Replies to This Discussion

Permalink Reply by The_Baron on September 16, 2009 at 5:11

It would appear you are leased. Probally signed by the previous owner.

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Permalink Reply by Mac Davis on September 15, 2009 at 10:06

I haven't done any of this myself, but I read this on the internet, so it MUST be true. 8-) If I'm wrong, someone please provide the correct details.

You can go to the clerk of court at your parish courthouse and find if there are any mineral leases recorded on your property.

Find out as much information as possible about the legal description of your property. For Caddo parish, you can find your property tax info here and get your property description:

http://www.caddoassessor.org/cgi-bin/pub_search.pl

I've heard that the place to check leases is the Clerk of Court, not the Assessor's office.

I notice on mine, the tax assessor's information lists the wrong section because my subdivision spans 2 sections and it's listed based on the other section. Lots of the property stuff goes by township, range, and section, so you'll need that.

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Permalink Reply by Tracy on September 16, 2009 at 7:59

Thank you everybody for the help. I finally e-mailed Chesapeake and they gave the same info. Apparently this Division Order went into effect on 1/24/09. I asked why they waited until 9/9/09 to prepare and send it to me, they are claiming they actually prepared it 3 months before that. Claimed they would have a land man contact me on the lease.
Obviously the previous owner lied to me when she told me she NEVER signed anything on the mineral rights, located a lease that she signed on 7/31/06. I have been told that that lease was transfered to me when I purchased the property, hopefully it also means she is not going to be getting a penny out of the piddly little amount I will be receiving in royalties. (1/6th on 3.66 acres). Also located another lease that she had signed in 2001 with a different company.
BTW I am in Section 30-17N-11W. Property line on the DO states Muslow Oil 30-1. The unit acres is 627.920000
I would like to say thanks again to everybody for their input and help.
DUKE

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Permalink Reply by KAYBABY on September 16, 2009 at 8:01

YOUR'E WELCOME

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Permalink Reply by Bobi Carr ("parker") on September 16, 2009 at 8:08

Duke,

You may be pleasantly surprised at how much you can recieve out of that 1/6th lease (maybe not on this well, but after they drill you a horizonal well).

It's amazing that they didn't reserve the mineral rights.

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Permalink Reply by The_Baron on September 16, 2009 at 8:43

He said he bought the land two years ago. That would have been before the shale boom.

Its also only 3 1/2 acres. Not enough acreage to change how you live too much.

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Permalink Reply by Bobi Carr ("parker") on September 16, 2009 at 8:48

Baron,

His property is in Elm Grove. Even two years ago it was next to impossible to buy property where mineral rights weren't reserved.

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Permalink Reply by The_Baron on September 16, 2009 at 9:02

This area is a little north of the good stuff. Looks like this section is a ton of dry holes and old wells.

It is just 3.5 acres. Most smaller landowners just weren't that sofisticated back then.

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Permalink Reply by The_Baron on September 16, 2009 at 8:48

When you bought the land, you received the minerals. You are held to all leases, easements, right of ways, etc. The lease is binding, but you will receive all benefit of royalties and future rentals if any.

As to why it took so long to get the DO. The effective date is whenm the well started producing, the title opinoin and DO can take a while, especially when many small tracts are involved. I see from my maps that there is only one small subdivision, but the last information that CHK had would have been when they leased the previous owner.

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Permalink Reply by The_Baron on September 16, 2009 at 8:50

Give me her name and i will run it real quick. I am online with Bossier and I can give you the recording info for her lease.

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Permalink Reply by Mac Davis on September 16, 2009 at 8:55

Great to hear it.

How did you find the leases? Clerk of court, search by name, etc.

This also shows that you should never believe anything the property owner tells you. Sometimes they lie, but I've found a lot of people really don't know.

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Permalink Reply by The_Baron on September 16, 2009 at 9:00

She probally had no clue what she was signing.

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