I will try to answer any question you have. Even if I reject a question, I still will give a shot at what I would do in your position. The only questions I will not take a shot at would be a highly technical engineering or geological question. I am beginning to see quite a few questions from land men and other oil companies and that doesn't matter to me either. I will attempt to help.
I am an oil and gas attorney that has been in the business for more than 20 years. I have held a series 22 and 63 securities license, been in oil and gas operations, land man, division order analyst all prior to obtaining my law degree. Today, I typically write title opinions verifying ownership of oil and gas minerals, assist landowners in negotiations on oil, gas and mineral leases, easements and conveyances. I also assist oil and gas companies with the sale of working interest ownership as well as common business law issues.
State Bar of Texas, Member of the Tarrant County Bar and the Dallas County Bar Associations.
Multiple oil and gas topical columns on ezine.com.
I have a B.S. degree which I rely upon more than my Business Mgmt degree or Law degree...
Husband and father of 26 years
There is no clearinghouse for royalty and bonus amounts. The leasing rates vary as much as the sale of any other commodity such as real estate. A house of a particular size and year will be worth more in Washington D.C. than it will be in the back-wood bayou of Louisiana for factors other than just its size and shape.
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The website for checking production in New Mexico is http://www.emnrd.state.nm.us/ocd/ The answer to the second question: And, how can a company legally drill without checking to see if there are beneficiaries
The mortgage company may be correct depending on the state in which your home is located and your specific mortgage document. In many mortgages there has not traditionally been a clause that captures
This information can be found in the lease form. I very highly doubt that the lease is still in force if you have not received royalty since 2012. Each lease will have a different primary term that
James, I prefer to follow the laws in the jurisdiction where the property is located. The property is in Louisiana and if there is a suit the Louisiana courts will be hearing any dispute. I would
I believe this to be more of a financial question than an oil and gas question. But, I will give you the basis for which borrowers and banks work this problem out. The application to one individual royalty
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