statutes)...

Oil/Gas: Drilling Questions, title examiner, legal proceedings
Oil/Gas: Drilling Questions, title examiner, legal proceedings, payee

Oil/Gas: mineral rights in Pecos County
Oil/Gas: mineral rights in Pecos County

Oil/Gas: figuring royalty pay outs, mckenzie county, participation interest
mckenzie county, participation interest, timbercreek: 200/1280 X .125 X .125 = .00244141 decimal (participation) interest. Use the decimal interest to estimate your royalty per month. For instance, if a well sold $100,000 worth of oil one month, then your share of that would be $244.14 ($100,000 X .00244141.)...

Oil/Gas: gas lease agreement, gas lease, timbercreek
gas lease, timbercreek, mineral company: Yes, they should have paid you by now if they agreed to pay you by August (which in itself is a long time to wait!) This is why I never give a company a signed lease without receiving a check at the same time unless I know the company and have done deals with...

Oil/Gas: general questions re, weld county co, landmen
weld county co, landmen, acquisition costs: Power in numbers? Yes, usually. It helps to save the company some acquisition costs, so in many cases they will give a group a better lease offer than an individual, especially if you point out that you are saving them time by leasing together as one. ...

Oil/Gas: lease, oklahoma corporation commission, private leases
oklahoma corporation commission, private leases, government leases: You cannot really find out (other than from them) if the company has paid any of your neighboring mineral owners more than $400/acre unless you contact such owners directly and ask them. Lease bonus amounts for private (i.e. non-government) leases are not...

Oil/Gas: Why the Leasing Interest?, lincoln county oklahoma, oklahoma corporation commission
lincoln county oklahoma, oklahoma corporation commission, gas database: The best thing you can do to improve your negotiating position with a potential lessee and therefore make an informed decision is to have knowledge of the area being leased. The Oklahoma Corporation Commission is the oil and gas regulatory body for the state...

Oil/Gas: leasing/selling mineral rights in Lincoln County, Oklahoma, lincoln county oklahoma, oklahoma corporation commission
lincoln county oklahoma, oklahoma corporation commission, gas database: Leasing? Probably between $100 and $200 per acre. Selling? Perhaps three times that IF they are unleased, maybe twice that if leased. Just a guess really, and without doing further research or actually marketing these for you I really can t be more specific...

Oil/Gas: mineral acreage, mineral servitude in LA
mineral servitude in LA: I would be happy to assist you. In Louisiana, once minerals are sold by the surface owner to another party, there is a 10-year prescriptive term , identified as a mineral servitude, which begins which provides that the minerals will be owned by the mineral...

Oil/Gas: mineral rights inheitance, notifying operators of deceased owners
notifying operators of deceased owners: Michael, You need to write a letter to the current Operator of the well enclosing a copy of the death certificate of her grandmother. Also, has there been a probate opened and settled on her grandmother s estate? If so, a copy of the Order Placing the Heirs...

Oil/Gas: Mineral rights-Leasing, texas railroad commission, well completions
texas railroad commission, well completions, prolific production: Negotiating the lease terms in an oil and gas lease is much like negotiating any other contract. Most, if not every part of an oil and gas lease is negotiable. Your ability to effectively negotiate provisions such as length of primary term, bonus and other...

Oil/Gas: mineral rights in Pecos County, finding interests to oil and gas
finding interests to oil and gas : Dear Rae: There s not a sure way to determine this unless you know how to examine public records to real property in each county where you think you may have acquired an interest. This is what abstractors and title examiners do. If you are interested in...

Oil/Gas: net mineral acres, determining net acres in unit
determining net acres in unit: Hi Susan, Your net decimal interest is derived from dividing your net acres by the unit acres, then multiplying that amount x your lease royalty. There are 8 royalty acres to 1 mineral acre in a 1/8th royalty lease. Consequently, the calculation to determine...

Oil/Gas: oil drilling in alfalfa county, ok, alfalfa county, timbercreek
alfalfa county, timbercreek, mineral company: You can check the a href= http://www.occeweb.com/Orawebapps/OCCOraWebAppsone.html OCC Website /a for production info in those areas. Production info won t show up online for several months after it begins however. You could also contact Sandridge and...

Oil/Gas: Oil and Gas Lease, oklahoma corporation commission, website databases
oklahoma corporation commission, website databases, timbercreek: You can check the activity in your general area by going to the Oklahoma Corporation Commission s website and searching through their databases of drilling permits, production information, and forced-pooling information as well as other oil and gas data. ...

Oil/Gas: oil lease, oklahoma corporation commission, well completions
oklahoma corporation commission, well completions, leasing activity: Negotiating the lease terms in an oil and gas lease is much like negotiating any other contract. Most, if not every part of an oil and gas lease is negotiable. Your ability to effectively negotiate provisions such as length of primary term, bonus and other...

Oil/Gas: Oil - Mineral rights question for Grant County, OK, grant county oklahoma, oklahoma corporation commission
grant county oklahoma, oklahoma corporation commission, mineral acres: $1000/acre sounds like a good offer considering they were leased for only $125/acre last year. In some parts of Grant County mineral rights are selling for much more than that but I can t say whether that s the case where you are because you didn t provide...

Oil/Gas: who's paid to the new owners, city councilman, timbercreek
city councilman, timbercreek, mineral company: Likely the 3 stations do not include the mineral rights under your property, or you would have been contacted prior to them drilling since the previous lease expired in 2009. If the mineral rights were not leased when you bought the property, but were included...

Oil/Gas: pipeline easement, lincoln county oklahoma, gas pipeline
lincoln county oklahoma, gas pipeline, internet hope: It would only be a hazard to your property if the pipeline leaked. Apparently the easement is good only for a gas pipeline, or they would not have offered to compensate you for salt water transport. I would check with others in the area for what proper...

Oil/Gas: Pottawatamie County Lease Offer, pottawatomie county, land man
pottawatomie county, land man, leasing activity: If they want five years, it s likely because they don t feel they ll have time to drill all the leases they ve bought within three years (and they ve bought a lot of leases.) Could also be that five years gives them more time to flip the leases to another...

Oil/Gas: process by step to bring a well into production, mckenzie county, royalty interest
mckenzie county, royalty interest, sales pipeline: Typically, the old is sold when the trucks come to empty the tank; the water is also hauled off in a separate truck and it must be disposed of by the oil company (note - sometimes the water is re-injected into a disposal well). The reason the oil companies...

Oil/Gas: recieving oil checks, royalty checks, mineral owners
royalty checks, mineral owners, grady county: If you own 20 acres, and they re all in the same spacing unit (all drained by the same well) then you ll each get a check for your proportionate share of the 20 acres. Hope this helps you out. Frederick M. Mick Scott CMM RPL Timbercreek Mineral Company,...

Oil/Gas: royalty deed, baca county colorado, baca county co
baca county colorado, baca county co, rightful heirs: Sorry about that. My bad. Yes, just substitute Colorado for all the places I said Oklahoma. I don t know what I was thinking, except that I LIVE in Oklahoma so had it on my mind? You ll need to check with a Colorado attorney to see if you ll need to have...

Oil/Gas: SALTWATER DISPOSAL SYSTEMS, grant co, exploration and production
grant co, exploration and production, gasket: I don t know. I have no way of knowing. It would depend on the length of time the disposal well is intended to be used by that particular line. If it is buried and planned for many years life, it will be welded and coated as with any pipeline. If it is on...

Oil/Gas: seismic, eminent domain, seismic company, seismic work
seismic company, seismic work, sound waves: Well, I don t know if $7/acre is fair, but it certainly isn t much is it? I wouldn t agree to that, but if you don t agree to SOMETHING with them I think they may go ahead and just shoot NEAR, but not actually ON your property, which could still be disruptive....

Oil/Gas: Selling Mineral Rights, nw quarter, timbercreek
nw quarter, timbercreek, mineral company: Unleased? Perhaps $2000 to $2500/acre. Recently leased at 3/16 or better? Perhaps $1500 to $2000/acre. You can find out more information on how to value mineral rights in a href= http://www.mineralhub.com/value-your-minerals/ this article /a from my website....

Oil/Gas: Surface only verbage on deed, subsurface minerals, timbercreek
subsurface minerals, timbercreek, mineral company: Surface Only means they did not convey any mineral rights into their living estate. They only conveyed the surface. Hope this helps you out. Frederick M. Mick Scott CMM RPL Timbercreek Mineral Company, LLC a href= http://www.mineralhub.com/ ...

Oil/Gas: taking over lease, royalty rights, timbercreek
royalty rights, timbercreek, mineral company: They are likely either going to sell the lease to the other company outright, or are going in with the other company to help absorb some of the costs of developing your leasehold. In either case it won t affect you really. Hope this helps you out. ...

Oil/Gas: Building Oil Refinery, waste water treatment, oil refinery
waste water treatment, oil refinery, writing a business plan: Enoch, My presence on AllExperts is for me to help people gain information about the petroleum industry as it pertains to their personal lives. From time to time, I have responded to questioners that are seeking information about an area or discipline they...

Oil/Gas: Chesapeake in Washita, Okla., washita county oklahoma, ipo initial public offering
washita county oklahoma, ipo initial public offering, southern fringe: Have you considered just selling HALF of the mineral rights? Perhaps that way your family wouldn t get mad at you, and you d still be able to have a sale in case your area is at a premium right now as you suspect. 122 wells IS good news though. It means...

Oil/Gas: Cross Unit Well, cleburne county arkansas, cross unit
cleburne county arkansas, cross unit, horizontal wells: A cross unit well means that the drilling and spacing unit includes parts or all of more than one section of land. This is common in horizontal wells where the producing perforations may run under more than one section of land. The perforations under your...

Oil/Gas: culberson county, dawson geophysical, culberson county texas
dawson geophysical, culberson county texas, seismic operations: Become a geologist, or wait for their client to drill a well. They are not going to share the seismic information with you but if it bears fruit you ll know eventually because you will receive an offer from their client wanting to lease your mineral rights...

Oil/Gas: directional drilling, I think, directional wells, oil and gas commission
directional wells, oil and gas commission, land man: The ND oil and gas commission decides who gets the royalties; you should get royalties if they drill directional wells under your land. You can try to call the commission and they may be able to answer some of your questions. You can also send a certified...

Oil/Gas: culberson county, dawson geophysical company, step in the right direction
Oil/Gas: culberson county, dawson geophysical company, step in the right direction, leasor

Oil/Gas: Fair offer for OGML, texas railroad commission, well completions
texas railroad commission, well completions, oil royalty: Negotiating the lease terms in an oil and gas lease is much like negotiating any other contract. Most, if not every part of an oil and gas lease is negotiable. Your ability to effectively negotiate provisions such as length of primary term, bonus and other...

Oil/Gas: Fracking Procedures, frac test, cement test
frac test, cement test, isolate water zones: Wow Felix, this is a big one! 1.Yes, it is common to drill more than one well from the same pad. Most used is a single well from a pad (AKA: location) because that is the easiest method. When space is limited and/or there is a benefit in constructing the...

Oil/Gas: Gas Leases, gas leases, timbercreek
gas leases, timbercreek, mineral company: If you own mineral rights in the unit, they will have pay you. Since you didn t lease, you were probably force-pooled in to the unit by the lessee. Check your state s laws on forced-pooling and call the original lessee and ask why they didn t lease you. ...

Oil/Gas: gear oil, kluber, synthetic base
kluber, synthetic base, hygroscopic: John Both products are PAG (polyalkylene glycol) based. A highly temperamental synthetic base that will only mix with itself. They are both HI NSF food approved for food processing and pharmaceutical use. They are both Hygroscopic and will not separate...

Oil/Gas: informantion, options in undivided interests in oil and gas rights
options in undivided interests in oil and gas rights: Allen, Thank you for allowing me to assist you. It depends on what your undivided interest is in these properties as to what your options are. You mention, as an option, improving their productivity ; are they currently producing? If they are producing,...

Oil/Gas: Information on Pittsburg County Oklahoma Drilling & Location of Records, pittsburg county oklahoma, oklahoma corporation commission
pittsburg county oklahoma, oklahoma corporation commission, grandfathers name: The a href= http://www.occeweb.com/Orawebapps/OCCOraWebAppsone.html Oklahoma Corporation Commission /a has a wealth of well information available online, and their site is currently free. You can look up such things as forced-pooling orders (the bonus...

Oil/Gas: Jackson County Oklahoma, jackson county oklahoma, collar sizes
jackson county oklahoma, collar sizes, timbercreek: There are no producing wells currently in your section or any of the surrounding sections. PA means plugged and abandoned and AC may have something to do with drill collar sizes. I m not really sure about AC. Most of the activity in Jackson County...

Oil/Gas: JOINT OPERATING AGREEMENT, interest owner, timbercreek
interest owner, timbercreek, mineral company: JOA s are not public record, but if you are a working interest owner in a well your rights are governed by it so you should get a copy from the operator. You will not have easy access to the JOA unless you are participating in the well as a working interest...

Oil/Gas: Lease strategy/Force pooling in Texas, percentage leases, mineral leasing
percentage leases, mineral leasing, percentage lease: Your #1 assumption is not correct in most cases. In Texas in fact they can just leave you out of their unit entirely if they can t come to terms with you (unless your tract is the tract the rig will actually be in, in which case they must deal with you or...

Oil/Gas: Mineral and Oil Lease Payments, oil activity, surface owner
oil activity, surface owner, oil lease: You cannot lease mineral rights you do not own, however if they end up drilling a well there, you will likely be offered a surface owner payment of some kind, in order to ease the pain of having a well drilled on your land (if it is actually ON your land.)...

Oil/Gas: Minerals, oklahoma corporation commission, leasing agent
oklahoma corporation commission, leasing agent, neat pic: $1000/acre is probably about the average being paid in this township so I wouldn t feel too bad signing a lease for that amount assuming it was 3/16 royalty and for no more than three years. Chesapeake seems to be the only one that s filed leases in your...

Oil/Gas: An offer to lease min rights, oklahoma corporation commission, well completions
oklahoma corporation commission, well completions, leasing activity: Negotiating the lease terms in an oil and gas lease is much like negotiating any other contract. Most, if not every part of an oil and gas lease is negotiable. Your ability to effectively negotiate provisions such as length of primary term, bonus and other...

Oil/Gas: oil/gas, leasing land and determining when a well will be drilled
leasing land and determining when a well will be drilled: You can check with the Texas Railroad Commission which is where an Operator must file for a Permit to Drill a well if a well has been permitted. Their web address is: www.rrc.state.tx.us/divisions/og/og.html You will need to imput your Abstract or Survey...

Oil/Gas: Oil and Gas Lease Offer Creek County, oklahoma corporation commission, well completions
oklahoma corporation commission, well completions, leasing activity: Negotiating the lease terms in an oil and gas lease is much like negotiating any other contract. Most, if not every part of an oil and gas lease is negotiable. Your ability to effectively negotiate provisions such as length of primary term, bonus and other...

Oil/Gas: oil & gas leases in Eastland & Brown Counties, Tx, gas leases, brown counties
gas leases, brown counties, texas broker: Use the form at the link below to negotiate your lease. http://www.tlma.org/oilgasleasechecklist.pdf The going rates will depend on the activity level in your area and whether or not there is existing production nearby; you can search for existing...

