HBP by CV well affect on 10 year prescription
I have the opportunity to purchase mineral rights beneath the cotton valley. These minerals are held by production by numerous cotton valley wells. The Seller of the minerals does not currently own the surface land. The Seller is offering to sell me the deep mineral rights. My question is whether or not the current CV wells will hold the deeper rights for longer than 10 years or will the deeper rights revert to the mineral owner of the CV wells after 10 years?
Thanks in advance.
Thanks in advance.
Views: 127
Replies to This Discussion
-
Permalink Reply by Jay Murrell on -
KB:
The mineral owner will need to figure out how to compel the operator to show proof that they have taken some action to perpetuate the lease under its terms.
The burden is on the operator, in the absence of production, to prove that they have maintained the lease by operations.
I suggest a demand letter asking for a release.
JM
-
Permalink Reply by Sweet Tea on
-
Thanks to all for the replies. This gives me a starting point for research.
ST
- ‹ Previous
- 1
- 2
- 3
- 4
- Next ›
Support GoHaynesvilleShale.com
Top Content
Blog Posts
The Lithium Connection to Shale Drilling
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…
ContinuePosted by Keith Mauck (Site Publisher) on November 20, 2024 at 12:40
Not a member? Get our email.
Groups
-
San Augustine, TX
386 members
-
Miller County, Arkansas
27 members
-
Sabine Parish, LA
455 members
-
South Caddo Parish Group
440 members
-
Natchitoches Parish
400 members
-
Bienville Parish, LA
244 members
-
Fayetteville Shale
149 members
-
North Caddo Parish
358 members
-
Central Texas Gas
63 members
-
Cass County, TX
119 members
© 2024 Created by Keith Mauck (Site Publisher).
Powered by
