Three family members listed on one lease. Chesapeake wants to issue 1 check. We want 3 seperate checks.

What do I have to do to change the lease?

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Permalink Reply by P.G. on May 20, 2010 at 5:45
I can imagine those terminology would sound a bit weird to those who's never heard of them before, huh?
Permalink Reply by nrp61 on May 20, 2010 at 6:30
Thank you Baron. The land came from my maternal grandmother's family, owned for over 100 years. When my mother passed away in 2005, my siser, my brother and myself were left equal shares of her land.
Permalink Reply by The_Baron on May 20, 2010 at 7:33
was a formal Judgment of possesion ever filed?
Permalink Reply by Spring Branch,mineral owner on May 20, 2010 at 10:21
If a Judgement of Possession were never filed, it would seem to me that the lease would be in the name of Succession of the mother with someone as Executor, if Letters Testamentary had ever been filed, rather than the in names of the three children. Is this Louisiana or Texas?
Permalink Reply by The_Baron on May 21, 2010 at 3:37
Could be just a affavadit of heirship was filed...
Permalink Reply by nrp61 on May 21, 2010 at 4:28
No, there was no formal Judgment of possesion ever filed. My Mother had a Living Trust, I was the the Executor, that left everything to her three children. The land I'm referencing is there in Keithville, right here smack in the middle of everything.

Chesapeake isn't questioning heirship, they just don't want to issue 3 seperate checks.

Does anyone know a good, fair Title Company there in Kiethville or Shreveport? Chesapeake is saying there are going to issue the royalty check to the first named family member and that person can deal with it, dispersal, taxes and all.
Permalink Reply by The_Baron on May 21, 2010 at 5:01
I would sugest Mosley-Rodgers or United Title.
Permalink Reply by The_Baron on May 21, 2010 at 5:02
or you could leave the land alone, and just execute a mineral deed for each of the three heirs.
Permalink Reply by RAY on May 21, 2010 at 11:45
the O/G co. should separate the payments for TAX purposes.
Permalink Reply by The_Baron on May 24, 2010 at 5:13
without a little curative work, the O/G co is under no obligation to do so.
Permalink Reply by nrp61 on May 25, 2010 at 4:36
Thank you all for your info.

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