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Permalink Reply by Walker on Thursday

https://rrc.texas.gov/resource-center/research/research-queries/

click on link, do a drilling permit search . Select your county from drop menu.  Under survey, change “ begins” to “ contains”, type in Phelps. Click on the drilling permit well name that comes up.  Keep going until drilling permit come up.  At bottom of page click on “plat” .  Look to see if your acreage is in this well.  I found a well named “”olympia fields”.  Also click on P12 for leases pooled to well.   Repeat search on the other survey until you confirm what well is yours.  

Send an email to Pinewave that you want the NADOAA form of Division order (national association of division order analysts) on a different well They sent me a a strange self typed one with some extraneous clauses not required by statute.   If there is a dollar limit for check release , say$100, you can change that to $50 or $25 if you want. 

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Permalink Reply by Skip Peel - Mineral Consultant on Thursday

JR it would help anyone who would consider providing you with an answer to know the county where the survey is located.  East Texas counties are not easily searched.

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Permalink Reply by JR in VA on Thursday

Thanks to both of you.

I later posted in San Augustine County and received some help.  

Appreciate you responding.  

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Permalink Reply by Skip Peel - Mineral Consultant on Thursday

You're welcome, JR.  When seeking location specific information or opinions it is best to post in the group page.

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Permalink Reply by Kenneth Lunsford on Sunday

I'm in a small percentage. Net mineral acre, is it worth keeping or sell it 0.00187800  i'm pulled in a unit  Aethon just release me the info on 11 wells in 1/5 royalty    survey 139  they are drilling new well 695 unit with 22.5 royalty   it 4 wells there  drilling . Should I sell it all i need the money for funeral services.?

Thanks, any help would greatly,  

Surveys 517 105  484 135 are the 11 wells  survey  139 is a new lease 2025 that the whole unit needs to be drill?

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Permalink Reply by Skip Peel - Mineral Consultant on Sunday

Kenneth, your mineral rights are an asset to be managed.  If selling solves a need, do it but make sure you get input on value and don't settle for a first offer.  Try to get a handful of competing offers.  The sale of mineral rights includes a tax advantage.  Royalty income is taxed as regular income while the sale of mineral rights qualifies for federal capital gains tax - 15% or 20% depending on the amount of the sale.  If you have owned the mineral rights for longer than a year, that would be a 15% federal tax on sales that are less than about $500,000.  You can look up the maximum sales price for the difference on line.

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Permalink Reply by Kenneth Lunsford on Sunday

SKIP , Thanks for the advice I really appreciate it. 11 whales I mentioned, thanks gender and pay status, and they were drilled back in 23 or 24. Why is it taking them so long to pay me? And do you think I should sell it or keep them? I know they're not even assertive way. I'm drilling everything that I was told. They have a lot more wells  to drill. They told me there's gonna pull all the natural gas out first, and then they're going to go after all the oil that was underneath there. So should it be priced on them? I watch potentially underneath the ground.

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Permalink Reply by Skip Peel - Mineral Consultant on Sunday

If you are referring to Haynesville Shale wells, the chance there is oil at a deeper depth is slim and none.  If you are not in pay on wells drilled in 23 and 24, you need to find out why and get that straight.  You are unlikely to get any serious offers to buy your mineral rights if you do not have royalty statements proving you are in pay.

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