I discovered about 9 months ago that an operator was drilling unit (in Texas) that included a tract in which I have an undivided mineral interest. I brought this to their attention and they said they had a mistake in the title that showed that we were already leased but said they were anxious to get us leased. We began negotiating. They dragged out the process, would not contact me for months at a time. And here we are 9 months later (major lease terms were agreed to months ago) and I finally have them saying they are ready to send me the lease BUT they will not pay any past production on the producing unit. They will only pay from the time the lease is added to the unit.
I don't think there is much leverage to get them to pay back payments considering we are not a drillsite tract. Anyone have any other thoughts? Just irks me that I notified them 9 months ago about THEIR error and now I get penalized for their slow response. I have never had it take 9 months to negotiate a lease.
Tags:
Neeky, Get a Lawyer, get a Lawyer ,if your land is in the unit ,as they permitted and sent in to RRC and have failed to pay you royalty you should have every thing on your side. I would not sign a lease they prepared without your lawyer looking at it, the lease most likely will not be in your favor. Good Luck
is it possible to cut out an Undivided Mineral Interest? What happens if
there are 2 separate mineral owners with 50% Interest each, and one is leased, the
other is overlooked in error. Is it possible to lease some Undivided interest and
not the other under the same tract of land?
Not only possible, but commonplace. The NPRI owners have it even worse.
Best,
Buddy Cotten
Mineral Manager
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