Does anyone have any experience with them?
I live in Wisconsin and on March 2nd I was contacted by one of the company's representatives because they want to drill in the Sardis district of Harrison County, WV and apparently, I own a small portion of the mineral rights of one of the properties.
I received a copy of the proposed lease 2 weeks later and have concerns about it as well as the issue of past due property taxes I may owe. I was told by the county assessor's office to request a copy of the company's certified title to determine the status of the property taxes, but the 'landman' refused saying it is the company's work product. He also told me it was the opinion of the company's attorney that I would only owe property taxes back to the time I found out about my ownership of the mineral rights - I wouldn't have to pay past years. Knowing I am somewhat reluctant, he said if I didn't want to sign the lease, the company could go to court and take ownership.
I received an email last week from the 'landman' w/ an affidavit he wanted me to sign saying my father died w/o a will, etc, etc. I responded that I was only nine years old when my father died and have no direct knowledge of any of those things. I also told him I spoke to the assessor's office again and the person I spoke w/ was surpised PetroEdge wouldn't provide me a copy of the certified title since Dominion and some of the other large companies do that - and that I would owe past taxes if they haven't already been paid. I told him although it may be a small amount, it will most likely be more than the offered signing payment. I also told him I have concerns about the lease, such as why oil & gas are in the same lease, the pooling provision and the many ways the lease can be extended by the company.... I also told him I would like the company to reconsider its offer (signing payment as well as royalty %)... my email to him was last Wednesday and I haven't heard from him. Now I am wondering if the company is going to go to Court to take ownership of my small portion of the mineral rights.
Any insight would be very much appreciated!