"Mineral rights are included in any devise of real property. If that is not specifically addressed, there is usually a residuary clause, that states that all property not specifically addressed is to pass a certain way. It is almost…"
"I don't totally understand what you mean when you say "They found an heir in CA and now they are on the title," but is it possible that they retroactively deducted that heir's royalty payments from what they are paying you?"
" Make sure you get the minerals assessed and pay taxes on them where appropriate. I suspect the clerk's office would advise you to do this, or an attorney drafting the deed would advise you to do this... but just make sure you have…"
"I doubt they will have to pay it back. Generally, oil and gas companies pay bonuses based on the deeded acreage (number of acres that the deed records say the property contains). I have not personally heard of them asking for bonus money…"
"Nancy's evaluation sounds right. Most older leases cover all depths, so the deeper formations were probably assigned by the company that has the shallow well. If that is right, terms of the original lease control the deeper formations as well.…"
"Walt, my guess is there is nothing you can do. Sounds like you did not sign a paid up lease, but a delay rental lease. Under a delay rental lease they can choose to continue the lease by making an annual payment for your agreed-upon $ amount and…"
"I would agree with that right now for sure, but maybe in the future it will be used. Right now, as you say, I am sure they are concentrating their time and resources on locking up as much of the acreage they have under lease as possible."
"I have heard that these companies, if they want to, can go back and refrack a lot of these wells and obtain production numbers close to the original production. I am yet to see that reflected in my royalties as far as I know, but I hope to see…"
"If they are different units you should receive another division order. If they are in the same unit I would think you'd still receive another division order if the new well was not part of the original division order, but I am not certain."
What makes this site so great? Well, I think it's the fact that, quite frankly, we all have a lot at stake in this thing they call shale. But beyond that, this site is made up of individuals who have worked hard for that little yard we call home. Or, that farm on which blood, sweat and tears have fallen.[ Read More ]