Replies to This Discussion

Permalink Reply by Skip Peel - Mineral Consultant on January 14, 2016 at 15:11

Hire a professional, landman or O&G attorney, to confirm your ownership.    If the section-township-range mentioned by a GHS member in your previous discussion thread is correct there is a mineral and royalty deed and a quit claim royalty deed recorded in the public record for a person sharing your last name in that same section.

Permalink Reply by CG on January 18, 2016 at 6:15

Call the company that is drilling the well on your land. Ask them if they are interested in taking a lease on your unleased mineral rights. They will more than likely tell you that the title opinion for the property does not show you as owning the minerals. If you do in fact own the minerals, ask them if they would be willing to take a lease from you with no bonus and a 1/4 royalty (realistic lease terms in this environment, but you might prefer to consult with an attorney). Also, ask them to back date the lease to first production, so you are able to receive a royalty for all production from the well to date. I would highly recommend taking the advice of Skip and seek an attorney's opinion. Be prepared to provide the attorney with all of the pertinent information related to your property's record title history. This will save you money in the long run.

Permalink Reply by RONNY on January 22, 2016 at 14:20

If it is Chesapeake drilling the well you can hang it up. Once they are drilling they do not want additional leases, even with no bonus and a 1/5.

Permalink Reply by Leo Schumacher on January 28, 2016 at 7:51

My understanding was that if an oil company was taking your minerals without an agreement they would be required to pay the full vaue of the minerals (ie, 100% royalty) PLUS another 3X that amount as penalty.  It is important to be certain the oil company is taking minerals for which you are entitled.  I encountered a similar  experience in WV

Permalink Reply by Skip Peel - Mineral Consultant on January 28, 2016 at 8:08

Mineral law varies widely by state with Louisiana being particularly different.  Bob doesn't appear willing to provide any detail since he originally posted this thread.  I suspect that he may have looked into the matter further and discovered he was mistaken regarding his assumption of ownership.

Permalink Reply by Tom on February 2, 2016 at 11:33

I have a 1 acre interest in well 241125 in Keithville and I have reci

Permalink Reply by Skip Peel - Mineral Consultant on February 2, 2016 at 12:52

What have you received, Tom?

Permalink Reply by Tom on February 3, 2016 at 6:45

Nothing so far, landsmen went through our subdivision years ago signing people for a $500 sign on and 1/19th royalty.  I have land in Oklahoma and refused to sign for such a small offer. Looking at a way forward to get royalties. Can I proceed as a non consenting partner since the well is paid for at this time?

Permalink Reply by Skip Peel - Mineral Consultant on February 3, 2016 at 9:00

Tom, under Lousiana mineral law you are an Unleased Mineral Interest (UMI), not a Working Interest (WI).  Forget Oklahoma as Louisiana is quite different.  I suggest that you read the following and then ask questions.

http://www.gohaynesvilleshale.com/UMI-Basics

Permalink Reply by Two Dogs, Pirate on February 3, 2016 at 14:32

1/19 royalty?????

Permalink Reply by Skip Peel - Mineral Consultant on February 3, 2016 at 14:45

I believe Tom is thinking of one sixteenth (18.75%). At least that's my guess, TD,P.

Permalink Reply by Two Dogs, Pirate on February 3, 2016 at 15:40

You mean 3/16?

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