Oil/Gas: Oil and Gas Leasing, caddo county oklahoma, oklahoma corporation commission
caddo county oklahoma, oklahoma corporation commission, leasing prices: The a href= http://www.occeweb.com/Orawebapps/OCCOraWebAppsone.html Oklahoma Corporation Commission /a has a wealth of well information available online, and their site is currently free. You can look up such things as drilling permits, production information...

Oil/Gas: oil lease, caddo county, mineral interest
caddo county, mineral interest, oil lease: Not much going on there right now, leasing wise, so I doubt you ll do much better than $250 right now. Why does it seem low to you? Did you lease it for a lot more last time? Your minerals are sitting in an old production field however, so you might want...

Oil/Gas: Oil Lease Offer, oklahoma corporation commission, well completions
oklahoma corporation commission, well completions, leasing activity: Negotiating the lease terms in an oil and gas lease is much like negotiating any other contract. Most, if not every part of an oil and gas lease is negotiable. Your ability to effectively negotiate provisions such as length of primary term, bonus and other...

Oil/Gas: Oil Lease Royalty Checks, oklahoma corporation commission, royalty checks
oklahoma corporation commission, royalty checks, oil lease: For non-producing mineral rights, it s all about location, location, location, much as it is in real estate. If you re close to a hot are then it s more likely a well will be drilled, and thus more likely a buyer would be able to eventually make a good return...

Oil/Gas: Payne county OK leasing bonus?, oklahoma corporation commission, payne county
oklahoma corporation commission, payne county, oil lease: The a href= http://www.occeweb.com/Orawebapps/OCCOraWebAppsone.html Oklahoma Corporation Commission /a has a wealth of well information available online, and it s all free! You can look up such things as forced-pooling orders (the bonus amounts included...

Oil/Gas: prescriptive rights, Mineral servitudes in the U.S.
Mineral servitudes in the U.S.: Wes, I know that in Louisiana there are mineral reversions based on certain conditions; and in Texas, there are no mineral reversions once the minerals have been severed from the surface; and I believe in the majority of the states, they follow this same...

Oil/Gas: property evaluation, american association of professional landmen, aapl
american association of professional landmen, aapl, property evaluation: Mineral rights evaluations are kind of specialized, which is why it s difficult to find anyone qualified or willing to do them. If you plan to sell them, a buyer would probably evaluate them for you, and then pay the value he/she determined. Of course you...

Oil/Gas: Recent Drilling Activity in Dewey County Oklahoma, dewey county oklahoma, oklahoma corporation commission
dewey county oklahoma, oklahoma corporation commission, mineral acres: The a href= http://www.occeweb.com/Orawebapps/OCCOraWebAppsone.html Oklahoma Corporation Commission /a has a wealth of well information available online, and their site is currently free. You can look up such things as forced-pooling orders (the bonus...

Oil/Gas: royalties, cnn money, confidential status
cnn money, confidential status, timbercreek: Prices at the wellhead will usually be lower than the prices you see on TV as the ones on TV are the prices quoted at major oil hubs (i.e. Cushing, OK.) Oil is worth less at the wellhead because the prices don t include the value added to it after it s transported...

Oil/Gas: how much royalty will I receive?, royalty share, royalty payments
royalty share, royalty payments, eddy co: You ll share in any well that s drilled according to your ownership in the drilling and spacing unit. If the well is spaced at 160 acres in the S2 S2 of the section, and you own 80 acres in that 160, then you ll get half the royalty payments due you. For instance...

Oil/Gas: Selling Royalities in Foard County Texas, foard county texas, crowell texas
foard county texas, crowell texas, mineral royalty: If you own mineral rights in this unit, multiply the average of your last six months checks by between 36 and 60. You could probably expect in that range to sell these. A strict royalty interest here would be worth less than if you actually owned the mineral...

Oil/Gas: timeline of oil/gas royalties, irs tax form, gas royalties
irs tax form, gas royalties, royalty payments: All states have an agency that oversees oil and gas production and/or collects the taxes due the state on production. You could contact that agency or look on their website and likely find production information for your well. You could also just contact the...

Oil/Gas: Alfalfa county minerals offer, alfalfa county, blah blah
alfalfa county, blah blah, legit company: Sandridge is planning to drill a couple of wells adjacent to your section 28. One is in 27 and one is in 34. I expect this is the reason for your unsolicited offer. I have heard of BCF, but don t really know much about them. Probably an investor group of some...

Oil/Gas: Cement squeezes, wellbore, water production
wellbore, water production, oilfield: I think you are referring to a block squeeze; a block squeeze is typically performed when a producing zone either becomes depleted or starts producing water. The term block squeeze simply means they are squeezing off a section of the wellbore with cement...

Oil/Gas: Division Order Question, check stubs, royalty check
check stubs, royalty check, timbercreek: The people who are paying the royalty (or were paying) would have a copy of the division order. Their contact info should be on the royalty check stubs. The attorney should know that. Have the attorney check with the operator of the well (assuming it s still...

Oil/Gas: Alfalfa county minerals offer, doerner saunders, daniel anderson
Oil/Gas: Alfalfa county minerals offer, doerner saunders, daniel anderson, llc company

Oil/Gas: identify drilling and completion around leases, texas railroad commission, lease name
texas railroad commission, lease name, timbercreek: The a href= http://www.rrc.state.tx.us/data/online/index.php Texas Railroad Commission /a has a wealth of well information available online concerning oil and gas activity. You can look up such things as drilling permits, production information and completion...

Oil/Gas: Increased density drilling, beckham county oklahoma, apache corporation
beckham county oklahoma, apache corporation, timbercreek: Normal for production to increase? Not usually, but I m sure you re not complaining, right? Could be that they had to choke the well back initially because it was too big for their pipeline or something. The Increased Density application is also a good...

Oil/Gas: mineral interest value, alfalfa county, continental resources
alfalfa county, continental resources, vertical wells: Continental is fixing to drill another well in that section, which is probably why you received the offer. The offer isn t bad, but if the new well comes in good you all will likely be getting around $1500 (collectively) or more per month for the first couple...

Oil/Gas: mineral rights, oklahoma corporation commission, timbercreek
oklahoma corporation commission, timbercreek, mineral company: 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 activity lease renewal not renewed after decline purchase offer, oklahoma corporation commission, leasing tips
oklahoma corporation commission, leasing tips, timbercreek: The a href= http://www.occeweb.com/Orawebapps/OCCOraWebAppsone.html Oklahoma Corporation Commission /a has a wealth of well information available online, and it s free! You can look up such things as forced-pooling orders (the bonus amounts included are...

Oil/Gas: OFFERS ON MINERAL ACRES RIGHTS, true market value, mineral acres
true market value, mineral acres, timbercreek: The best way to find out the true market value for your mineral rights (assuming you want to sell them) is to get them in front of more than one buyer. I would suggest listing them for sale on a href= http://www.mineralhub.com/list-minerals/ The Mineral...

Oil/Gas: Oil's economic Impact, economic contributions, intermediate inputs
economic contributions, intermediate inputs, economical energy: http://www.api.org/Newsroom/upload/Industry_Economic_Contributions_Report.pdf Excerpt The oil and natural gas industry, a vital link in the nation s energy supply, makes important contributions to the U.S. economy by providing an economical energy...

Oil/Gas: Oil's economic Impact, marcellus shale, oil boom
marcellus shale, oil boom, eagle ford: Here are three good examples... Eagle Ford Shale - South TX http://www.caller.com/news/2011/oct/08/though-outside-eagle-ford-shale-alice-reaps-big/?print=1 Bakken Shale - North Dakota http://pattyinglishms.hubpages.com/hub/Top-10-Hot-Jobs-in-New-Town-Oil-Boom-2010...

Oil/Gas: oil and gas lease, landman notarizing OGL
landman notarizing OGL: Jody, I am not sure without looking at the actual lease form whether your lease was notarized properly or not. However, the landman negotiating the lease can also notarize it. If you suspect there are unethical actions that occurred during the process,...

Oil/Gas: Oil/Gas lease proposal, beckham county oklahoma, lease proposals
beckham county oklahoma, lease proposals, gas leases: 1. I live about a mile from here. There is a rig up and drilling right now; has been for about a month now. They probably forgot to lease you which would explain the hurry. 2. The section was force-pooled for $3000/acre and 3/16 royalty I believe,...

Oil/Gas: oil, gas & mineral lease, glen strickland, rotan texas
glen strickland, rotan texas, fisher county texas: On this one I will refer you to an answer by expert David McCall, who addressed the ratification issue for one of his questioners. He is a Texas oil and gas attorney. You can find a link to his answer below: http://en.allexperts.com/q/Energy-Industry-Oil-2441/2010/6/Ratifying-Oil-Gas-Lease.htm...

Oil/Gas: Oil, gas & Mineral Right, texas railroad commission, timbercreek
texas railroad commission, timbercreek, mineral company: The a href= http://www.rrc.state.tx.us/data/online/index.php Texas Railroad Commission /a has a wealth of well information available online concerning oil and gas activity. You can look up such things as drilling permits, production information and completion...

Oil/Gas: oil lease advertising, leasing companies
leasing companies: Martin, The public records will provide any interested company who wants to lease your minerals with ownership information that they would need in order to contact you should they be interested in leasing your minerals. This is how the leasing companies...

Oil/Gas: Reading meters on oil wells, texas railroad commission, check stubs
texas railroad commission, check stubs, oil meters: Unless your lease gives you permission to read the meters it would likely be considered trespassing, besides there really are no oil meters (only gas) so you d have to climb up and look in the tanks to gauge them, which I would not recommend (dangerous...

Oil/Gas: releasing minerals with dry hole on it, salt water disposal, timbercreek
salt water disposal, timbercreek, mineral company: It s possible, especially if they wanted to drill to depths than had not been drilled in the original well. No harm in asking, especially if there is a company doing some leasing in the area already. Hope this helps you out. Frederick M. Mick Scott...

Oil/Gas: Royalty calculation, texas railroad commission, montague county texas
texas railroad commission, montague county texas, royalty calculation: If your MINERAL RIGHTS are included in their production unit, then you will be paid based on your ownership in the entire unit. If the 1000 of the leg under your property does not have any producing perforations then you will not receive any royalty unless...

Oil/Gas: royalty question, bonus payment, signed lease
bonus payment, signed lease, bonus payments: I assume you are talking about a lease bonus payment (down payment) that hasn t been paid. They should have told you about how long it would be until you were paid when you signed the lease in March. If that time has elapsed, then I d call them and ask when...

Oil/Gas: How can I tell if I'm entitled to royalties on natural gas, xto energy, exxon mobile
xto energy, exxon mobile, having such a hard time: Via, I am sorry you are having such a hard time trying to obtain information about your minerals on the property you own. However, yes, this is a very complex business and alot of time you must seek an oil and gas professional to help you navigate the various...

Oil/Gas: 2Question Oil &gas Lease &Is Warter A Minerals, does reserving minerals entitle landowner to water rights
does reserving minerals entitle landowner to water rights: It is my understanding that if you have sold the surface of the property, that the water rights have been sold with it, even if you have reserved the minerals. As for your question about what lease in Grant Co. SandRidge has the lease now ? I am not...

Oil/Gas: Alfalfa County, OK Intent to Drill, oklahoma corporation commission, alfalfa county
oklahoma corporation commission, alfalfa county, gas database: No rig has been moved on location yet that I can tell, though Sandridge is drilling a well currently in section 6 of this township (about five miles NW of you.) Maybe they ll come over and drill yours after they re done (seriously.) If they drill your...

Oil/Gas: Blaine County-oil & gas, offer, purchase
offer, purchase, mineral: Your minerals are in one of the more active areas of Blaine County. I ve attached a map showing the recent permitting activity in the county. More permits indicates more value basically. The map is courtesy of Drilling Info (http://www.drillinginfo.com) and...

Oil/Gas: bailing well, master fabricator, marble size
master fabricator, marble size, water shutoff: The most economic solution for your situation is probably a plunger lift; see the link below for information on how it works. http://www.globalspec.com/reference/28807/203279/html-head-chapter-7-plunger-lift You can either get quotes from companies who...

Oil/Gas: Chesapeake stalls one year / bonus money, certified mail, la salle county texas
certified mail, la salle county texas, bonus money: Send them a letter by certified mail demanding the lease bonus due you for your non executive mineral interest and cite the lease, date and recording information. Give them 30 days to pay you. If at the end of thirty days you haven t been paid, sue them...

Oil/Gas: completion problems/drilling, workover rig, drilling mud
workover rig, drilling mud, completion problems: I regret to inform you that your chances are slim to none. Oil companies (especially large ones) have entire departments that analyze properties and decide where to drill on a daily basis; they focus their efforts on the areas that produce the highest return...

Oil/Gas: How to contact current operator of well, oklahoma corporation commission, owner assistance
oklahoma corporation commission, owner assistance, assistance hotline: You can call the Oklahoma Corporation Commission s owner assistance hotline and give them the section, township, and range the well is located in (i.e. 22-17N-14W etc.) Their phone number should be on their website. They will be able to tell you who the...

Oil/Gas: division order, verification of decimal interest in unit
verification of decimal interest in unit: A division order is calculated based on the net acres you own in the producing unit, and then multiplied by your lease royalty. The result will be your net decimal interest in the producing unit. In order for you to obtain the unit acres, you will need...

Oil/Gas: drill pipe torque ratings, torque ratings, drill pipe
torque ratings, drill pipe, operational limits: Information related to the operational limits of drill pipe is included in the document at the link below (note- you have to purchase this document from the API). http://www.techstreet.com/cgi-bin/detail?doc_no=api%7Crp_7g&product_id=16233 Yes, drill...

Oil/Gas: Fuel Additives, top tier gasoline, fuel additives
top tier gasoline, fuel additives, carbon buildup: Hello Dan First thing i would do is verify that I am using a top tier gasoline (www.toptiergas.com). some of the fuels out there are refined to the basic specifications put out by local and federal guidelines, and no additives are put in downstream. Some...

Oil/Gas: Lease offer, custer county, arapaho
Oil/Gas: Lease offer, custer county, arapaho

Oil/Gas: Oil & Gas Lease, oil exploration, grant county
Oil/Gas: Oil & Gas Lease, oil exploration, grant county, time 3

Oil/Gas: How to find out if someone sold their mineral rights, who, owns
who, owns, mineral: You would need to go to the Pittsburg County Clerk s office in the courthouse and search through the land records. Oil and gas leases are filed of record there, as are other types of conveyances. If she sold anything, it would be filed of record there. Basically...

Oil/Gas: forced pooling in North Dakota, forced pooling rights in North Dakota
forced pooling rights in North Dakota: Grace, I am uncertain exactly what the particular situation is in the unit you are in. There are preliminary actions an Operator must take in order for forced pooling to come into effect. Without knowing what the prior actions of the Operator have been,...

Oil/Gas: gas well, gray sand, cementation
gray sand, cementation, jet pump: Ron, I don t know of one. A downhole electric pump and a jet pump are intended to pump a fluid, not gas. You know what has happened don t you? The formations that shallow are weak and with little cementation to hold them together. If you have an open bottom...

