"I realize this question is apparently moot because the deadline for action has passed but someone else might find this of interest. As best I can see, in the original query from Mr Vaughan, he does not know if the O&G rights are in…"
"The Pennsylvania Dormant Oil and Gas Act would not apply here. The original poster here is in Tuscarawas County Ohio. Ohio has a Dormant Minerals Act under ORC 5301.51, 5301.52, and 5301.56which do apply in this situation. The Act you cite…"
"Something to consider for anyone who is worried about spending the money to have a competent attorney do a title examination and filing to vest mineral rights back with the surface owner. All the costs incurred in obtaining an oil & gas lease…"
Finnbear's practical advice is sound, experienced-based. As he notes,
timing, all the fact and the law are crucial.-There are revisions to the
mineral lapse statute.
Hard work may really pay out
I think in this situation Mr Vaughan may be the holder of a reserved mineral interest that he (unknowingly) inherited from his deceased grandfather when his grandfather sold the land many years ago. Mr. Vaughan appears to not have a…"
"legislature enacted the Dormant Oil and Gas Act, The purpose of the Act is to permit the development of oil and gas reserves when all owners of oil or gas interests cannot be located or identified. The Act provides for the creation of a trust for…"
This is nonsense. You may have a reserved mineral interest in the chain of your land title, for example a deed saying .".reserving all coal and other minerals".. That sort of language is common in the coalbearing…"
"I have a solution to your problem. Have him prepare two copies of the instrument to be signed, notarized and recorded. Be sure they are identical. One is for you. One is to be recorded. Sign them at the same time in front of…"
We are a group of 7 cousins who were contacted by a landman regarding mineral rights we were not aware of. Buck claims that the surface owner is about to be granted these mineral rights because of the 'dormant' period. We have been told we have until Friday to make a claim. But he, Buck, will not reveal info about the property until we sign up with him and his partners and give them 1/2 the rights. The only thing we have to go on is a description of '70 acres' which does not match anything in…See More
"If the current landowner is filing an "Affidavit of Abandonment" to reclaim them then the holder has to file a claim of preservation to retain them. The abandonment claim triggers the preservation claim.
You have to look at H in its…"
"The picture gets a bit clearer and muddier at the same time. By "other holdings in the area", do you mean real property or mineral interests? If you are speaking of mineral interests held by you when someone else is the current landowner…"
Things have gotten a little confused here. (My fault).
You are right, I should have used the word preserve in place of reclaim.
The 7 cousins own a certain reservation of mineral rights, but have abandoned them.
The current landowner…"
"You got this wrong. If anything under B-3 HAS occurred, then the interest can't be vested back to you. Paragraph (B) ends with "and NONE of the following applies:". This is stating that any of the items under B-3 (a-f) can NOT…"
What makes this site so great? Well, I think it's the fact that, quite frankly, we all have a lot at stake in this thing they call shale. But beyond that, this site is made up of individuals who have worked hard for that little yard we call home. Or, that farm on which blood, sweat and tears have fallen.[ Read More ]