Replies to This Discussion

Permalink Reply by Jack Straw on March 20, 2013 at 6:13pm

Typically, if no reference is made in a deed to a reservation of coal, O&G etc., then they are included; but you need to be sure.

 

Did you have a Title Company search the Title? If so, call them up and ask them to confirm that

all gas oil and mineral rights are still associated with your property.

 

Do you have a copy of the lease?

When was the lease executed?

 

Are there any producing shallow wells associated with the property/lease?

If there are producing shallow wells associated with the property/lease, contact the entity producing the wells.

It is the obligation of the purchaser of a property to inform producers of any change in ownership, otherwise they will continue providing royalties to the previous owner.

 

If currently no wells, when does the term of the existing lease end?

 

You might need to do a bit of digging before anyone can provide you with a meaningful answer.

 

 

All IMHO,

                       JS

 

• ▶ Reply

Permalink Reply by petej on March 26, 2013 at 6:35am

Jack, any difference depending on the State the property is in?

• ▶ Reply

Permalink Reply by Jack Straw on March 26, 2013 at 11:34pm

RE: "any difference depending on the State the property is in?"

Frustratingly, the answer is yes.

Every State has its own set of definitions.

Different States have different definitions as to what actually constitutes a mineral, etc.

 

I sure wish there was more coordination between adjoining States, but I guess consistency is just to much to ask for.

 

And Ohio, leave our darned Groundhog alone, some of us hillbillies depend upon fresh road kill to supplement out diets. Those Groundhogs may be awful greasy; but if you slow smoke that grease out of them they are downright delicious.

The wife has a recipe with a bunch of spices .... she calls it "Groundhog Helper".

 

All IMHO,

                     JS

• ▶ Reply

Permalink Reply by David A Cruise on March 20, 2013 at 6:39pm

I bought a piece of land I had been farming last January and the quit deed stated that mineral rights transfer with the property. Did you speak with the former owner about the mineral rights? If not you might be out of luck. Thata was very important to me when I purchased this property. They stated they wanted to keep the rights and I told them the sale was off. They changed their minds the next day and we concluded the sale and transferred the deed. I am not know how to make sure the state of Ohio knows who currently own the mineral rights of a property.

• ▶ Reply