Oil/Gas: Injection disposal well, salt water disposal, drilling rig
salt water disposal, drilling rig, question pool: Ben, Your question has been in the Question Pool so there has been a delay in answering it. A disposal well is no more noisy that a rig that is drilling. Not tripping pipe or pulling it, just on bottom with everything running quitely . A compressor is used...

Oil/Gas: illegal operator?, severance tax, illegal operator
severance tax, illegal operator, landman: You probably will and you will probably need a permit to reenter a well and you will need to file paperwork as operator of the well and probably provide bonding or some security for the proper plugging and abandonment of the well. The state will want their...

Oil/Gas: Kings Co. CA hydrocarbon lease, active drilling in California
active drilling in California: Dear Ms. Cullen: I will attempt to answer your questions although I am not involved in working in the area the property is located in. As for what companies are actively drilling in the area, I am not able to advise you. However, if you go to the California...

Oil/Gas: lease expiration, mountrail county north dakota, mineral acres
mountrail county north dakota, mineral acres, lease expiration: It depends on whether or not your lease contained a Pugh clause as to whether or not lands not included in a pooled unit would be released at the expiration of the primary term. without a Pugh clause, all of the lands will be held, even though only a portion...

Oil/Gas: lease ratification, marginal production, cessation clause
marginal production, cessation clause, dry hole: You need to show the lease to an oil and gas attorney who can actually see the cessation language and other terms. This is not something I can answer in detail on this forum unfortunately, as I am not an attorney and really would need to see the lease and...

Oil/Gas: A little help needed, oklahoma corporation commission, royalty check
oklahoma corporation commission, royalty check, decline rates: I checked, and no permits have been filed to drill a well there yet. The Oklahoma Corporation Commission is the state agency that issues drilling permits. You can check periodically with them to see if there s been any progress, as they will have the most...

Oil/Gas: mineral lease, mineral lease, posession
mineral lease, posession, lessee: Your lease is already expired. If you were going to contest the lease, the time to have done that was when you received the extension bonus. Samson was just trying to do the right thing by paying the additional $25.00. The lease that is recorded is the...

Oil/Gas: mineral rights lease in Ellis county, OK, ellis county ok, square sections
ellis county ok, square sections, mineral acres: $1000/acre is on the high end of average in this PART of 19N-26W. You might get more, but I ve seen as little as $450/acre being paid in this part of the township (i.e. section 21.) In the southern part of the township (i.e. section 35) as much as $2500/acre...

Oil/Gas: mineral rights Marshall County OK, lease offers in Marshall County, OK
lease offers in Marshall County, OK: Jim, I suppose the up side would be that you would be offered an opportunity to agree to the terms and receive bonus monies for granting the Oil, Gas and Mineral Lease. The down side would be that you didn t try to counteroffer or accepted their first...

Oil/Gas: mineral rights offer, mineral rights, small portion
mineral rights, small portion, cty: Make a counter offer of $250 per acre, .225 royalty and insist on a vertical and horizontal Pugh Clause. You will get at least 1/5 royalty. Insist that all of the lease be included in a unit if the well is drilled on the lease tract and at least half of the...

Oil/Gas: Oil & Gas Lease, leasing rights in Grant County, OK
leasing rights in Grant County, OK: Dear Mr. Hartman: I would suggest that you check with other landowners in this area and see what offers have been made to them. Then, if you can find out that there are other companies also active in the area you may consider calling them to see if they...

Oil/Gas: Oil and Gas Lease, net acre value
net acre value: Cynthia, A landowner is only paid based on the net acres they own. For example, if the tract is 20 acres, but you only own a half interest, then your ownership is 10 net acres. Whether you own 10 or 20, if you have negotiated a certain amount per acre,...

Oil/Gas: Oil and Gas Lease Offer, Creek County, OK, gas lease, timbercreek
gas lease, timbercreek, mineral company: You re not going to do much better than these offers in this area, maybe a little though. I d work with the 3/16 royalty offer if it were me, since I hate to see anyone lease for only 1/8. See if they ll bump it up to $100/acre, 3 years, and 3/16 royalty....

Oil/Gas: Oil & Gas Lease, Payne County, OK, black bear creek, leasing activity
black bear creek, leasing activity, gas lease: 20N-4E is actually one of the dead zones in the area currently. There are current drilling permits in the surrounding townships, but none in 20N-4E. The 20N-4E township, as you may know, is really just a big square with six miles on each side. Inside the...

Oil/Gas: Oil,Gas and mineral lease, leasing rights in Hildago County, TX
leasing rights in Hildago County, TX: Brenda: It s very important to me to answer these questions correctly. However, there are many things I need to know before I would be able to advise you honestly on this. Without knowing what the well activity is in the area, who the Operators are, what...

Oil/Gas: Oil and Gas possibility, oil shale, rock surfaces
oil shale, rock surfaces, west desert: Back in the late Seventies, Exxon spent several hundred million dollars trying to extract oil from oil shale. They gave it up. Back in the Fifties, Sunoco bought some oil bearing sand in Canada and began trying to extract the oil. By the Eighties it was a...

Oil/Gas: OK Mineral Deed Automatic Term Limit?, mineral deed, timbercreek
mineral deed, timbercreek, mineral company: In Oklahoma a mineral deed is perpetual (no time limit) unless otherwise noted on the deed itself. There are some trying to change that, especially for very small interests they consider to be abandoned. So far they have not been successful. Hope this...

Oil/Gas: oil-gas royalties, texas rrc, royalty owner
texas rrc, royalty owner, gas royalties: Your NPRI comes out of the royalty attributed to the tract under which your NPRI is derived. Your NPRI comes first and whatever is left goes to the landowner royalty owner. You will need to sign a ratification of the lease or leases covering lands under which...

Oil/Gas: old mineral deeds, safety deposit box, lincoln co
safety deposit box, lincoln co, 2 ne 1: One thing I d recommend doing is confirming he didn t later sell these interests. With deeds that old, it s likely. You d need to take a trip to the county clerk s office to determine that most likely, or hire someone to do it for you once you determined whether...

Oil/Gas: Pittsburg County, Ok. minerals, mineral offer in PA
mineral offer in PA: Adam: An Affidavit of Non Production is usuallly filed to reflect that there has been no oil or gas production on the property for a specified length of time which is usually filed to secure a Release of Oil, Gas and Mineral Leases. Perhaps there was a...

Oil/Gas: Pontatoc County, Oklahoma well activity
Oklahoma well activity: Shirley, You can visit the Oklahoma Oil & Gas Commission s website at: www.occ.state.ok.us/Divisions/OG/newweb/og.htm where you will be able to imput your section, township and range, Sec. 2-T2N-R9E, and pull up any well activity in this section. It will...

Oil/Gas: Possibility of producing well., tillman co, royalty share
tillman co, royalty share, salt mixture: Not a good area currently. Attached is a map (used with permission) showing drilling permits issues for the general area since 2008. Hardly any. If this were a busy area, the map would be pockmarked with blue dots. Research (i.e. hiring a geologist) for...

Oil/Gas: Question, chevron texaco, trident submarine
chevron texaco, trident submarine, salt corrosion: Hello Robert I don t answer questions about, leases, mineral rights etc. as stated in my profile. I am a Signature Certified Industrial Lubrication Specialist with Chevron/Texaco. That means i know lubricating oils and their applications and uses, nothing...

Oil/Gas: Riparian rights, accretion
accretion: Courts and commentators have almost uniformly held that unsevered mineral estates are susceptible to the doctrine of accretion. The doctrine basically provides that gradual accretions of land from water belong to the owner of the land and land encroached...

Oil/Gas: Royalty Payment, severance tax, royalty payment
severance tax, royalty payment, royalty check: This is a math problem and I will give you the formula to calculate your interest. You figure out the price of oil or gas, severance tax and gas treatment. 16.5/640 x .18750 x price of oil/gas - severance tax and gas treatment x 30 days = royalty payment...

Oil/Gas: No royalties, no production reports, no communication, no response from Texas Operator
no response from Texas Operator: Mike I truly understand how frustrated you may be trying to get an answer from the Operator of this well. Have you checked to see if the Operator has perhaps sold this and they are not responding to your certified letter because they don t have any liability...

Oil/Gas: Stephens County Oklahoma, stephens county oklahoma, royalty interest
stephens county oklahoma, royalty interest, continental resources: The fact that you are receiving offers to lease prior to your current lease s expiration is a good sign in my opinion. It means there is still interest in your mineral rights. Continental Resources has recently applied for a spacing order in your section...

Oil/Gas: Value of Interests, texas railroad commission, val verde county tx
texas railroad commission, val verde county tx, val verde county: I ve attached a map showing leasing activity in Creek County over the past six months The map is courtesy of http://www.drillinginfo.com and is used with permission. There s not much going on in the areas you mentioned as you can see. There s not even enough...

Oil/Gas: Bonus Payment, bonus payment, timbercreek
bonus payment, timbercreek, mineral company: Offer is not too far off base, but I d still shoot for $150. If you can get it, go for it, if not, I d consider not leasing for any less than $125/acre. Looks like KS Oil Company and Unit Petroleum are the only two who have filed any leases of record in your...

Oil/Gas: Canadian O&G Mineral Rights, buying oil and gas properties
buying oil and gas properties: William: I do not have any business experience with Canadian oil and gas companies but if you are interested in purchasing oil and gas properties in North Louisiana; E. Texas, S. Arkansas or Colorado, I can certainly help you there. Please be careful who...

Oil/Gas: determine lease and production on property, finding out about well activity in Texas
finding out about well activity in Texas: Morris, You can check with the Texas Railroad Commission at www.rrc.state.tx.us/ which is the state oil and gas commision office that has all the records of all wells drilled in the state. If you provide them with the property information you have set out...

Oil/Gas: how to determine value of well, independent geologist, lease specialists
independent geologist, lease specialists, eagle ford: Ben, Any Consulting Geologist with an office or work experience in your area would be able to examine the log and identify the formations on it. It would not take long, only a few hours for a preliminary look. I do not know what would be charged, $500 minimum...

Oil/Gas: Eagle ford shale, shale oil, oil shale
shale oil, oil shale, eagle ford: The well in 1964 was probably a vertical well and you will need to drill a horizontal well into the shale and perform a frac job in order to get the well to produce from the shale. The shale layer does vary in thickness and this is why the oil companies...

Oil/Gas: Lease Offer - Washita County, extension 1, chesapeake
Oil/Gas: Lease Offer - Washita County, extension 1, chesapeake, royalty

Oil/Gas: Lease provisions, gas lease, member tools
Oil/Gas: Lease provisions, gas lease, member tools, natural gas

Oil/Gas: non-participating mineral rights, legitimate expenses, net profits
Oil/Gas: non-participating mineral rights, legitimate expenses, net profits, gross production

Oil/Gas: Oil & Gas Lease Love County Oklahom, oil tanks, completion stage
Oil/Gas: Oil & Gas Lease Love County Oklahom, oil tanks, completion stage, love county

Oil/Gas: oil and gas lease, emal, signing bonus
Oil/Gas: oil and gas lease, emal, signing bonus, yahoo

Oil/Gas: oklahoma shale, barnett shale, woodford shale
Oil/Gas: oklahoma shale, barnett shale, woodford shale, leaseing

Oil/Gas: Payne County, Oklahoma, drilling activity, geologist
Oil/Gas: Payne County, Oklahoma, drilling activity, geologist, inquirer

Oil/Gas: funds in suspense, hughes co, timbercreek
hughes co, timbercreek, mineral company: Below is all the production info I have for the Stan 1-5H well in 2010. All numbers are in mmcf (millions of cubic feet.) Multiply by one million to get actual cubic feet. Jan: 9.84 Feb: 8.83 March: 0.00 April: 9.12 May: 9.06 June: 8.73 July: 8.77...

Oil/Gas: Lease Offer - Washita County, royalty interest, gas leasing
royalty interest, gas leasing, leasing tips: Chesapeake has been doing a lot of leasing in 9N-14W, with the most recent being in sections 3, 25, and 28. It appears that they are in fact renewing some leases they took previously in this township, which means you will likely receive an offer at some point....

Oil/Gas: Lease provisions, Lease offers
Lease offers: Hi Robert: Unfortunately you cannot visit a database to determine what others have been offered. The oil and gas industry does not operate this way in regard to negotiating lease terms. Remember, the prospect is being leased and companies do not disclose...

Oil/Gas: Lease in Roger Mills County, mewbourne oil company, chesapeake energy
mewbourne oil company, chesapeake energy, timbercreek: The major lessees in this immediate area are Chesapeake Energy, Mewbourne Oil Company, and Sandollar Exploration Company. As to what they are paying I really can t say as I ve not had any feedback from people in that area and lease bonus information is not...

Oil/Gas: lease bonus, timbercreek, mineral company
timbercreek, mineral company, ellis co: I d say it s a fair offer, as long as the lease is for no more than three years (including any extensions.) Most of the currently producing wells surrounding this section are very small, and I don t see any permits for new wells in the area. Most of the activity...

Oil/Gas: Mineral Right Ownership, affidavit of death, mr mcconnell
affidavit of death, mr mcconnell, intestate estates: The Oklahoma laws governing descent and distribution of intestate estates at the time of your father s death determine the ownership. In order to bring the chain of title current, you should have prepared an affidavit of Death, Heirship and Marital history...

Oil/Gas: Mineral Rights purchase offer, horizontal drilling, mineral rights
horizontal drilling, mineral rights, new wells: No current permits for this section, though Chesapeake is drilling a well in section 28 as we speak, and St. Mary (your operator) has another rig up in section 34 right now (two miles east of your section 32.) Whether these new wells will be big producers...

Oil/Gas: mineral lease, surface owner rights to oil well
surface owner rights to oil well: Louis, I believe I ve answered this question but to be sure I will answer it again. An oil and gas lease provides what the landowner will be entitled to if a well is drilled. If they are planning on re-entering an old well, then they shouldn t be drilling...

Oil/Gas: mineral leasing, montague county texas, bonus amounts
montague county texas, bonus amounts, mineral leasing: Basic truisms for leasing are the more activity there is in an area, the more competition there will be between lessees. The more competition there is, the more bargaining power the mineral owner will have. I do not know the current lease bonus amounts...

Oil/Gas: mineral rights, Undivided interest owners in a lease
Undivided interest owners in a lease: Mandy,k The energy company should know how to set up a lease for undivided interest owners. You do not all have to be on the same lease, each one of you can grant your own separate lease. However, the larger your interest, the more negotiating power you...

Oil/Gas: minerals in suspense, Dealing with the Operator about royalty in suspense
Dealing with the Operator about royalty in suspense : Stan, Unfortunately you as a layman are having to navigate the complicated and difficult systems of the oil and gas industry. It really seems impossible without a professional s assistance. Much of the time it involves dealing with the legal system in addition...

Oil/Gas: NPRI % SAME AS MINERAL OWNER LEASE?, texas warranty deed, royalty interest
texas warranty deed, royalty interest, mineral owner: Your NPRI interest is 1/32 of 8/8. The conveyance is very specific being a one fourth (1/4) of a one-eithth (1/8) royalty . If it had been one fourth of the royalty it would be computed from the 25% royalty as 6 1/4%. But in your case, it is computed...

