I sold my land and kept all the mineral rights....however, when the survey was done (for the sale of the property) I ended up owning 5 more acres than I originally thought. I contacted the oil and gas company and told them I owned 5 more acres of mineral rights and they basically said since the lease was already done it could not be changed.....(and there are 4 wells currently producing on the track).
I feel as if I am missing out on money owed to me, I realize 5 acres is not that much, however, it does add up over time...That would make me owning 67 acres of minerals rights.
......It that true that it cannot be changed and I recoup monies that I feel are owed to me? Can anyone out there help me?
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You probably should look at the Unit Designation for the unit in question to see what the actual included acreage was for your tract. That is the acreage used in the calculations for Division Orders... not the acreage (more or less) as stated on your lease (unless that is what is later determined to be the actual size of your tract).
You can find Unit Designations in the county records and they may also be called "Designation of Unit" or "Declaration of Pooled Unit" or something close to one of those... assuming you are in Texas.
Or, you could just ask the operator for a copy.
As far as getting more bonus, good luck. I am sure you have a mother hubbard clause and a after aquired title clause.
As far as royaty, you can make sure this is corrected when a well is drilled. When a well is drilled, contact the operator and make sure thay have a copy of your correct survey.
Shale drilling and lithium extraction are seemingly distinct activities, but there is a growing connection between the two as the world moves towards cleaner energy solutions. While shale drilling primarily targets…
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AboutAs exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More |
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