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Permalink Reply by The_Baron on December 12, 2011 at 10:54

oil and gas.

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Permalink Reply by barneyfife on December 16, 2011 at 5:22

If the usufruct owner died and the naked owners had not signed a lease, then the interest is unleased. You can negotiate a better deal. If there is a producing well, I would start asking for a 50% royalty.

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Permalink Reply by Two Dogs, Pirate on December 16, 2011 at 15:13

They would probably let you go unleased. Any mineral owner can ask for a 50% royalty, how many do you know got that. If the well has produced enought to pay for itself they make a better deal.

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Permalink Reply by P.G. on December 17, 2011 at 7:39

If a lease expired in such a situation...and the well was already paid for..how would that effect the money the now newly unleased owner would receive?

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Permalink Reply by Two Dogs, Pirate on December 17, 2011 at 11:22

It would depend on who the operator is. They would be the same as any other UMI and you know how that goes.

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Permalink Reply by P.G. on December 17, 2011 at 12:14

Bet it would open a can of legal worms...I mean the acreage "was" leased..and then it wasn't...

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