Oil/Gas: About net and gross acres clarification, petroleum engineer, gross acres
petroleum engineer, gross acres, recoverable reserves: 1. Seismic surveys are usually done and then evaluated by a geologist or petroleum engineer to determine what the potential for the area might be. Landmen are usually not involved in this part of the process unless they also happen to be geologists. 2....

Oil/Gas: non-participating mineral rights, Oil and Gas Terminology
Oil and Gas Terminology: Nancy, A Non-Participating mineral interest means that you do not have any Executive Rights, i.e., you do not have the right to grant future oil and gas leases and consequently, do not receive any of the bonus money paid when a new lease is granted. A Non-Participating...

Oil/Gas: Offer to lease in Woods Co., timbercreek, mineral company
timbercreek, mineral company, m scott: The lack of activity around there leads me to believe that this may well be the best offer you can hope for. There s just not much going on, leasing or otherwise. I d seriously consider the offer if it were me. It s definitely in line with the market value...

Oil/Gas: Oil/Gas Lease, nacogdoches county texas, lease companies
nacogdoches county texas, lease companies, ingress and egress: It would appear by your question that the landman missed the reservation of one half of the minerals. They probably overpaid the interest they did lease. Companies have a hard time admitting mistakes like that. My email address is jimmccon@20oaks.com. If...

Oil/Gas: Oil & Gas Lease Love County Oklahom, summit resources inc, lease proposal
summit resources inc, lease proposal, love county: Summit Resources, Inc. seems to be the major lessee in this township, which basically means they don t have much competition yet. Based on current drilling activity in your immediate area (there s hardly any) $500/acre doesn t sound like a bad deal, though...

Oil/Gas: Oil/gas leases in OK, affidavit of death, gas leases
affidavit of death, gas leases, oklahoma oil: You would need to research on a county by county basis the ownership interests which in all likelihood would cost you more than the property is worth. You could file an affidavit of death and heirship in each of the counties, including a description of the...

Oil/Gas: Overriding Royalty Interest, passing ORRI through probate
passing ORRI through probate : Marge, The oil purchaser probably needs a copy of the Judgment of Possession which places you in possession of this interest. If you have finalized the estate then there should be a Judgment of Possession filed in the county in which the estate was probated....

Oil/Gas: oil/gas, Benefits of Haynesville in Desoto Parish, LA
Benefits of Haynesville in Desoto Parish, LA: Kayla, There are numerous ways the Haynesville discovery has impacted Desoto Parish, LA. There are economical ways, there are geographical ways, there are social ways, ad infinitum. Property values have increased, property taxes have increased, public roads...

Oil/Gas: oil and gas lease, negotiating lease terms
negotiating lease terms: Rene, Unfortunately it is very hard to negotiate the proper terms and get the best offer for your minerals as a layman. Oil and gas professionals such as myself assist landowners with this to ensure they are getting the highest offer they can and, most importantly,...

Oil/Gas: oil/gas lease, storage field, gas lease
storage field, gas lease, fuel company: Don t do those. But, I am curious. Getting quite a few questions on lease, royalty s, paybacks, and so on. In my profile I state I don t do those, only lubricant tech questions. Is there something on this site that leads you to believe that I do? Wouldn...

Oil/Gas: oil and gas lease, surface owner, gas lease
surface owner, gas lease, lessee: Lease your half to expire on 9/13/12 with an option to extend the lease for the balance of the term upon the Lessee paying for a full interest. If you sign a lease with a primary term exceeding the point in time wherein the minerals revert to the surface...

Oil/Gas: oil surveysand selling, value of minerals
value of minerals: Ashley, If you are wanting to see if your mineral interest (your oil) has any value, and what that value is, I will be happy to take the first step for you. If you will send me the County, State, and the section, township and range, or the Abstract and Survey...

Oil/Gas: oklahoma shale, Lease offers in Love County, OK
Lease offers in Love County, OK: Rick, I have not been involved in Love County, Oklahoma so I do not know what the going rates are. You should contact some of the landowners around your property and see what terms they have agreed to. This would be the best thing to do to make sure you...

Oil/Gas: Payne County, OK, acre lease, royalty interest
acre lease, royalty interest, leasing activity: $125/acre, 3 years, and 3/16 (and less) is about the going rate in your part of Payne County actually, though with 40 acres I d say it s worth trying to negotiate a little bit, since leasing 40 acres at once would save them acquisition costs because buying...

Oil/Gas: Payne County, Oklahoma, payne county oklahoma, surface damages
payne county oklahoma, surface damages, google: Interested in drilling and interested in leasing are two different animals. Just because two companies are interested in leasing does not necessarily mean either or both of them are interested in drilling. They may just be speculating, they may be trying to...

Oil/Gas: property split is it ok?, dividing ownership in minerals
dividing ownership in minerals: Pat, If you decide to give each owner their 5-acres in their name it will not make any difference with the energy company. They will still want to lease from you and develop your land if the acreage is within a prospect they want to drill. I hope this...

Oil/Gas: Royalty Payments, desoto parish, royalty funds
desoto parish, royalty funds, royalty payments: The operator of the well, or eventually the state s unclaimed property fund is who holds suspended royalty funds. Have you tried searching for your name on www.missingmoney.com? Payments are usually held in suspense because the operator could not find contact...

Oil/Gas: Specific garvity of lub oils, polycyclic aromatic hydrocarbons, hydrocarbon compounds
polycyclic aromatic hydrocarbons, hydrocarbon compounds, saturated hydrocarbons: Jean Being in California, we use Analysts Inc. http://www.analystsinc.com/ Go to their site and get the contact information, call them and explain your situation. They will require a sample of the product in question to analyze. it should take about a...

Oil/Gas: servitude lapse?, rapides parish louisiana, pipeline operation
rapides parish louisiana, pipeline operation, competent attorneys: There are times when it is not only adviseable but profitable to hire an attorney. Neither I or anyone else could begin to advise you on a situation like the one you describe without doing some due diligence and reviewing the documents and the public record...

Oil/Gas: value of funds in suspense, continental resources, first three months
continental resources, first three months, hughes county: The Ted well may be shut in, or it could also be that the Corporation Commission s website has not updated yet. Hard to tell which is the case, but usually they are only a few months behind. I show production through August of 2010. You could call Continental...

Oil/Gas: Water disposal well on my land, water pipe line, haul trucks
water pipe line, haul trucks, dry hole: Either you or I don’t have enough information for this. The well to the north could produce and pay royalties regardless of the location of the disposal well. Your lease probably pays royalty as a percentage of production, not a percentage of income so...

Oil/Gas: Aunt left me royalties, locating missing royalties
locating missing royalties: Jack, If you checked with a local abstractor s office, they may be able to assist you with this. What needs to occur is for someone to be able to examine the county clerk s office where this property was located to see if they can run this name to determine...

Oil/Gas: Bank Draft, bonus payment, logan county
bonus payment, logan county, bank act: Most lessees want you to mail the signed lease back to THEM, and put only the DRAFT through your bank, thereby giving them possession of the original lease before the draft is paid. Will you get paid this way? Probably. Will the payment be on time? Sometimes...

Oil/Gas: Canadian County, OK Drilling Application, devon energy, application question
devon energy, application question, legitimate companies: Shale wells tend to decline fairly rapidly in their first couple of years (as much as 70%,) and then level off. Most will last ten years or so, depending on the area-specific geology (there are shale plays all over the country.) I think Oklahoma s Woodford...

Oil/Gas: Drilling 101, petroleum engineering handbook, drilling engineering
petroleum engineering handbook, drilling engineering, handbook volume: The oil and gas industry is technical by nature so there are no clear explanations ; however, the books at the links below will give you a good understanding of the fundamentals. The first book is related to drilling and the second one is related to production....

Oil/Gas: Drilling, production zone, vertical wells
production zone, vertical wells, shale: Yes, in vertical wells they typically drill through the base of the production zone and make sure they get into a good solid shale and then set the production casing. The non-permeable shale will allow for a quality cement job across the production zone and...

Oil/Gas: existing gas line rights, corry pa, timbercreek
corry pa, timbercreek, mineral company: It s likely SOMEONE gave them a right-of-way (ROW) across this land, and if not the former owner, then probably an owner before them. It s probable that the ROW was simply not referenced on your deed. You d need to check further back in the records to determine...

Oil/Gas: Canadian County, OK Drilling Application, woodford
Oil/Gas: Canadian County, OK Drilling Application, woodford

Oil/Gas: Gross vs. Net Acres on Lease? , custer county, apache corp
custer county, apache corp, gross acres: The 160 acres are the gross acres in the tract they leased. Your 60 net acres are not listed on the lease itself. Anyone who owned minerals in that quarter section and leased would have received the same description on their lease. It simply describes...

Oil/Gas: What happens if potential Lessee gets my net acres wrong?, title checks, mineral acres
title checks, mineral acres, gas lease: In most states, except perhaps Kansas (which has no forced-pooling,) a company can drill a well that includes your minerals even if you refuse to lease. You will still be paid your fair share of production if you don t lease, except perhaps in Texas, where...

Oil/Gas: Lease to expire soon, chesapeake energy, lease expiration
chesapeake energy, lease expiration, mineral interests: If Chesapeake wants to renew or extend your lease, they know where to find you. If they don t contact you, they re not interested. Most recent leases I see for your section and the surrounding sections were in section 12-15N-7W (directly west of your section...

Oil/Gas: mineral lease, receiving royalty revenue from unleased minerals
receiving royalty revenue from unleased minerals: Thank you for your kind words. I do love helping people and find this is a good way to help others. Yes, if you are the mineral owner, then you should have negotiated the lease terms if the well is being drilled under a new lease. If, however, the well...

Oil/Gas: Oil Gas Lease, barnett shale, timbercreek
barnett shale, timbercreek, mineral company: Unless you are in the drillsite tract (i.e. you own in the tract they plan to put the rig on) you could be shut out of the well. It s also possible they have just decided not to drill a well this time. In most cases, a lessee would rather lease than cut you...

Oil/Gas: Oil refining, richmond chevron refinery, methane hydrates
richmond chevron refinery, methane hydrates, submarines in ww1: interesting idea, but have you ever seen a real refinery? The size is daunting! and they tell me at the Richmond Chevron refinery, They don t get much smaller. The fractionating towers alone would probably preclude an ocean going version. VERY TALL indeed....

Oil/Gas: Overriding Royalty Interest, beckham county oklahoma, oklahoma corporation commission
beckham county oklahoma, oklahoma corporation commission, royalty interest: You can check with the Oklahoma Corporation Commission, or check their web site at http://www.occeweb.com/Orawebapps/OCCOraWebAppsone.html I checked for you this time and can tell you that there has been no production in that section since 1981. The section...

Oil/Gas: oil&gas lease, mineral owner, gas lease
mineral owner, gas lease, production phase: The drilling permit issued by the state will actually determine how deep each well can be, but you can insert a depth clause into your lease stating that the lease will only be valid for the depths of any wells that are commenced during the primary term...

Oil/Gas: oil & gas royalties, when are royalties due
when are royalties due: Mark, I have not worked much in Mississippi so I do not know the answer to how far you need to be in order to collect royalties to a well. However, in most states, a unit is created for a well and all landowners within the boundaries of the unit receive...

Oil/Gas: ownership of mineral rights, clarifying mineral interests conveyed
clarifying mineral interests conveyed: Doris, Unfortunately you did not provide the state where these minerals are located. The outcome of this interpretation is based on the state s mineral laws. Also of importance, in any of the prior deeds, did they acknowledge the prior mineral reservation?...

Oil/Gas: Property Status/Royalty payments, royalty payments, co brown
royalty payments, co brown, timbercreek: The CO Brown #1 is the only well producing in the SW/4 of the section. It s operated by a guy named JD Pittman currently. It s a small oil well in the NW/4 SW/4 and is currently producing about a truckload of oil per month looks like. 3521 NW 42nd in Oklahoma...

Oil/Gas: doing separate leases for shallow (oil), deep (oil) and natural gas, metes and bounds, site search engine
metes and bounds, site search engine, shallow oil: It s not uncommon to ask for a depth clause or even lease only specific formations, either method limits them to only certain depths. A depth clause would require them to lease you again for depths deeper than those drilled during the primary term. If they...

Oil/Gas: Unit Size of Gas Well, royalty interest, tangible personal property
royalty interest, tangible personal property, mineral owners: You d need to contact your state s oil and gas regulatory body to see about getting proof of the de-spacing. If they have a web site, it can probably be found by doing a search there. In Texas, that would be the Railroad Commission, in Oklahoma it would...

Oil/Gas: water shut-off using cement squeeze, cement slurry, water zone
cement slurry, water zone, perforations: Typically, they will pump cement into the bottom of the well and then hesitate squeeze the cement into the lowest set (i.e. deepest set) of perforations. Also, the cement slurry has to be formulated properly for this technique to work properly (e.g. high...

Oil/Gas: Average Cost, oil water separator, flare stack
oil water separator, flare stack, beam pump: Hamdy, Surface production equipment for a typical land well that produces oil and has a pumper will range $350,000 average. This is the beam pump, an oil/water separator, a tank battery of two tanks; one for water and one for oil, the piping and manifolds...

Oil/Gas: What are the benefits of MPD?, drilling efficiency, penetration rate
drilling efficiency, penetration rate, consistent pressure: UBD is specifically underbalanced drilling and MPD is managed pressure drilling. The main difference is that in UBD the pressure on the well is lowered so that the well can flow to the surface while drilling (i.e. flaring), whereas, in MPD the pressure...

Oil/Gas: Fair Lease, barnett shale play, bonus amounts
barnett shale play, bonus amounts, bonus payments: Likely the $17,000/acre bonus amounts are at least a couple of years old. You cannot expect to get the amounts that were being offered two years ago. If $17,000 is the amount CURRENTLY being offered to and received by others then you should fight to get the...

Oil/Gas: Fair Price for an offer in Caddo County, caddo county oklahoma, royalty payment
caddo county oklahoma, royalty payment, town of hinton: $1500/acre is better than others in that township have been receiving. If however the offer is $1500 for all five acres your mother owns, then I wouldn t lease for that. Section 11 was pooled for $800/acre in February, and section 21 for $1000 that same month....

Oil/Gas: Mineral Rights, natural gas wells, coal county
Oil/Gas: Mineral Rights, natural gas wells, coal county, one of these days

Oil/Gas: Gas & oil leasehold acreage for sale, selling lease interests
selling lease interests: Mr. Stone, I cannot recommend anyone in this area. Are you familiar with any oil and gas attorneys in this area that you could inquire with? When you say your client wants to sell his oil and gas leases , is he the Lessee on the leases or does he want...

Oil/Gas: Mineral Rights, determining heirship interest in Oklahoma
determining heirship interest in Oklahoma: Mrs. Scarberry: There are many people who write to me that are struggling to determine what interests they own and how they go about determining the status. From what you have provided above, the property was not leased but rather permission to have a seismic...

