I can answer questions about oil and gas leasing, and give suggestions on negotiating a good oil and gas lease and how to best deal with oil companies or their representatives. I can answer questions about buying and selling oil and gas royalty or 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.
I am a Certified Professional Mineral Manager (CMM) (certified by the National Association of Royalty Owners in Tulsa, OK) and have managed my own oil and gas properties in Oklahoma for over 10 years. I have dealt with many landmen, attorneys, and other oil and gas professionals in the course of doing so. I am also a member of several professional associations and have written articles of interest to royalty owners which have appeared in several industry publications. I have prepared deeds, title work, and done curative for my own minerals; and have acquired a good deal of knowledge on the subject of oil and gas law and landwork in general in the process. I am the owner of Timbercreek Mineral Company, LLC; which was formed as a vehicle to manage family mineral interests, and as a way to facilitate the buying and selling of oil and gas interests for other people.
NARO, NADOA, AAPL
National Association of Royalty Owners "Action Report" (ROAR); NADOA Magazine, Landman Magazine, and several royalty owner association groups newsletters.
NARO, NADOA, AAPL
A gallon of milk is (still) more expensive than a gallon of crude oil.
| User | Date | K | C | T | P | Comments |
|---|---|---|---|---|---|---|
| Ken | 11/08/09 | 10 | 10 | 10 | 10 | Quick. Concise and extremely helpful. Thank you! |
| Ann Fox | 11/06/09 | 10 | 10 | 10 | 10 | Mr. Scott's response to my question was ..... |
| Marilyn | 09/20/09 | 10 | 10 | 10 | 10 | Thank you very much for giving me ..... |
| Jacalyn | 09/13/09 | 10 | 10 | 10 | 10 | Mr. Scott is so helpful and complete ..... |
| john | 09/13/09 | 10 | 10 | 10 | 10 |
Ken, I'd tell them you'll lease for $75 and 1/8, or $50 and 3/16 royalty; both three years with no extension. If they squawk about it too much remind them that Section 17 (immediately SE of your Section
Jerry, there's really not much going on in this county frankly, so $75 is probably pretty good for the area. I'd see if you can get them to take off the two-year extension however. Hope this helps
Ann, if your grandparents owned the minerals at the time of the judgment, and in fact lost all the land save the homestead, then it would be my guess that the minerals under all but the homestead were
KB, if you'd shared with me the legal description of where this well is, I probably could have given you a good estimate of its remaining life based on other wells in the area. However, you can go to the
Reid, there are in fact many companies selling ready-made deed forms online. I searched for "mineral deeds" just now and found several! Legalzoom.com is one site where you can buy a blank mineral deed
Answers by Expert:

©2009 About.com, a part of The New York Times Company. All rights reserved.