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 it 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, the royalty and the amount offered. Failure to provide this information will result in the question being rejected. I have answered more than 2300 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. If my time means so little to you that you feel that you cannot take your time to rate an answer, I do not have time to answer another question.
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.
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 | T | P | Comments |
|---|---|---|---|---|---|---|
| Cindy | 11/09/09 | 10 | 10 | 10 | 2 | |
| Malcolm McCall | 08/26/09 | 10 | 10 | 10 | 10 | |
| jacqueline | 06/28/09 | 10 | 10 | 10 | 10 | |
| Buddy | 06/24/09 | 10 | 10 | 10 | 10 | Thanks as always. |
| Doug | 06/24/09 | 10 | 10 | 10 | 10 | thank you for the response |
I suggest you let the geologist represent you for a percentage of your royalty. Something is better than nothing. He is gambling his time and expertise and should get whatever he agrees to as a fee.
I am assuming you are a party to a Joint Operating Agreement for the wells in question. If you are, your remedies are spelled out in the agreement. If you are not, you should retain an attorney to make
If you had read your title policy you would have known before closing that you were buying a house subject to an oil, gas and mineral lease. As is required by the terms of the lease, you must notify the
Send the company a certified letter, demanding payment within thirty days for all royalties due and owing to you. State that there are no title problems of which you are aware and if there are to send
Negotiating leases is like playing poker, if you want a sure thing, take the offer on the table. If you want to take my advice and just hold out for awhile, that's fine too. You can't dribble bits of
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