Oil/Gas: Mineral Rights in Beaver County, beaver county, royalty payments
beaver county, royalty payments, timbercreek: First question: The lease will not expire until the well (or a future well completed while this one is still active) is no longer capable of producing in paying quantities. The current company can sell the lease to someone else in the future, but as long as...

Oil/Gas: Mineral Rights - Fair Offer, ellis county oklahoma, oklahoma section
ellis county oklahoma, oklahoma section, timbercreek: Chesapeake is doing a lot of leasing in this area currently. Capital Land Services is as well. They may be leasing for Chesapeake, though I suspect they may be leasing for a company called Jones Energy, LTD., who is also active in this area. You d have to...

Oil/Gas: mineral rights offer, is it enough., white county arkansas, seeco
white county arkansas, seeco, timbercreek: Not a bad offer based on current production from that well of about 4000 mcf of gas per month. Note that XTO did apply for permits in a couple of the surrounding sections recently. If those wells are drilled and come in good they may drill your section again...

Oil/Gas: Oil & Gas Division Order, unpaid royalty
unpaid royalty: Mr. Wilson, I am not sure what may have happened to this company. In order for me to assist you I would have to have a copy of the division order that you signed and I could do some research to try and locate the current interest owner of the property. ...

Oil/Gas: Oil & Gas Lease offer, pawnee county, leasing activity
pawnee county, leasing activity, timbercreek: The $10 thing is standard fare on most leases and deeds so don t worry about that. They should send you a cover letter with your lease stating the actual bonus. You can save that as evidence of their offer. Not much going on around here lately so you...

Oil/Gas: Ongoing oil lease, burleson county texas, royalty owner
burleson county texas, royalty owner, acre unit: A lease, if production is found during its primary term, will be extended for as long as the production continues. This could be decades. That s why it s always important to negotiate the best lease you can before signing. The mineral owner s royalty interest...

Oil/Gas: oil mineral rights, intestate succession, succession laws
intestate succession, succession laws, th quarter: I m sorry for your loss. If your father s will had a residual clause in it then the minerals would be divided the same way as any other residual property not specifically mentioned in the will. (A residual clause will usually have the word residue or...

Oil/Gas: Payne County Oklahoma Lease Activity, payne county oklahoma, limestone area
payne county oklahoma, limestone area, aaph: I d shoot for $250/acre, 3/16 royalty, and nix the two-year extension. They may go for that, they may not, but it would behoove you to lease for at least slightly better terms. I can tell you that I ve seen several Barton leases for 3/16 in that township recently....

Oil/Gas: Payne County Oklahoma Lease 20-18N-3E, payne county oklahoma, woodford shale
payne county oklahoma, woodford shale, mineral owners: Based on recent offers submitted to me by other mineral owners in the area I d say that s a bit more than the going rate currently, at least for non-Woodford Shale wells. If it s from Calyx Energy they might be going for a Woodford Shale well though, which...

Oil/Gas: Selling Mineral Rights, beckham county, directional wells
beckham county, directional wells, sharing your expertise: SM Energy completed a well three miles E/SE of you in section 34 in 2010. It was nothing spectacular when it came in, and has since declined to almost no production at all. Whether this is due to geology, a bad completion, or is on purpose due to low gas prices...

Oil/Gas: Average drilling cost per meter for using MPD/UBD, chalk formation, austin chalk
chalk formation, austin chalk, drilling rig: Hamdy, The costs were for UBD section only. These wells are mostly pre-planned and use conventional drilling to set some casing just above the zone and then UBD/MPD techniques begun. Hole size, casings, depth all play a part. Conventional drilling today...

Oil/Gas: How calculating the optimum working interest, engineering calculations of a well
engineering calculations of a well: Hamdy, My profession in the oil and gas industry is as a landman. A landman specializes in the ownership rights and titles of the mineral ownership to the land. I examine title records, handle negotiations between company and landowner where the company...

Oil/Gas: Cost of Cementing, meter numbers, gas wells
meter numbers, gas wells, financial controller: Yerbol, I can t give you much help with this one, sorry. That does seem high. In the continental U.S.A. $135,000 is a typical cost for a 4,500 meter (15,000 ft), 25 cm diameter and 14 cm diameter casing, well. It has been several years since I have worked...

Oil/Gas: drilling, latimer county, gas database
latimer county, gas database, directional wells: They drill in the areas that have proven to be the most productive; if it is an exploration well they use seismic data to pick the area with the most potential. When they drill directional wells they can angle under certain areas and extract the minerals;...

Oil/Gas: drilling history on a piece of inherited property, salt water disposal, royalty checks
salt water disposal, royalty checks, pottawatomie county: There is currently no producing well that includes mineral owners in the E/2 of the NE/4 of Section 21. Thee Kroos-SWD 1 well would likely have included your interest, but it stopped producing in 2000 and I think it was turned into a salt water disposal...

Oil/Gas: Expired Lease in Caddo County, fort smith ar, expired lease
fort smith ar, expired lease, devon energy: It s likely you would have been contacted already if anyone was interested in leasing this right now. The fact that you haven t been contacted probably indicates there is no interest at this time. The only company who has filed a lease recently contiguous...

Oil/Gas: Gas royalty payments, gas royalty, royalty payments
gas royalty, royalty payments, timbercreek: The well started producing in July of 2010, and has produced at least 600,000,000 cubic feet of gas since then. With 22 acres, I d estimate they owe you about $15,000 by now. If you have not received a division order yet to sign, I d call them ask ask to see...

Oil/Gas: Latimer County OK, latimer county oklahoma, timbercreek
latimer county oklahoma, timbercreek, mineral company: It s pretty dead in that area currently. Some recent permitting activity to the west in 5N-20E and a few to the north of you, but not many. A fair amount of leasing by Chesapeake, Unit Petroleum and others recently in 5N-21E and also in 6N-23E but none I can...

Oil/Gas: lease offer, blackstone energy company, nacogdoches county texas
blackstone energy company, nacogdoches county texas, goodrich petroleum: I m not that familiar with Nacogdoches County lease bonus amounts so can t tell you for sure if it s a fair offer or not, though it doesn t sound bad considering the activity in the area. There are several companies leasing in the general area, though Goodrich...

Oil/Gas: Mineral Deeds, well production
well production: Todd, You can visit the Oklahoma Oil & Gas Commission site at: www.occ.state.ok.us/Divisions/OG/newweb/og.htm You will be able to put in your property location information, such as, your section, township and range and it will provide you with the well...

Oil/Gas: mineral rights, surface and mineral owner division
surface and mineral owner division: Janet, You have some good questions here and hopefully my answer will help others with the same situation. Yes, it is legal for the surface of the property to be sold without the minerals in Texas as well as all others state in the U.S. However, since...

Oil/Gas: mineral rights, sheridan counties, bogc
sheridan counties, bogc, mineral rights: I would lease instead of sell because once they re gone they re gone. Go to the website below and see who is active in your area and then contact them in writing asking if they are interested in leasing. http://bogc.dnrc.mt.gov/default.asp If you...

Oil/Gas: OIL/GAS LEASE, clay county texas, memorandum of understanding
clay county texas, memorandum of understanding, lease broker: You could just offer to lease to them for ONE year and thus avoid the problem. Tell them you will be happy to lease to them again in one year, at the then current rates. It s not uncommon for smaller companies to contact people directly really. Going from...

Oil/Gas: oil and gas lease, gas lease, tlma
gas lease, tlma, bargaining power: You don t have to sign, you can negotiate as long as the system will let you. Eventually you may get force pooled and the terms will be decided by the state regulatory agency; you may get more, but you may get less. I would continue doing research and...

Oil/Gas: Oil and Gas Lease, desoto parish, royalty checks
desoto parish, royalty checks, lease expiration: If the lessee begins drilling a well prior to your lease expiration, and it proves productive, the lease will be automatically extended for as long as there is production from the leased premises. This language, or something similar to it, can be found in...

Oil/Gas: Oil & Gas Lease in Alfalfa Co., lease, clauses
lease, clauses, add: I wasn t aware anyone but Chesapeake was leasing in that immediate area. RK Pinson has bought a couple of leases recently, but they may be working for Chesapeake actually. To answer your question, it s not unreasonable to ask the first company to offer...

Oil/Gas: Oil/Gas Royalties, apache, oklahoma
apache, oklahoma, Beckham: The well was spud on February 12, 2011. Likely they had commenced operations for drilling prior to your lease expiration however, so unless you had a clause in your lease similar to the one below, it s likely that your lease is still active and has not...

Oil/Gas: Oil and Gas Value for Estate Purposes, estate, mineral
estate, mineral, valuation: I would talk to an accountant first. I think IRS has a formula they use to evaluate producing mineral rights for estate purposes. An accountant would likely know what that formula is. A probate or oil and gas attorney might also know. The attorney or accountant...

Oil/Gas: Royalty comment, caddo parish louisiana, oil gas production
caddo parish louisiana, oil gas production, leaky faucet: Oil companies are not interested in storing oil and gas. All of them, even the very largest, need cash flow to operate. Cash flow is the reason farmers plant when they know the price for their crops will be low. A corporation, a small company or an individual...

Oil/Gas: SECTION 13 TOWNSHIP 16 NORTH RANGE 22WEST OF THE IM ROGER MILLS COUNTY, OKLAHOMA, roger mills county oklahoma, oil and gas prices
roger mills county oklahoma, oil and gas prices, royalty payments: Depends on your needs as to whether leasing or selling is the better option. Selling would get you more money up front, in one lump sum, that would be taxed at a lesser rate (check with your accountant) than would the money you d receive by leasing them, or...

Oil/Gas: Selling mineral rights, sell, mineral
sell, mineral, rights: There is some drilling activity in the general area, but nothing real close to you actually. The attached map shows all drilling permits in the general area issued in the past 365 days. As you can see, you are not in the heart of the current permitting activity....

Oil/Gas: survey property to see if gas or oil is under ground, scope of work, seismic data
scope of work, seismic data, geologist: This will depend on the scope of work and the availability of the data required for the analysis; I would expect to pay a consultant a day rate anywhere from $750 to $1500 (depending on the experience level of the geologist). If there are wells nearby, and...

Oil/Gas: Top Lease, timbercreek, mineral company
timbercreek, mineral company, mineral rights: If you are near the end of your lease, no one will want to top lease you until it is determined the well being drilled will not be productive. This is because a producing well will extend your current lease indefinitely and would make their top lease worthless...

Oil/Gas: Well Production, oklahoma corporation commission, alfalfa county
oklahoma corporation commission, alfalfa county, daily oklahoman: The OCC is the best place to find free information on production, drilling, permits, etc. and is where all the pay sites get much of their information. There was a permit issued to Sandridge to drill a well there in January. It was spud in February. It...

Oil/Gas: Waiting for royalty, time for issuing divisions orders
time for issuing divisions orders: Oh Mr. Livingston - I am so sorry that you are experiencing this frustration. As a royalty owner, we sit in such a passive position. The governing document is the Oil, Gas and Mineral Lease that you granted covering this property. It prevails over all...

Oil/Gas: Water Wells, crystal city tx, eagle ford
crystal city tx, eagle ford, water wells: The amount of water can vary, but typically it is a large volume; 250,000+ gallons for drilling and another 2-4 million gallons of water for fracturing. To find the market price I would contact a couple of water vendors in the area and ask for a bid...

Oil/Gas: Buy/lease offers on new wells, beckham, oklahoma
beckham, oklahoma, oil: Susan, These companies are in business to make money just like any other business so it s no wonder they want to buy a piece of the action now that they know how good the wells are. Frankly though I m disappointed that the people calling didn t feel it...

Oil/Gas: Calculating royalty payments, spacing, unit
spacing, unit, size: The size of spacing units is decided by the oil and gas regulatory bodies of the states. For Oklahoma that would be the Oklahoma Corporation Commission; for Texas, the Texas Railroad Commission. For deep gas wells 640-acre spacing is common. For oil wells...

Oil/Gas: Canadian Co. OK Lease, leasing activity, gas leasing
leasing activity, gas leasing, leasing tips: They re reasonable, considering there is hardly any leasing activity in that immediate area currently. I d say it s probably the only offer you re going to get right now. You might try to bump it up a little if they ve not done much leasing in the section...

Oil/Gas: Ellis County, OK O&G Rights Question, royalty checks, question question
royalty checks, question question, ellis county: Glad I could help out Kelley. Oil and gas are classified as depleting assets because they are a finite resource and WILL eventually run dry in any area that they are produced from. That s why, at least for now, mineral rights owners and some others with...

Oil/Gas: Family oil and gas interest, canadian counties, mineral owners
canadian counties, mineral owners, thousand acres: In most cases if anyone wants to lease your mineral rights, you will be contacted (perhaps to the point of annoyance if you don t respond.) If you haven t been contacted, and your contact information is readily available in the county records, then it s unlikely...

Oil/Gas: Lease, oklahoma corporation commission, granite wash
oklahoma corporation commission, granite wash, blue dots: Chesapeake has no permit currently for your section, but they are currently drilling a well in Section 9, which is directly SW of your Section 3. If it comes in nicely then it s very likely they ll drill your section before the lease expires. The rig on 9...

Oil/Gas: Lease Offer, fortune 500 company, lease language
fortune 500 company, lease language, gas leasing: If you can get your friend s clause in there I d say go for it. It s unlikely they will accept such language however. You d be more likely to get something similar to the following accepted, and they may even insist on their own version of the clause below:...

Oil/Gas: Mineral Rights Offer, sell, mineral
sell, mineral, rights: While it s true that you can negotiate with a potential buyer to some degree, $4000/acre is not a realistic price to expect here. Frankly, even $2000/acre is a very good offer for this area. I just sold some mineral rights in a nearby township (13N-5W) for...

Oil/Gas: Mineral Rights (Oil / Gas) in North Dakota, watford city nd, mineral owners
watford city nd, mineral owners, drilling unit: Yes, it s probable that if a profit could be made that an oil company would attempt to obtain drilling permits for the minerals underneath the respective cities you own mineral rights under. As a matter of fact, soon an oil company will be drilling underneath...

Oil/Gas: Oil/Gas Lease, keith sanders, mineral interest
keith sanders, mineral interest, timbercreek: It s more common for gas wells to be shut in, but oil wells can also be shut in temporarily for maintenance issues, a rework, installation of pumping equipment etc. Gas wells are more often shut in due to a lack of market for the gas (i.e. no pipeline to...

Oil/Gas: Oil and Gas Lease In Canadian County, cimarex energy, devon energy
cimarex energy, devon energy, gas lease: You re looking at closer to $200/acre now, and with Chesapeake being the only one leasing in this township currently, they won t have much competition either unfortunately. I would still shoot for $250 or $300 though, or if you re just after cash you could...

Oil/Gas: Oil and Gas Lease in Logan County, gas leases, logan county
gas leases, logan county, gas lease: $125/acre and 3/16 has been paid a lot in this township, but if you own more than ten acres or so you should be able to do a little better. If you decide to work with them on the two-year option then yes, I d go for double the original bonus if they choose...

Oil/Gas: oil/gas lease Love County , Okla, leasing activity, love county
leasing activity, love county, gas lease: A lease bonus can be thought of as a thank you for granting us the right to drill and develop your minerals for you payment, and is common when leasing mineral rights. It is a one-time payment paid to the mineral rights owner for agreeing to sign a lease....

