October 2019 Blog Posts (1)
Foreclosure, No bank subrogation, now an unleased mineral owner
Foreclose, Commercial property, no bank subrogation (they didn't sign off on the oil and gas lease). I purchased the minerals from the bank so I am now an unleased mineral owner. At the time of drilling and for a few years after the minerals were under lease executed by the borrower.
So am I, as an unleased mineral owner, responsible for the costs of the well? (aka, do I have to wait for the well to payoff before i start receiving a royalty). Assuming I shouldn't have to pay for…
ContinueAdded by Ron Hance on October 9, 2019 at 7:40 — 3 Comments
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Tuscaloosa Trend Sits On Top Of Poorest Neighbourhood For Decades - Yet No Royalties Ever Paid To The Community -- Why??
In researching the decades-old Tuscaloosa Trend and the immense wealth it has generated for many, I find it deeply troubling that this resource-rich formation runs directly beneath one of the poorest communities in North Baton Rouge—near Southern University, Louisiana—yet neither the university ( that I am aware of) nor local residents appear to have received any compensation for the minerals extracted from their land.
This area has suffered immense environmental degradation…
ContinuePosted by Char on May 29, 2025 at 14:42 — 4 Comments
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