We have been offered a preliminary lease in for mineral rights in Tyler County.
We have done some research and found one Lessor who signed for mineral rights on 100% of the acreage. Yet, the oil company's lease to us is for 25%. How is this possible?
I trust mineral rights are listed on a deed and owe property taxes. To my knowledge, there are no unpaid taxes, so who really owns these rights?
Can someone recommend a couple good attorneys in the area. I am aware of Nuttal and would like to have an alternative.
I am able to travel to Tyler in the near future. I believe I can visit the Tyler County Govt office and do research on the subject property, both for surface and mineral rights. Is this correct?
Are there any local owners' meetings in the near future?
Any persons local to the area that I can communicate with before and during my visit?
I found a couple other names: Cynthia Loomis in Salem WV 304 873-4350 Harrison Co.
Dean Frederick Rohrig (304) 758-2114 in Middlebourne (Tyler County)
I don't know anything about these attorneys except that people have recommended them.
I have been following Nuttall for months. I like what I see in his responses to postings by others.
I am seriously considering a trip back there to check out the area.
Again, I ask: Has anyone seen a lease where all the signing bonus is offset by future royalties?
Yes, Jason. The royalties, as offered, are offset $ for $ until the upfront payment is exhausted.
This is one issue that jumps out at me....but, having done some research, we will definitely have an atty look at it.
The oil companies throw it out there and a large % of the people throw in the towel and sign. The oil companies know this.
You can do a Tax and Document search online here:
Thanks! Fandango. I didn't know they had anything online.
If I have the map and parcel number, can I walk into the Tyler County offices and obtain deeds for the surface owners and mineral rights owner?