Oil/Gas: oil, gas, and pipeline royalties, pipeline royalties
pipeline royalties: Andrew, I believe there is some confusion here. Royalties you are entitled to are produced from a well. A pipeline transports the gas after it has been compressed into a liquified state to market for sales. Your statement referring to the pipeline...

Oil/Gas: Oil and Gas Royalties, beckham county oklahoma, oil and gas royalties
beckham county oklahoma, oil and gas royalties, royalty payment: Yes, the figures you supplied indicate a good well. A very good well actually. With 20 acres at 3/16 royalty, AND assuming production continues at the rates you provided, AND assuming the prices you supplied remain constant, you d get around $18,000 per month...

Oil/Gas: Payne County Ok, payne county ok, target zones
payne county ok, target zones, mineral owners: No drilling yet, but the SE/4 of Section 32 was force-pooled in 2010 for $150/acre and 3/16 royalty; and Marbet LLC received a drilling permit in June of this year to drill a 4150 vertical well there. If your minerals are in the SE/4 you will share in any...

Oil/Gas: Pipeline Right-of-Way, pipeline construction, breach of contract
pipeline construction, breach of contract, risers: You will have to contact a pipeline construction company and ask them for a bid. Once you obtain the bid send it (certified mail) to the person who signed the agreement and ask them to remove or move the risers. If they do not respond have your lawyer send...

Oil/Gas: Pugh clause, vertical, pugh
vertical, pugh, clause: The answer to your first question depends on what TYPE of vertical Pugh clause you are talking about. If you mean simply a depth clause then yes, they could drill however many and however deep they want during the primary term without the clause kicking...

Oil/Gas: Pumping Unit Monthly Electrical Usage, drilling engineer, piston engine
drilling engineer, piston engine, production engineer: Michael, As I am a drilling engineer rather than a production engineer, I have never even thought about this! Many pumping units use a natural gas internal combustion, piston engine that is run by gas from the well being pumped. Those that are in a field...

Oil/Gas: Reversionary rights, determining prior mineral conveyance
determining prior mineral conveyance: Ronald, There appears to be two dates which are important to determine who the current owner of the mineral interest is: a) 21 years from the date on which the deed was executed in 1926; b) the date of last production from the property or on lands pooled...

Oil/Gas: Roger Mills Co., lease and well activity
lease and well activity: Hello Karol, In order to answer your question about well activity in a specific area it would require me to research this. Your question involves specifics about current data which changes daily. You can go to the Oklahoma Oil and Gas Commission site at:...

Oil/Gas: royalty %, tlma, negotiating power
tlma, negotiating power, negotiating skills: The only way to find out is to ask for it and see if they agree to the terms; your negotiating power is based on the size of your land, the location of producing wells nearby and your negotiating skills. You can also find out the going rates by talking...

Oil/Gas: Royalty Payments, collecting royalty revenue due
collecting royalty revenue due: Lonnie, I had previously answered this question but I believe for some reason it did not process through the system for some reason. I apologize if you haven t received a reply. Anytime you communicate with an Operator of a well, you should do so in writing...

Oil/Gas: Shut In Payment, xto energy, bonus payment
xto energy, bonus payment, message states: Unfortunately, you will not be receiving the extension bonus because it appears they drilled a producing well within during the ORIGINAL primary term, and so didn t need to extend the lease. A producing well automatically extends the lease into its secondary...

Oil/Gas: Spacing Unit Questions, apache, unit
apache, unit, spacing: Good to hear from you again, and please accept my apologies for taking a few days to respond this time. I have been traveling a lot this week. Though a 640-acre unit CAN be spread over more than one section, this is not the case with the Smith 1-16H. The...

Oil/Gas: Where do I start?, title, search
title, search, inherited: The best way to determine if these properties are still owned would be to visit the courthouses in the counties where they are located and do a title search using the county clerk s land records. If your father sold any of these, there would be a conveyance...

Oil/Gas: Temporarily Abandoned Well, oklahoma corporation commission, royalty interest
oklahoma corporation commission, royalty interest, beaver county: Wells, especially gas wells, can be temporarily abandoned or shut in due to low gas prices. Other reasons may be maintenance, lack of operating money, lack of a purchaser for the production etc. If it were my well I d call the operator and ask exactly...

Oil/Gas: Well spacing in Ellis County, drilling rig, bopd
drilling rig, bopd, timbercreek: Short answer: Yup, they will. I assume you are referring to the Chesapeake well? FYI that section was force-pooled in October for $2000/acre and 3/16 royalty. I hope you got at least that much for your lease. It s a fairly active area. Mewbourne just completed...

Oil/Gas: 50% interest in mineral rights, mineral owner, mineral owners
mineral owner, mineral owners, landmen: The seller can lease the mineral rights for as long as he owns them, even if the lease ends up continuing past the 25 years (as it likely would if a producing well were drilled during the primary term of the lease.) If a producing well extends his lease past...

Oil/Gas: Commencement of Drilling Definition, commencement, drilling
commencement, drilling, operations: Unless you have a clause in your lease similar to the one below, they do not have to actually begin drilling before your lease expires, they only have to commence operations FOR drilling. Commencement of operations for drilling could be something as...

Oil/Gas: Dewey & Cimarron counties, dry holes, blue dots
dry holes, blue dots, time reader: Not much going on in 18N-19W these days, drilling wise. Most of the current permitting activity is to the south and west of you by about eight miles, though you re not too far out of it. Check out the map I ve attached to see what I mean. The blue dots are...

Oil/Gas: Dewey County, OK Activity, dewey county, timbercreek
dewey county, timbercreek, mineral company: There is a lot of activity in the area. They ll likely get around to drilling your lease before it expires. As of last week there were nine rigs drilling in Dewey County. The closest to you were in Section 2-17N-15W (about five miles east of you); 13-16N-15W...

Oil/Gas: Pugh Clause Vertical, bottom layers, center of the earth
Oil/Gas: Pugh Clause Vertical, bottom layers, center of the earth, technical description

Oil/Gas: Fair mineral lease, kings county california, bonus amounts
kings county california, bonus amounts, gas leasing: I m not that familiar with the leasing bonus amounts in your area, but I can tell you it s probably pretty close to fair considering the activity in the area. I ve attached a map showing the recent permitting activity in your general area. There are a few...

Oil/Gas: How long will my well produce?, mineral acreage, beckham county
mineral acreage, beckham county, reservoir engineer: Hi Glenn, Congratulations on your well. Wanting to know how long one will receive income from a well is the second thing asked. First is How Much! I am not a reservoir engineer so even if I had the data from the test I could not give you a close answer....

Oil/Gas: Multi-unit drilling, horizontal wells
horizontal wells: Michael, The surface location of a horizontal well is denoted as: SHL, while the bottom hole location of a horizontal well is denoted as: BHL. A horizontal well can have the same SHL and BHL, or it can be different. The unit size is not established because...

Oil/Gas: Pittsburg County, OK Lease Offer, pittsburg county oklahoma, market slide
pittsburg county oklahoma, market slide, yr lease: I would insist on at least $500 and 3/16. Frankly I d ask for $700 and 3/16 and if (when) they balk at that, point out to them that there have been several nearby sections that were force-pooled for that amount recently, one of which is directly east of yours...

Oil/Gas: Pugh Clause Vertical, vertical or horizontal pugh clause
vertical or horizontal pugh clause: Deannie: This is what is referred to as a Vertical Pugh Clause which provides that all rights below a producing depth will be released and revert to the lessor at the end of the primary term in lieu of the lease retaining all rights from the surface to...

Oil/Gas: reworking a well, acidize, plug the well
acidize, plug the well: Kelly, Without inside knowledge of the finiancal status of the company, that is hard to answer. A horizontal well is not easily worked over but, in general, they would do a workover to increase production only if, as you have noted, a big producer to...

Oil/Gas: Salt water Disposal wells, non hazardous disposal well, hazardous liquid in non hazardous well
non hazardous disposal well, hazardous liquid in non hazardous well, Control Ticket: Mark, Sorry for the long wait. If a member of this group gets a question they don t feel qualified to answer, they can move the question to a pool. I have been away and have not checked the pool. In Texas, Louisiana and Oklahoma a disposal well cannot...

Oil/Gas: Searching Mineral Rights, matagorda county texas, electronic data base
matagorda county texas, electronic data base, hub web: a href= http://www.texasfile.com/ Texas File /a is one site that contains many of the Matagorda County records online, as well as many other counties in Texas. It s not free, but is reasonable and very easy to use. I think their Matagorda images currently...

Oil/Gas: Can I Sell and Still Keep Royalty?, royalty interest, royalty payments
royalty interest, royalty payments, mineral rights: No, you will not continue to receive royalty payments unless you reserve a royalty interest when selling your mineral rights. You will however be able to keep the bonus (if any) that you got for leasing. Hope this helps you out. Frederick M. Mick Scott...

Oil/Gas: Surface vs Mineral rights and drilling, no, drill
no, drill, clause: The mineral estate is the dominant estate, therefore, unless the lease has a no drill clause you are not protected against drilling during the term of the current lease. Even if THIS lease does have a no drill clause on it, once it expires any future lease...

Oil/Gas: Understaning Royalty Clauses, lease provisions for marketing gas
lease provisions for marketing gas: Dee Ann, The language that is used in a standard oil, gas and mineral lease form as to how the royalty owner is paid for the gas or oil product produced is very confusing and is pretty standard in most company form lease forms. There are a couple of very...

Oil/Gas: Washita County Gas Lease Offer, washita county, chesapeake energy
washita county, chesapeake energy, acquisition costs: That permit is for a different drilling and spacing unit than your minerals are in, so no, you will not have anything to do with this well as the bottom hole will not be in your section. Hope this helps you out. Frederick M. Mick Scott CMM RPL Timbercreek...

Oil/Gas: Activity In Caddo County, Oklahoma, caddo county oklahoma, continental resources
caddo county oklahoma, continental resources, timbercreek: No drilling permits or recent completions in or near your Section 2, however Continental Resources has bought quite a few leases in that section this year which would indicate the section may be drilled before these leases expire. I would assume that s why...

Oil/Gas: Beaver County, longitude data, latitude longitude
longitude data, latitude longitude, snails pace: I always tell people that when they receive an unsolicited offer to buy their minerals out of the blue there is usually something going on in the area that has attracted the interest of the potential buyer. I have found this to be true in most cases and your...

Oil/Gas: So close yet so far. Economy scuttled lease agreement, gas developer, devon energy
gas developer, devon energy, mountain basin: Nothing really happening in Park County these days, you are correct. I would just wait until they, or someone else, contacts you about a lease or sale of your mineral rights. At that point you ll know something is going on in your area. Until then, not much...

Oil/Gas: Division Order Questions, customer service rep, acre unit
customer service rep, acre unit, gas meter: Trust me, I feel your pain ha ha! I ve got a well I m waiting on results for also and even though I know it s producing the only way to find out exactly how much (gas) it s producing is to go out to the site and read the gas meter. I could guess the oil production...

Oil/Gas: Drilling activity in Ellis Co, OK, oklahoma corporation commission, auction prices
oklahoma corporation commission, auction prices, drilling activity: I can t predict when they will drill, though I m sure the lessee has some sort of drilling schedule in mind. Whether they ll share that with you or not is a different story, but many will at least tell you if you are on the current schedule if you are one...

Oil/Gas: FORCED POOLING HEARING, mineral owners, timbercreek
mineral owners, timbercreek, mineral company: If the judge and attorney for the applicant don t mind, I m sure you could be heard, though I don t think they are obligated to let you speak since you already leased. You d have to call the attorney on the pooling order and/or the judge on duty at the Corporate...

Oil/Gas: Integrated section, fayettville shale, timbercreek
fayettville shale, timbercreek, mineral company: More often than not if a company force-integrates they do end up drilling. It may be that they simply don t have a rig available right now, or it could be that since they have six months left they are waiting for another nearby well to be drilled so they can...

Oil/Gas: Lease Offer - Pottawatomie County, pottawatomie county, dj resources
pottawatomie county, dj resources, west star: $75/acre is about the going rate in this area, in fact it s a bit higher than average in my opinion. Activity is not increasing per say, but there is certainly leasing activity in your area currently, especially to the east. If they really want the two-year...

Oil/Gas: lease question, oklahoma corporation commission, relative name
oklahoma corporation commission, relative name, occeweb: To find out if it s been leased, you can check the records at the county clerk s office in the county where the minerals are located. All leases should be filed there. To find out if the mineral rights have been produced you can check out the Oklahoma...

Oil/Gas: lease and/or sale value of OK mineral rights, seeking mineral value
seeking mineral value: In order for me to provide you with a value for your minerals, it would be necessary for me to research the specific area to determine the well activity, past and present, and the leasing activity. I would then review several marketing databases I have access...

Oil/Gas: lost oil and gas lease, determining interest in old wells
determining interest in old wells: Richard, I m glad you asked me to help. Yes, I do believe I can help you determine what happened to these interests and if you are owed any money. If the wells produced after your father s death, then the proceeds may have been placed in suspense. Then,...

Oil/Gas: mineral lease bonus and royalty, morehouse parish, mineral lease
morehouse parish, mineral lease, timbercreek: Devon has a permit to drill a well in 31-22N-5E, but that s the only one in the area I see. Not much activity near you actually. I would guess that your neighbors are in a different spacing unit and that s why you haven t been contacted. If they drill a well...

Oil/Gas: OFFER TO BUY MINERAL RIGHTS, caddo county oklahoma, timbercreek
caddo county oklahoma, timbercreek, mineral company: Continental is doing a lot of leasing in Section 2 this year. Not sure what they re going for but I d guess a few hundred per acre. Nothing going on in Section 2 except leasing right now. There is no well in Section 2 currently, though several of the surrounding...

Oil/Gas: oil leas vs production, timbercreek, mineral company
timbercreek, mineral company, mineral rights: A decimal interest of 0.01757813 indicates to me that you own 60 acres of mineral rights in their (probably) 640-acre spacing unit. If you agree with the 60-acre figure then go ahead and sign the division order and send it back. If not, call and tell them...

Oil/Gas: Oil lease in Lincoln County, OK, lincoln county oklahoma, acre track
lincoln county oklahoma, acre track, least three times: Most of the activity nearby is to the north of you so in my opinion $125/acre (assuming 3/16 royalty) is not a bad offer as long as the lease is for no more than three years. I noticed that United Land Company bought some leases nearby in late 2010. You...

Oil/Gas: Ownwership of Well Bore, company desires, gas lease
company desires, gas lease, surface owner: The answer below is actually from the guy who asked me the above question in the first place. He was learnin me I guess, so I m replacing my original answer with the answer he provided to me along with his rating of my knowledge (ouch!) In truth, his is...

Oil/Gas: Recent offer on mineral rights, mineral offers
mineral offers: Hello Mr. Lowe: I hope this reply is timely. Today there are many people who are professional mineral/royalty buyers. Some base their offer on a multiple of current monthly income while others base their offers on future revenue discounted at today s present...

