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AboutAs exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More |
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Comment Wall (3 comments)
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Bob,
I owned a Title Company. The scenario that I discussed on the main page can happen. I owned 10 acres that I sold and reserved the minerals. I then leased the minerals to Chesapeake. When the hay day of leasing happened some wet behind the ears landman didn't run title properly and leased the new owners (who only owned surface rights). When the well began to produce Chesapeake paid the surface owners. It took a ton of work for me to prove to them that I was the correct owner. The lease that the surface owner's signed gives Chesapeake the right to be reimbursed for the royalties that they paid out. I don't know if Chesapeake will try to collect, but what a mess if they do.
Bob, my advice on buying royalty would be to get an online account with one of the clerk of courts in the parish you would like to buy minerals. Check addresses on leases where there are producing wells. Then start calling the folks. You may get one call out of 50 that may show interest in making a deal.