READ CAREFULLY BEFORE ASKING ME A QUESTION I will try to answer questions about Oil & Gas leases, minerals, royalties, and servitudes, if the questioner has provided a good description of the lands. I require a section, township and range for any land not in Texas. I require a survey name and an abstract number if the lands are in Texas. I will answer questions about offers to lease or purchase mineral interests only if all terms of the offer are in the question, including the term of the Lease or conveyance, the royalty and the amount offered. Failure to provide this information will result in the question being rejected. I have answered more than 3800 questions on this site and get as many as fifty in one day. I do not have the time nor am I inclined to deal with detailed questions requiring an attorney. I am not a substitute for an attorney. If you do not write in a cognizant form, I will reject your question. If you have done real research and have a question I find interesting, I will answer it. If you haven't done any research on your own, I will not do it for you. If you do not rate the first answer, do not send a follow up, because I will reject it.
I have been a Professional Landman for more than thirty five years. I have drilled and operated oil & gas wells in Louisiana and Texas and an familiar with the rules and Regulations of the Texas Railroad Commission and the Louisiana Department of Conservation. I have testified in court as an expert witness.
American Association of Professional Landmen CPL #5303
BA NSU, 1971
I have been fortunate to have spent a lifetime in a business that I loved.
I learn something new every day in the oil & gas business. It's what makes it interesting.
Most of the wells drilled today would not have been economically feasible five years ago.
The oil & gas exploration business today is run by professional managers using conventional business models. There are very few real "wildcatters" left in the business. Oil & gas is hard to find and even harder to produce at a profit.
| User | Date | K | C | P | Comments |
|---|---|---|---|---|---|
| Lynn | 04/01/11 | 10 | 10 | 10 | Thank you so much. What a great ..... |
| chuck | 03/31/11 | 10 | 10 | 10 | Jim, Thanks for your note, I appreciate ..... |
| Kelly | 03/28/11 | 10 | 10 | 10 | |
| Mike | 03/26/11 | 10 | 10 | 10 | |
| lance | 03/25/11 | 10 | 10 | 10 |
Lease your half to expire on 9/13/12 with an option to extend the lease for the balance of the term upon the Lessee paying for a full interest. If you sign a lease with a primary term exceeding the point
It would appear by your question that the landman missed the reservation of one half of the minerals. They probably overpaid the interest they did lease. Companies have a hard time admitting mistakes like
Your NPRI interest is 1/32 of 8/8. The conveyance is very specific "being a one fourth (1/4) of a one-eithth (1/8) royalty". If it had been "one fourth of the royalty" it would be computed from the 25%
The Oklahoma laws governing descent and distribution of intestate estates at the time of your father's death determine the ownership. In order to bring the chain of title current, you should have prepared
There are times when it is not only adviseable but profitable to hire an attorney. Neither I or anyone else could begin to advise you on a situation like the one you describe without doing some due diligence
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