Oil/Gas: Roger Mills (Marmaton Formation), oklahoma corporation commission, yellow wolf
oklahoma corporation commission, yellow wolf, timbercreek: There is a lot of activity in that township from Laredo currently, which indicates a well will probably be drilled in your section, though as of yet there is no permit. Whether it will be a good well or not there is no way to tell for sure. The only well...

Oil/Gas: Value of Mineral rights, royalty mineral, roger mills county oklahoma
royalty mineral, roger mills county oklahoma, duty lubricants: Sorry, I don t do leases, property claims, legal issues, or royalty questions. Just those issues listed below. Regarding: Heavy Duty Lubricants(HDMO), Passenger Car Lubricants(PCMO), Hydraulics, Greases, Gear OIls. Applications, Substitution, Constituants,...

Oil/Gas: No Bonus Offered on Oil and Gas lease, pottawatomie county oklahoma, west star
pottawatomie county oklahoma, west star, gas lease: It s not typical. I wouldn t lease for no bonus here, especially with 80 acres. It s probably some guy hoping to flip your lease to some other buyer (who will give him your bonus!) once he gets your signature. Whoever you lease to, I d ask for at least a $100/acre...

Oil/Gas: Coal county Oklahoma oil lease, coal county oklahoma, oklahoma corporation commission
coal county oklahoma, oklahoma corporation commission, well completions: Negotiating the lease terms in an oil and gas lease is much like negotiating any other contract. Most, if not every part of an oil and gas lease is negotiable. Your ability to effectively negotiate provisions such as length of primary term, bonus and other...

Oil/Gas: Fair lease per acre amount.., roger mills county oklahoma, royalty interest
roger mills county oklahoma, royalty interest, question pool: For the record, I don t deal with the leasing side of the O & G industry.  With that in mind, the offer does sound high.  See if you can find which other neighboring lands the company is trying to lease. If you are one of the larger/focal players that could...

Oil/Gas: Jackson County, jackson county oklahoma, barnett shale
jackson county oklahoma, barnett shale, leasing activity: Attached is a a href= http://www.drillinginfo.com Drilling Info /a map showing the leasing activity in Jackson County over the past 12 months. Most of the activity appears to be south of you, but not by much. GLB and Panther Energy seem to be doing most...

Oil/Gas: Kingfisher County Leases, oklahoma corporation commission, kingfisher county
oklahoma corporation commission, kingfisher county, well completions: What the State gets is not necessarily what you should expect. They have more bargaining power for one thing. Negotiating the lease terms in an oil and gas lease is much like negotiating any other contract. Most, if not every part of an oil and gas lease...

Oil/Gas: Lease, payne county, 22222
payne county, 22222, cmm: Each owner can lease on their own without the others if they wish, though by joining together you might be able to negotiate a better deal. If the area has a lot of production you might actually be better off leasing at 1/4 and no bonus rather than 3/16 and...

Oil/Gas: Lease Assignment, land stewardship, prolific production
land stewardship, prolific production, mineral owners: Negotiating the lease terms in an oil and gas lease is much like negotiating any other contract. Most, if not every part of an oil and gas lease is negotiable. Your ability to effectively negotiate provisions such as length of primary term, bonus and other...

Oil/Gas: lease offer on small property in Greeley, CO, fair lease offer in Colorado
fair lease offer in Colorado: Cathy, I hope that some of the questions I have answered for others have been helpful to you. I m glad that you have seen that I try to help as many people as I can in regard to their questions about oil and gas interests. It is such a complicated matter....

Oil/Gas: leasing, texas railroad commission, royalty payments
texas railroad commission, royalty payments, timbercreek: If it s already producing, then they ve probably just left you out of the unit because they couldn t reach an agreement with you. You won t get any royalty payments unless your mineral rights are part of their drilling and spacing unit. You could check the...

Oil/Gas: leasing 140 acres in Dimmit Co Texas, lease offers in Dimmit County, TX
lease offers in Dimmit County, TX: Linda, I have been active in Dimmit County, Texas and do in fact own 20 mineral acres there myself. If you would like for me to seek some lease offers for you, I do have the contacts in this area. You can contact me at lfitzgerald@iliosresources.com for...

Oil/Gas: leasing minerals, crowley county colorado, bonus money
crowley county colorado, bonus money, gas lease: You can ask the lessee, or your attorney, to explain what all the terms they offered you mean if you don t understand them. I m not familiar enough with that area to tell if you if $25/acre is fair or not for a bonus, but I would shoot for 3/16 royalty instead...

Oil/Gas: Limited term Royalty Conveyance, wilkinson county mississippi, amite co
wilkinson county mississippi, amite co, wilkinson co: Susan, a royalty conveyance with a term of five years means that you are granting to the buyer any rights to royalty PAYMENTS you might get within a five-year period. You would not be selling the minerals themselves, but only the royalty payments you might...

Oil/Gas: mineral interests, carter county oklahoma, suspense account
carter county oklahoma, suspense account, due money: If you are due money, but cannot be located for some reason, the company will put it into a suspense account until they can determine who it goes to. Once they do pay you, there will be interest due on the amount held as well, at either 6% or 12% per year...

Oil/Gas: mineral lease, mineral deed, deceased father
mineral deed, deceased father, offer letter: Yes, the two sections are adjoining, and it s possible your dad owned in both even though you have only found a deed for one. The other deed would be filed somewhere in the county clerk s office of Ofuskee County if he owns it. I d call HL Gaston s landman...

Oil/Gas: mineral rights, carter county oklahoma, xto energy
carter county oklahoma, xto energy, correct percentages: There s a producing well in 15 (the Berwyn) so if you own 15 acres in that section you should be getting checks. I d ask them (XTO) WHY they think you re not included for royalties in that well. After a well is drilled and completed, it can take up to...

Oil/Gas: Mineral Rights, OLA, owner level adjustment
OLA, owner level adjustment, recorded conveyance: While I am not familiar with JEJs or may know them as something else, I will address what seem to be the key issues at hand. If the seller retained the mineral rights in that 1960 deed and no subsequent conveyances transferred those mineral rights then...

Oil/Gas: Mineral rights in Le Flore County, OK, le flore county, oklahoma corporation commission
le flore county, oklahoma corporation commission, least five years: 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 in Montana, hill county montana, mankato mn
hill county montana, mankato mn, garner iowa: CSG Partners has been buying leases in the are for about $10/acre recently for leases from the State. Not a very big bonus is it? You might contact them though. I m not sure if there are any other companies leasing in this area, but you could check with the...

Oil/Gas: net vs. gross, woodford shale, oil leases
woodford shale, oil leases, gross proceeds: Net proceeds means your royalty will be based on the sale price AFTER deducting for expenses such as dehydration, compression etc. Best to either include a no deductions clause, or ask for a gross proceeds lease that doesn t have the less a proportionate...

Oil/Gas: Oil & gas lease, Record title, decent and distribution
Record title, decent and distribution, Texas rail road commission: In order to check on the status of lease ownership you should probably contact and/or go to the Wood County Clerk s office.  PO BOX 938 County Courthouse Quitman, TX 75783-0938 Phone: (903)763-2716 www.co.wood.tx.us   They should have copies of all...

Oil/Gas: Oil in Orange County New York?, orange county new york, ny gov
orange county new york, ny gov, seismic waves: Seismic data is collected when sound waves are sent into the earth and the time it takes for them to travel back to the surface is measured by geophones. There are many companies that perform seismic services and there are also companies that resell only...

Oil/Gas: all or any part of the leasehold - whether owned by lessee or others, carroll county ohio, drilling unit
carroll county ohio, drilling unit, four wells: If the acres they are wanting to lease are not held by production, then the pooling clause in your 1960 lease likely doesn t affect these acres as those rights are not included in the currently producing unit. Not sure if Ohio has a statutory Pugh clause or...

Oil/Gas: Pugh Clause/No Deductions, oklahoma corporation commission, favorable lease
oklahoma corporation commission, favorable lease, gas lease: The versions you supplied will protect as well as any really, though you might want to see if they ll agree to add language stating the deductions clause applies to affiliates of the lessee as well in the event they sell to an affiliate. Hope this helps...

Oil/Gas: Purchasing of mineral rights, mineral deed, tax consequences
mineral deed, tax consequences, claim deed: Your mother-in-law can of course will her minerals to anyone she likes, so no need to worry about her son s heir really. She could will them to you for that matter. If she really wants to sell them to you now though, she could just use a quit-claim deed...

Oil/Gas: renewal of oil and gas mineral lease, leasing company, acre plots
leasing company, acre plots, mineral lease: The company can lease from one owner, but as I mentioned in my previous answer, if they actually plan to drill a well here it s likely the rest of you will be contacted to lease as well. If you refused to lease they might go around all of you and not include...

Oil/Gas: royalties, oklahoma corporation commission, acre unit
oklahoma corporation commission, acre unit, xto: You will receive royalties from any well whose unit spacing includes your minerals. A horizontal well around here usually includes the entire section so likely all your minerals in the section would be included. Sometimes they use half of one section and...

Oil/Gas: Swabbing, wellbore, safety requirements
wellbore, safety requirements, nitrogen: Any time you are dealing with a high concentration of H2S the situation is dangerous. Everyone on the location has to be trained in H2S safety and there are many safety requirements which must be met. Swabbing the well involves the use of a swabbing rig...

Oil/Gas: TERMINOLOGY, mckenzie county, oil and gas commission
mckenzie county, oil and gas commission, case companies: Hi Deloris, I am not 100% sure of this, N.D. may be referring to something else such as the number of truck runs used to haul crude or waste, but I don t really think that is the case. Companies need to measure the amount of product that is sent down...

Oil/Gas: Viscosity, friction loss, aromatic compounds
friction loss, aromatic compounds, pipe length: Moideen Viscosity Section 9 http://www2.mpsi20.org/msds/gasoline.pdf When you say 󃹥2B����e you referring to 󁠣omplex combination of hydrocarbons obtained by treating a petroleum stock with hydrogen. It consists...

Oil/Gas: White City, Wilbarger County , Texas, wilbarger county texas, texas railroad commission
wilbarger county texas, texas railroad commission, leasing tips: The a href= http://www.rrc.state.tx.us/data/online/index.php Texas Railroad Commission /a has a wealth of well information available online concerning oil and gas activity. You can look up such things as drilling permits, production information and completion...

Oil/Gas: adverse prosession on mineral rights, adverse possession, surface owner
adverse possession, surface owner, surface rights: The only way to own minerals through adverse possession is to drill and extract the minerals for a period of 5 years. If you wish and desire to read a case on adverse possession of minerals feel free to send a follow-up question. There could be and probably...

Oil/Gas: Anderson County Texas Survey A-157, texas railroad commission, anderson county texas
texas railroad commission, anderson county texas, anderson county tx: The a href= http://www.rrc.state.tx.us/data/online/index.php Texas Railroad Commission /a has a wealth of well information available online concerning oil and gas activity. You can look up such things as drilling permits, production information and completion...

Oil/Gas: how to calculate revenue, earnheart, equal share
earnheart, equal share, mineral rights: Unless something is in the ownership, such as a will, which would change the normal formula your first example is correct. Each child of the owner gets an equal share and then that heir, when they die, vests ownership in equal shares to their children. ...

Oil/Gas: Calculation for net mineral acres, mineral acres, haynesville
mineral acres, haynesville, shale: Ms. Skillern, The calculation of bonus should be limited to only two figures. Your net mineral acres that you own. Do not consider anything related to the unit or the size of pooled tracts. Therefore, if you own 1/294 under 74 acres total at $1,500...

Oil/Gas: cleaning salt water, completion fluids
completion fluids: Hi Josh, I m sorry there was some delay in answering, my wife really felt that she deserved my un-divided attention for her birthday, I realize you have an urgent problem. What you have going on is insufficient retention time for the silt to settle. Recall...

Oil/Gas: What company has our gas/mineral lease?, current leaseholder
current leaseholder: Mark, I would recommend that you write a letter to Carrizo, and send it by Certified Mail, Return Receipt Requested, inquiring about royalty revenue due you from the property you leased. I would also make a copy of the lease and include it with your letter....

Oil/Gas: Crude Oil Prices, brent crude oil vs WTI oil
brent crude oil vs WTI oil : Kenneth, Typically, WTI crude from Cushing, OK, holds a higher price than Brent crude. The difference between WTI crude and Bent crude is the quality. WTI is both ligheter and sweeter, containing about 0.24% sufur, which is easier to refind the crude...

Oil/Gas: Oil Royalties not being received, initial payment, texas rules
Oil/Gas: Oil Royalties not being received, initial payment, texas rules

Oil/Gas: You get a fast answer..., salt water disposal, pipeline installation
salt water disposal, pipeline installation, drilling rig: You are correct. If the charity owns 50% of the mineral estate and the executor of the estate executed a lease of the charity s mineral estate on behalf of the charity (prior to distribution) then the entire bonus and all subsequent revenue should go to the...

Oil/Gas: How to find info on well production, oklahoma corporation commission, royalty checks
oklahoma corporation commission, royalty checks, gas database: 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 their oil and...

Oil/Gas: finding land from which oil rights were given, harris county texas, meadowbrook farms
harris county texas, meadowbrook farms, film code: There isn t anything in that information that would assist me in locating the property. My suggestion is to make a trip to the Harris County Courthouse Clerk s Office and take what you have and ask them to assist you in locating the described property or...

Oil/Gas: no inheritance passed down, childrens names, mineral rights
childrens names, mineral rights, decedent: An attorney should review it because the words that are used and the context in which the document is written must all be taken into consideration. A will is a document that is telling the rest of the world the wishes of the departed. These are, by nature,...

Oil/Gas: Land Owner and Leasing Interest, surface owner, surface rights
surface owner, surface rights, best bet: The surface rights owner can be identified by contacting the taxing authority for Henrietta County. You can find them online and in many cases you can search online for the name and address of the person Henrietta County sends that annual tax notice to. ...

Oil/Gas: Are we being low-balled?, marion county west virginia, inheritance path
marion county west virginia, inheritance path, colorado school of mines: Companies differ, but if you sound knowledgeable while questioning them they will be less likely to stretch the truth in my opinion. Most landmen are contracted with land companies or work for oil companies so they are sometimes under pressure from their...

Oil/Gas: mineral lease, royalty checks, royalty payments
royalty checks, royalty payments, bonus check: The check you received was apparently the lease bonus check, which is basically their way of saying thank you for leasing to us. When you leased, you gave them the exclusive right, but not the obligation, to drill a well within the primary term of the...

Oil/Gas: Mineral lease, royalty checks, mineral lease
royalty checks, mineral lease, workmanlike manner: If they increase the production on the original well, prior to lease expiration, so that it s considered to be producing in paying quantities (i.e. enough is produced to cover their lifting costs) then the lease will be extended for as long as there is production...

Oil/Gas: The I. & N. Oil, Gas and Mineral Co., mineral co, best bet
mineral co, best bet, carter county: That is an interesting question indeed. I would do a couple different things. First, you should call the Secretary of State office in Oklahoma and inquire there first. You will want to ask them if I. & N. Oil, Gas & Mineral Co. was registered to conduct...

