Replies to This Discussion

Permalink Reply by Bobi Carr ("parker") on September 16, 2009 at 9:03

Lucky for Duke it was a lease and not a sale.

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Permalink Reply by Tracy on September 16, 2009 at 9:07

Went to Benton and looked up her name, got copies of both leases that she had signed. one in 2001 and another in 2006. Chesapeake gave her $100 and 1/6th of royalties

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Permalink Reply by Mac Davis on September 16, 2009 at 9:44

Baron, do you mean that even if the document the lessor signs lists a higher fee, the lease filed says $100? i.e. they don't file a copy of the actual signed document?

Or do they commonly sign a lease that says $100, but provide a check for a higher amount?

Duke, was the process reasonably hassle free? Any hints for the rest of us who need to go do the same thing?

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Permalink Reply by The_Baron on September 16, 2009 at 10:04

As long as the bonus is for more than the amount listed, it is ok. Older leases somtimes say $10.

For example, I lease your 40 acres for $1000/acre. The lease says for $100 and other valuable consideration, but you get a check (or in my case a draft) for $40,000.

Now you have your money, I have my lease, and nobody else knows what I paid.



As to getting records from the courthouse, many including Caddo, Bossier, Desoto have much of their newer rocords on computer. It's fairly simple to find somthing from the last 10 years or so. It gets hard as you go back and the chain of title becomes longer and more complicated. Don't be afraid to ask the clerks for help.

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Permalink Reply by Mac Davis on September 16, 2009 at 10:09

In my case, the paper Dad signed had a higher amount handwritten in plus the $100 in the standard form. Do they file a photocopy of the actual paper signed or just the boilerplate?

I'm assuming you mean the actual paper document doesn't necessarily list the actual bonus paid. Thanks, Baron, that's interesting.

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Permalink Reply by Skip Peel - Mineral Consultant on September 16, 2009 at 10:10

That's standard.

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Permalink Reply by Tracy on September 16, 2009 at 17:48

There was actually a landman in there looking up stuff so it was very easy. Gave him the name of person I bought property from, we typed her name in computer (last name first) and it gave us a list of every legal document that she had - mortgages, leases, tranfers of title, etc in Bossier Parish! We located the stuff on my property, wrote down the document numbers and took them to a clerk and the clerk printed out documents.
When we first got there we asked a clerk and he pulled the stuff up and printed out the first lease that was signed. After paying for the copy, we discovered it was not what we wanted so the clerk that printed out the one we wanted didn't charge us for it.

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