If an O&G lease omitted/forgot a deceased child's children, thus dividing the lease by 5 instead of 6, is that a mistake, or should the deceased child's children receive one share of the division? This parcel of land is one acre.
Father/Mother owned one acre. Five children from marriage. Never divorced.
One child (divorced), dies, leaving four heirs. All heirs of deceased child are grown/married (over 23) and their father is deceased.
Father died owning one mineral acre; divided 1/3 surviving mother, 2/3 children. (didn't know about owning mineral acre until lease was mailed to them with those divisions). Parcel of land was sold to one heir by mother after fathers death, but minerals reserved.
The lease only includes the four surviving children and mother. The deceased child lived/died in Louisiana, and the (4) children from that marriage live in different states, none in Arkansas.
What should they do, some have already signed and received bonus $; no one noticed the omission until now. Two heirs haven't signed yet.
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If they wish to participate they should execute a lease. A lease only includes the person signing it and later their heirs if still in effect. The operator or lessee will provide each heir with a lease individually. If they wish to participate in the royalty revenue, they should sign a lease and get their bonus just as the others have.
Shale drilling and lithium extraction are seemingly distinct activities, but there is a growing connection between the two as the world moves towards cleaner energy solutions. While shale drilling primarily targets…
ContinuePosted by Keith Mauck (Site Publisher) on November 20, 2024 at 12:40
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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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