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Oil/Gas/Expert Profile

Frederick M. "Mick" Scott

U.S.
On Vacation
returns 06/04/2012
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) 33.4
  • Response Time(hr, last 90 days) 48.9
  • Number of Questions Today 0
  • Max Questions to be Asked in a Day 2
  • Total Questions (since joining AllExperts) 1332
  • Volunteer Since 2007-07-01
  • Prestige Points N/A

Recent Answers from Frederick M. "Mick" Scott

2012-05-20 participation in horizontal well:

Unless your mineral rights are within the drilling and spacing unit of the current well then you will not share in the well. Since you didn't lease it appears they have surrounded you with a well, but

2012-05-18 Fair lease price in Payne Co., Ok:

$125 sounds about average for that area in my opinion. You might get $175 if you're lucky. Negotiating the lease terms in an oil and gas lease is much like negotiating any other contract. Most terms in

2012-05-17 BCF Minerals:

TMS stands for Tuscaloosa Marine Shale, a formation in Mississippi.     Hope this helps you out.   Frederick M. "Mick" Scott CMM RPL  www.mineralhub.com  <a href=" http://www.mineralhub.com/"> The Mineral

2012-05-15 Love County Leasing / XTO:

Forced pooling orders in Oklahoma are often indicative of the average lease bonus that has been paid in the section pooled and/or in the surrounding 8 sections, so yes, based on the pooling bonus the $150/acre

2012-05-14 oil & gas leases:

The leasing companies will generally do a title search before paying you for the lease because they want to make sure they are paying you only for what you own, and the others only for what they own. This

 

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