Oil/Gas: obtaining Dad;s mineral property, mineral company, mineral property
mineral company, mineral property, mineral properties: I m not licensed in Arkansas so I can give you roads to travel down - so to speak, and generalities. Unfortunately, you will need to hire an attorney in Arkansas to get this straightened out for you or you could lose your rights. I first say that if there...

Oil/Gas: Oil and gas lease, royalty bonus, protective clauses
royalty bonus, protective clauses, well completions: 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: Oil & Gas Lease, Payne County, OK, devon energy, time dad
devon energy, time dad, mineral owner: A lease can still be signed even after the forced pooling process begins. You can call Devon s attorney and tell them that you have received the paperwork for the forced pooling and would like to lease. Tell them also that you have been contacted and offered...

Oil/Gas: oil and gas lease renewal vs extension, Joint Interest Owner
Joint Interest Owner: Tommy, Your Joint Operating Agreement (JOA) provides for the resolution of a Working Interest Owner should they not pay their share of expenses. Each JOA is specific to the partners - and there is not a standard situation for all. I would recommend that...

Oil/Gas: Oil and Gas Lease in Roger Mills County, roger mills county oklahoma, price of natural gas
roger mills county oklahoma, price of natural gas, drilling reports: Roger Mills County, OK, and western Oklahoma in general, has seen a huge slowdown in activity over just the past few months. My feeling is that this is due mostly to the low price of natural gas. Thought it has come up some in the past month or two, it needs...

Oil/Gas: OIL,GAS AND MINERAL LEASE, lease terms
lease terms: Annette, I believe you should always counter a company s first lease offer. I would recommend that you ask them to pay you $175/net mineral acre, and increase your lease royalty to at least 1/5th for a 3-year term, with an Option to extend the lease an additional...

Oil/Gas: Oil/Gas Production Records, oklahoma corporation commission, royalty owner
oklahoma corporation commission, royalty owner, oil gas production: The purchaser of the oil is required to report the amount of oil they purchase from each lease to the TAX COMMISSION. This should match up to the statement that you receive from the operator. Production numbers for natural gas to the Corporation Commission....

Oil/Gas: oil lease, texas railroad commission, dry holes
texas railroad commission, dry holes, geer: I pulled up that Abstract on the Texas Railroad Commission website and there are no producing wells within 10 miles. There were several dry holes drilled in the area. I m going to try to attach a plat to this response that I took down from the site. Your...

Oil/Gas: Oil Royalties not being received, lease agrement, royalty owner
lease agrement, royalty owner, oil royalties: Section 91.402 does state that there is 60 days after the end of the calendar month in which subsequent oil production is sold . But, you must know when the oil is sold by the operator, which date could be different than the date produced . You should...

Oil/Gas: Ownership of Mineral Rights, fixures, mortage company
fixures, mortage company, mineral rights: When you sell property the general rule is everything goes that is not specifically reserved. So, if you have minerals associated...or a well on the property and you sell the property and the attachments or fixures to the property, then everything goes to...

Oil/Gas: pool, texas railroad commission, oil pool
texas railroad commission, oil pool, search tabs: This is not an easy task. You have to be fully versed in the use of the Texas Railroad Commission website GIS. You have to know the abstract and lease information and then review local wells. Local wells being those wells which are geographically located...

Oil/Gas: producer release of lease below 4000ft, new albany shale, gallatin county illinois
new albany shale, gallatin county illinois, mineral owners: Responsibility is not the right word in this instance. The oil company that is producing the current 40 acres have the rights from the surface of the earth all the way down. They will not release anything from the surface down to the lowest perforation in...

Oil/Gas: Pugh Clause, Pugh Clause
Pugh Clause: Terry, A Pugh Clause is an oil and gas lease provision that is generally included as a special provision when the lease covers lands that cover multiple sections. The Pugh Clause provides that after the primary term of the lease has expired, that all the...

Oil/Gas: real estate vs. oil/gas vs. probate, burleson county texas, probate attorney
burleson county texas, probate attorney, landman: This isn t just one case. The case is first a determination of the status of the Estate, who the heirs are; and then the status and disposition of the past and future royalties. Since it is very likely that the case will be litigated or arbitrated,...

Oil/Gas: royalty payments, royalty checks, royalty payments
royalty checks, royalty payments, lease states: Most states have statutes requiring companies to begin paying within six months of first production. Most states also require some sort of penalty interest to be paid on any sums deemed late as per statute (in Oklahoma it s as high as 12%) Your lease...

Oil/Gas: Selling mineral rights deed/royalty interest, royalty interest, san saba
royalty interest, san saba, draft check: Basically, the short answer is to let someone such as myself market your mineral rights for you as I probably have more experience dealing with potential buyers than most private mineral owners. Most mineral owners don t have much experience dealing with mineral...

Oil/Gas: Stephens Co. OK lease, stephens county oklahoma, stephens co
stephens county oklahoma, stephens co, renewal option: I d jump all over $750/acre and 3/16 in this area if it were me, even with the renewal (though I would try to get them to do it without the renewal option.) To answer your other question, a higher royalty and little or no bonus is good in cases where you...

Oil/Gas: Value of Water in Lease Negotiatioms, lease negotiations, mineral owners
lease negotiations, mineral owners, water formation: I generally see the agreement for water being that they drill and equip the well for you and pay you a flat fee for the water used in the completion of the well. I have seen a $5,000 to $10,000 payment made for the use of the water. Make sure the agreement...

Oil/Gas: Working Interest Valuations, valuation method, back of the napkin
valuation method, back of the napkin, 22 years: Yes, I use a formula which is as follows: For oil - $50,000 per bbl/per day of production. If I own 1% of the well and it produces 1 bbl per day. $50,000* 1% = sales price of $500 for that interest. You d just have to plug your numbers into that. ...

Oil/Gas: 50% Surface and Executive Rights, gas lease, surface rights
gas lease, surface rights, mineral rights: If they conveyed 50% of their executive rights in the mineral rights to you as part of the deal, then that would give you the ability to negotiate an oil and gas lease on 50% of the mineral rights, but would not entitle you to any royalty. In other words,...

Oil/Gas: Additional Indemnity Clause inserted into DO over and above standard indemnity language of TX Model Form Division Order, indemnity clause, texas model
indemnity clause, texas model, lease form: If I received the division order and it had this statement in there and I was uncomfortable with the insertion I would cross through that section with one or two lines and initial the change, sign the division order and send it back in. This would either...

Oil/Gas: affidavit of heirship, affidavit of heirship, mineral rights
affidavit of heirship, mineral rights, court house: An affidavit of heirship is used on a regular basis for understanding the passing of ownership from one to another. It is not as definite as probating but it is acceptable. You will want to have two people execute the affidavit that do not stand to inherit...

Oil/Gas: Is affidavit valid for more than one property?, affidavit of heirship, mineral interests
affidavit of heirship, mineral interests, final decree: As you likely know, an affidavit in itself will not transfer or verify ownership in minerals in Oklahoma, though oil companies will often lease based on just an affidavit if no probate has been done. Most buyers will not buy unless an estate has actually been...

Oil/Gas: Chesapeake Subordination, answer scenario, mortgage document
answer scenario, mortgage document, gas lease: This isn t necessarily a cut and dried question and answer scenario. If the original mortgage was fully released when you refinanced then the lease will not need to be subordinated. On the other hand, if the mortgage was refinanced with the same lender then...

Oil/Gas: Family Member Claiming Mineral Rights as their own, oklahoma corporation commission, false affidavit
oklahoma corporation commission, false affidavit, royalty checks: It s likely that you will need to have a judicial determination done (i.e. a probate or quiet title suit) to determine who legally has ownership of these minerals in the event there is a dispute (which apparently there is.) As far as the oil company is concerned,...

Oil/Gas: find gas prouduction report, oklahoma oil, gas wells
oklahoma oil, gas wells, section 17: Mr. OKeefe, You should check with the Oklahoma Oil & Gas Commission website at: http://www.occeweb.com to find out who the Operator(s) is for this Section, Township and Range. Once you determine the Operator(s), then you should write a letter to the...

Oil/Gas: Future of Oil, peak oil, run out of oil
peak oil, run out of oil, fund alternative energy: Geoff, Here it goes, up on my soap box ;=) There have been many of these dooms day predictions. A decade or two or so ago was “The Crash of ‘90” (I think) when the Shah of Iran fell and Middle Eastern upset would cause us to dry up. Then there was the...

Oil/Gas: Future of Oil, infancy stage, hollywood money
infancy stage, hollywood money, george soros: When oil and gas production began just over 100 years ago, all the associated technology was in its infancy stage. As we progress in our use, our technology has kept up in many ways. To that end, the old oil wells from the 1930-1950 s only produced about...

Oil/Gas: heirship document, affidavit of heirship, mineral estate
affidavit of heirship, mineral estate, oil lease: The only one who would benefit from proving that you have an interest in a mineral estate is you. If you are the one to benefit then you are probably the best one to oversee that the process is completed in a legal and timely fashion. But, your question...

Oil/Gas: historical mineral right value and current possible production, lump sum payment, long term capital gains
lump sum payment, long term capital gains, royalty payments: By selling them you will receive a lump-sum payment, but of course will give up any possibility to receive royalty payments in the future, or additional lease payments if they are leased again. Note also that royalty and bonus payments are taxed as regular...

Oil/Gas: Land is leased and wells all around..., royalty checks, leasing company
royalty checks, leasing company, negotiating power: In most cases it s better to let the companies contact you rather than you contacting them. If you contact them I believe your negotiating power may be diminished somewhat. As long as you realize that however, then of course it s acceptable to contact potential...

Oil/Gas: Landman question, oil gas industry, land man
oil gas industry, land man, related college: A couple of ways to get started. 1. You could apply for an internship position within an oil company s land department. Likely would be an unpaid position however, and many require you be taking related college courses at the same time. 2. Try to...

Oil/Gas: Lea County NM mineral rights ownership, mineral rights ownership, mineral estate
mineral rights ownership, mineral estate, emnrd: To determine who else might have ownership of the other 1/2 interest in the mineral estate you will need to have a title check conducted at the courthouse. The landman, abstractor, or attorney will review the ownership documents recorded in Lea County,...

Oil/Gas: Lease offer in Love County, OK, love county, company leasing
love county, company leasing, gas lease: Price isn t bad, but I wouldn t go for the 5-year term. I d tell them same price but for 3 years. You ve got multiple sections they want so I think that s probably doable as there is more than one company leasing in this area currently. Red River Royalty,...

Oil/Gas: Lease Offer Pottawatomie County, OK, pottawatomie county oklahoma, sight draft
pottawatomie county oklahoma, sight draft, lease terms: $75 may be the going rate, but I ve seen $100 in that same township recently so I d shoot for that and good lease terms. As for the draft, 15 days is shorter than many, which is good, but it also probably gives them the ability to wiggle out of paying you...

Oil/Gas: Leasing Minerals When You Do Not Own The Surface, mineral acres, surface owner
mineral acres, surface owner, acre tract: Surface owners who do not own the minerals do not receive any bonus. The only person to receive bonus consideration is the mineral owners. You will receive a bonus offer in dollars per mineral acre. If you have a 100 acre tract and you own 50% then you...

Oil/Gas: Letter of Intent, binding powers, disposal wells
binding powers, disposal wells, due diligence: A letter of intent is only as secure as the specific language contained within the document s four corners. You may be successful in finding a preprinted document that satisfies your concerns but it is more likely that any existing document will not also...

Oil/Gas: Mineral Lease, market value of lease offers
market value of lease offers: Gary, As you can probably imagine, I am unable to monitor all lease activity in the various plays in the U.S. to be able to provide you with my opinion of whether you have received a fair offer or not. The only way I can do this is to be engaged by you...

Oil/Gas: Mineral Rights, washita county oklahoma, oklahoma corporation commission
washita county oklahoma, oklahoma corporation commission, would like more information: $2200 per acre, or $2200 total? $2200 per acre would be a great offer for these I think. However if the total offer was $2200 and you have more than a couple of acres then that would not be a good offer. The buyer should be able to tell you whether the offer...

Oil/Gas: Mineral rights leasing offer, continental land resources, royalty bonus
continental land resources, 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: oil and gas lease, surface damages, surface owner
surface damages, surface owner, oil and gas company: If the previous owner owned any of the mineral rights under the land that was sold, and didn t reserve them in the conveyance of the land to you, then you are now the owner of those minerals and are subject to the lease that was signed. There is no controlling...

Oil/Gas: Oil & Gas Lease, fair lease offer
fair lease offer: Ron, I am not actively working in this area so I am not able to advise whether the offer you have received is a fair offer. I would recommend contacting some of the adjacent landowners in the area and finding out what they have been offered. I would...

Oil/Gas: oil and gas lease, lincoln county oklahoma, title abstractor
lincoln county oklahoma, title abstractor, royalty provision: Reginald, The only way to determine how your mother acquired these mineral interests is for a landman or title abstractor to research the county clerk records in the county where the property is located. If you have a probate lawyer he should include these...

Oil/Gas: Oil and Gas Leases, oklahoma corporation commission, gas leases
oklahoma corporation commission, gas leases, royalty payments: Newfield is fixin to drill the Mason 36-1H well in that section looks like, and since they already have it scheduled, there s no need for them to lease you for three years since they plan on drilling it in less than one. They would argue why pay for three...

Oil/Gas: OK;Caddo Co;19-9N-9W, caddo county, gas prospects
caddo county, gas prospects, company leasing: I have heard of Calvin Energy, but don t know anything about them as an operator really. As to the offer, I d try for $600/acre and 3/16 royalty for three years, no extension. I usually tell companies that want an extension that I ll be happy to lease to them...

Oil/Gas: production history, texas railroad commission, anderson county texas
texas railroad commission, anderson county texas, production history: As far as I can tell by looking at my online sources there has been no production in or including A-306 since 1979, and perhaps earlier. You might also check the The a href= http://www.rrc.state.tx.us/data/online/index.php Texas Railroad Commission /a website,...

Oil/Gas: Purchasing Oil/Mineral Rights, jackson county oklahoma, oklahoma corporation commission
jackson county oklahoma, oklahoma corporation commission, gas database: You are correct sir, that most of the current activity is to the south of you by several miles. $650/acre is probably about right, but you could check the tax stamps on mineral deeds recently filed in the county clerk s office to see what others (if any)...

Oil/Gas: ROW, construction easement, pipeline company
construction easement, pipeline company, surface owners: Roy, The original easement agreement should be read carefully to determine what rights the oil and gas company or owner of the pipeline has after they completed their original construction. If you do not have a copy of the original agreement then you...

Oil/Gas: Royalty offer from Legacy Royalty LLC, oklahoma corporation commission, garvin county
oklahoma corporation commission, garvin county, drilling activity: Legacy Royalty in Oklahoma City are good peeps to deal with in my opinion. I ve never had a problem with them and they ve always been fair in pricing as far as I know. I took a look around here and I think $2000/acre is a pretty good offer really. Not too...

Oil/Gas: Selling Land in Crane County Texas, crane county texas, texas railroad commission
crane county texas, texas railroad commission, information buyers: Andy, Certainly has been a while since we spoke hasn t it? If you are interested in selling feel free to post them on my website a href= myURL The Mineral Hub /a and I ll be happy to see if I can help you value them and find you a reputable buyer for...