Problem Leases!!!!

Greetings!!!!!

My family has 3 leases in Clarion County that are a problem for us. First of all, have any of you come across leases that state just OIL? I assume someone else has the gas! But, have been unable to locate via the tax office and recorder's office any record of who has the gas. Would be great if having the "oil" also gave us the gas.

Another lease is odd in that it specifies "1/2 int. oil and gas". Once again, on my own effort, cannot locate who has the other half.

Lastly, we have a small tract that states "mineral rights" which I believe are coal and not gas and oil.

So, any thoughts about an "oil" only parcel?

I contacted some local attorneys regarding a title search and to my surprise, very expensive $3000+ and the title companies I contacted came in higher. Given the deeds are written as they are, do you think a title search is the way to go.

Lastly, there are a couple of groups formed in Clarion County. We have tentatively partnered with one for two other leases we have. Is anyone aware of other companies interested in Clarion County parcels?

Thanks...........

Views: 402

▶ Reply to This

Replies to This Discussion

3uq96odaochmjPermalink Reply by 3uq96odaochmj on January 17, 2012 at 8:28am

Sounds like you have three separate "deeds", not "leases", and the various rights are severed - meaning that differant parties own differant parts.  Probably the best way is to hire an independant abstractor who can abstract the three properties to determine the oil and gas owenrship of each.  Expect to pay anywhere from $250 to $400 per day, plus expenses, for their services. 

Permalink Reply by William P.Milchak on January 17, 2012 at 9:01am

Thank you!!!! Yes, I always confuse the lease/deed. In speaking with the group I have joined, seems none of the members had deeds themselves that were either gas or oil. Guess we will have to bite the bullet and pay an abstractor. I was only able to go back to the 1960s in my phone conversation with the Recorders office in Clarion.

I'm wondering if someone else has the "gas deed" if legally we could negotiate. This parcel is 180 acres and even having bonus/royalties on 1/2 or 90 acres would be great. This is all new to me and appreciate your taking time to respond.

Good Day!

Permalink Reply by Blindsquirell on January 18, 2012 at 12:34am
First......1/2 int of oil and gas. 1/2 of what?...it may not mean 1/2 of 100%. Secondly......PA law IS NOT all inclusive. Deed has to be specific to oil/gas. Mineral rights mean nothing to who owns OGM Rights. You do not need to run title...that's what a OG Co will do once you sign an OGL. What Twp is the 180 ac in? Several yrs ago a lot of deeper rights were leased...more recently shallow rights were wanted but landowners groups stalled and OG Co pulled out.

RSS

© 2024   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service