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Oil/Gas/Expert Profile

Frederick M. "Mick" Scott

U.S.
On Vacation
returns 02/17/2012
Expertise

I can answer questions about oil and gas leasing, give suggestions on negotiating a good oil and gas lease, and suggest ways on how to best deal with the oil and gas companies or their representatives. I can provide tips and advice for people who are considering buying or selling 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 (NARO) in Tulsa, OK. I am also a Registered Professional Landman (RPL) with the American Association of Professional Landmen (AAPL). I have managed my family's oil and gas properties in Oklahoma for over 10 years and have dealt with many landmen, title analysts, attorneys and other oil and gas professionals in the process. I have written several articles which have appeared in various oil and gas industry magazines and newsletters. I have negotiated and drafted leases, prepared deeds, affidavits, and other legal instruments relating to my own minerals, as well as performed title, legal research, and curative work for same. I have acquired a good deal of knowledge on the subjects of oil and gas law, mineral appraisal, and landwork over the past ten years, and also worked as a professional landman and lease buyer for a time. I've seen the business from "both sides" and therefore feel confident I can help out most of the folks who ask questions in this forum.

Organizations

NARO, NADOA, AAPL

Publications

National Association of Royalty Owners "Action Report" (ROAR); NADOA Magazine, The Mineral Hub , 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 is (still) more expensive than a gallon of crude oil.

Average Ratings

  • Rating N/A
  • ( Expert Not Accept Rating)   
  • Response Time(hr) 32.3
  • Response Time(hr, last 90 days) 45.1
  • Number of Questions Today 0
  • Max Questions to be Asked in a Day 2
  • Total Questions (since joining AllExperts) 1243
  • Volunteer Since 2007-07-01
  • Prestige Points N/A

Recent Answers from Frederick M. "Mick" Scott

2012-02-01 Barrels per day in pecos Texas:

Depends on the well. In most cases, a well will have it's best production during the first and second years, and then decline exponentially from there before finally leveling off to a slower decline rate

2012-02-01 mineral rights question:

There are two producing wells on that section currently. Not great wells, but not bad. Both produce oil and gas. I doubt you could still get $6500/acre for the minerals, but if you can, and are wanting

2012-01-30 mineral interests:

If you are due money, but cannot be located for some reason, the company will put it into a "suspense" account until they can determine who it goes to. Once they do pay you, there will be interest due

2012-01-30 Kingfisher County Leases:

What the State gets is not necessarily what you should expect. They have more bargaining power for one thing.     Negotiating the lease terms in an oil and gas lease is much like negotiating any other

2012-01-29 Purchasing of mineral rights:

Your mother-in-law can of course will her minerals to anyone she likes, so no need to worry about her son's heir really. She could will them to you for that matter.     If she really wants to sell them

 

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