I live in VA but have an interest in oil wells in Tyler County, WV..I got a letter today (7-16-15) from a Jeremiah Campbell, Landman, of Pittsburgh, PA wanting to buy up to 50% interest in my interest and the parcel must be 20 acres or larger.
I do not want to sell my mineral rights at this time. Does anyone know of his Jeremiah Campbell? If so, is his intentions honorable?
Edgar, you've probably just received a mass mailing. There are quite a few companies sending out letters to people they think own mineral rights in West Virginia. He's probably a legitimate buyer, but it's hard to say for sure. I am an attorney, all I do is oil and gas work, and I haven't heard of him yet. Does he work for a company, or was it just his name on the letter?
Hi Edgar ... Are your wells in Tyler County in and producing? If you are earning cash flow, why would you want to sell? The Landman is fishing ... he doesn't even reference your actual acreage. Please do not sell 50% of your mineral rights. My family in Tyler County has owned the land for the past 200 years. You hang onto your minerals and keep them for your kids. You may 'lease' them ... but never Sell them. There is a difference.
My side of the Family is now using Kyle to help us with the legal aspects of the Leases we signed 3 years ago. We should have used Kyle, 3 years ago, but didn't know what we didn't know and didn't know Kyle. We know him now ... don't make our mistake. Contact him and when you need him to review a lease before you sign it ... you will have an Attorney on your side.
I also have a good Researcher that works with Tyler County Heirs and helps with the maze of information. Researchers work for the Families ... Landmen work for the Oil Companies. Researchers and Attorneys are both professionals and are paid accordingly and are worth the money. We have found out, from our researcher, that we are not getting our legal share of royalties as stated by the Landman. The researcher uncovered this error ... after the fact.
Now, we have Kyle. The Oil and Gas Mineral rights are very important and you want them done right. It doesn't do much good to shut the barn door after the horses have run off.
Thank you for the great information. This is pretty much my family's story (apparently my grand-parents owned a farm in Tyler County in 1935 and the wells are on this land). I have always thought that this was a "birth right" given to my cousins and me by my grandparents and that I should never sell the mineral rights.
I agree with you on that point. I wish we had know Kyle, too. I may need to get the information on your researcher in the near future, too.
Hi Edgar, I am attaching a document I received from Tyler county Clerk on how to download the Tyler old records. The first part shows how to view newer records. I was told a week or so ago that the Tyler County Commission is thinking about adding credit card capability for the website. If they approve that, then people can download records (deeds, leases, wills, lots of things). Meanwhile you can at least see what you can find.
If you want,I can help you maybe figure out where your interests are. The easiest thing, is if you have information in your records about the API number of the well(s). This starts with 095- the prefix for Tyler. Then 0xxxx for the rest of the well number. If you have that I can give you several things to do to find where they are. If not, maybe there are things to do (I would start with calling the Tyler assessor's office and tell them what is on your tax bill and say you want the API numbers for the wells).
Something to start with anyway.
Please ask if you have more questions or want more ideas. There is a law in WV about a well that has not produced in 2 years, that it needs to be plugged. You are getting near that time. Not something you do but somebody is thinking about it, I expect.
Only his name was on the paper. We (my cousins and I) got royalty checks from Petro Edge Energy in 2013 but none in 2014. I found out on this site several months ago that Petro Edge sold out to Shell Oil (StatOil). I wrote both companies but have never received a response.
Did you attend the meetig at the 4-H Center in New Martinsville in June? I did get a letter from StatOil but Rocky Mount is about 20 miles south of Roanoke, VA and it was just too far to drive up to New Martinsville for this meeting.
Anything you can provide me about StatOil is also appreciated. my other cousines are at a loss for not hearing anything from these companies. We own the mineral rights to some wells and I am still trying to learn the location, etc., of these wells.
Thank you for your good and informative response.
Hi Edgar ... You're in good hands. Nancy Mosley is the top Researcher for families in Tyler County in my opinion. And Kyle kicks ass with the Oil Companies. Nancy has done so much work for our Family ! Without her ... we wouldn't have a clue. Email me direct if you need me, since I am not always in here. email@example.com
thanks for the tip that StatOil is Shell Oil.
Another tip we have all learned ... we can all lose our Birthright ... if we don't pay the mineral rights taxes on the farms ... even if Tyler County can't find the Heirs in order to send a bill ... or for the Heirs to even know there is such a thing as mineral taxes and that we own some parcel ... somewhere ... that we had no clue we owned. It's a mess. Other people can come in and buy up the mineral rights by paying the taxes in default.
Kyle Nuttall seems to give good advice. Otherwise, know your tax District, and if unleased, start at 5k a net mineral acre and ask for a non-refundable option to let them do a title search. Mineral buyers abound, but do not start spending asking price lol. Make sure taxes up to date too. Good luck!
Why is there no current information on this ste?
I've wondered that myself. There's oil and gas activity on the ground, there's leasing and pipeline easement activity coming through my office. I have at least one potential new client call the office every day. I'm not sure why discussion has dropped off so much on this site. There's one thread where people discuss oil and gas from an investment point of view (mostly) and it gets activity. But aside from that, there's just not much going on here any more.
I would like a copy of your handbook, should I call you?