Replies to This Discussion

Permalink Reply by Skip Peel - Mineral Consultant on January 12, 2016 at 13:27

Bob, each situation is unique.  Without specific detail no one will be able to give you a reasoned answer.   Your last question may be the most important.  Owning land does not necessarily include owning the minerals.

Permalink Reply by Bob Plants on January 12, 2016 at 13:43

I'm talking about owning mineral rights on 32 acres where there are 5 wells and over 500,000 bbls produced since 2013.

Permalink Reply by Skip Peel - Mineral Consultant on January 12, 2016 at 13:46

Where?  Louisiana or Texas?

Permalink Reply by Skip Peel - Mineral Consultant on January 13, 2016 at 5:34

Bob, the laws regarding ownership of mineral rights can be quite different depending on the state.  Texas is quite different from Louisiana.  If your minerals are in Texas you can give the county and survey for the location.  In Louisiana, the section-township-range.

Permalink Reply by CG on January 13, 2016 at 6:33

It appears he owns in Section 26, T14N-R16W, Desoto Parish, Louisiana, but I didn't run his title so I'm not sure if he only owns the surface, minerals, or neither/both? I would say that if he received money for drilling the well on their property(surface damages), but hasn't received any royalty checks then he more than likely only owns surface rights. **If they drilled a well on your land under an Order in the State of Louisiana, then with no lease in place, you would be entitled to royalties after payout of the well. For Question #1, the answer is $8 Million- $12 Million. Question #2: A typical lease in the Haynesville at present is going for $0 bonus with a 1/4 royalty.

Permalink Reply by Skip Peel - Mineral Consultant on January 13, 2016 at 6:43

Thanks, Charles.  We don't want to get too far ahead of Mr. Plants.  He may or may not care to post his personal information on a public website.  We'll see if he confirms your research and wishes to go any further.  He may prefer to contact an experienced O&G attorney to explore his ownership interest and options.