Energy Industry (Oil & Gas)/Expert Profile


Ask A Question

Frederick M. Scott CMM RPL

U.S.
Available
Expertise

I can answer questions about oil and gas leasing, and give suggestions on negotiating a good oil and gas lease and how to best deal with oil companies or their representatives. I can answer questions about buying and selling oil and gas royalty or mineral rights. I can help with questions concerning forced-pooling, correlative rights, deeds and conveyances, and "post-production" costs. I am most experienced with Oklahoma properties and laws, but am able to answer questions concerning other oil and gas producing states in many cases.

Experience in the area

I am a Certified Professional Mineral Manager (CMM) (certified by the National Association of Royalty Owners in Tulsa, OK) and have managed my own oil and gas properties in Oklahoma for over 10 years. I have dealt with many landmen, attorneys, and other oil and gas professionals in the course of doing so. I am also a member of several professional associations and have written articles of interest to royalty owners which have appeared in several industry publications. I have prepared deeds, title work, and done curative work for my own minerals; and have acquired a good deal of knowledge on the subject of oil and gas law and landwork in general in the process. I am the owner of Timbercreek Mineral Company, LLC; which was formed as a vehicle to better manage family minerals, and as a way to facilitate the buying and selling of oil and gas rights for other people.

Publications

National Association of Royalty Owners "Action Report" (ROAR); NADOA Magazine, Landman Magazine, and several royalty owner association group's newsletters.

Education/Credentials

NARO, NADOA, AAPL

Something interesting about this subject that others may not know:

A gallon of milk (still) costs more than a gallon of oil.

Average Ratings

Recent Reviews from Users

Read More Comments

    K = Knowledgeability    C = Clarity of Response    T = Timeliness    P = Politeness
UserDateKCTPComments
Judy11/23/0910101010Scott went above and beyond to help .....
Andrea11/20/0910101010I want to thank Mr. Scott for .....
Robert11/16/0910101010Thank you so much for your help .....
Marti11/06/0910Thank you Mr. Scott. I think this .....
Ed09/21/0910101010I certainly appreciated the timely response, and .....

Recent Answers from Frederick M. Scott CMM RPL

2009-11-19 oil lease:

Mike, while I'm not "super familiar" with lease bonus amounts in the area where your minerals are, I think that's a low bonus offer, and I'll tell you why. EOG completed a producing well (2008) in Section

2009-11-18 Question on Oil, Gas and Coalbed Methane Lease:

Andrea, likely they will not "rewrite" the lease in "layman's terms" for you. This is not to be "mean" but it's generally just not done. I think the landman who has contacted you about leasing could probably

2009-11-16 Leasing in SE Washita County, OK:

Lawrence, I would think in that area that buyers will have differing opinions as to their worth. Frankly some would pay more than others due to the varied production in that general area. My guess would

2009-11-15 Leasing in SE Washita County, OK:

Lawrence, you didn't give me a legal description, which I would have preferred, but my guess for SE Washita County would be $500 per acre and 3/16 these days. There was a pooling for $1000 per acre in

2009-11-14 Fair Market Value of Mineral Interest:

Robert, I would hire a mineral appraiser if you can find one. Most major oil producing states have at least one mineral appraiser listed in the phone books of their major cities. Alternatively, someone

 

Ask A Question

All Answers

Answers by Expert:


Ask Experts

Volunteer


©2009 About.com, a part of The New York Times Company. All rights reserved.