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The Big Fish
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Got a question about your new oil well? Or any other general oilfield question, I will try and answer it.
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DSB
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I have inherited mineral rights in Renville Co. ND
gross acres 120, net acres .13 Twp 162n range 87w.
and 55.84 gross acres, net 4.64 acres Twp 162n range 86w. I have had it. I got $10 for the .13 for 5 year term includes rentals plus 1/8 royalty. On the 4.64 net acres I got $20 per net acre and 1/8 royalty.
This was received in 1997 after my brother checked into it. I have had this mineral right since 1984 and 1997 was the first time I heard from the company and I haven't heard from them since. What does the few dollars paid and acres and royalty and rental mean. Shouldn't I be getting royalty from the minerals. The company is Empire Oil Company out of Williston, ND. Am I the one who has to contact the company every 5 years?
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The Big Fish
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DSB wrote: I have inherited mineral rights in Renville Co. ND
gross acres 120, net acres .13 Twp 162n range 87w.
and 55.84 gross acres, net 4.64 acres Twp 162n range 86w. I have had it. I got $10 for the .13 for 5 year term includes rentals plus 1/8 royalty. On the 4.64 net acres I got $20 per net acre and 1/8 royalty.
This was received in 1997 after my brother checked into it. I have had this mineral right since 1984 and 1997 was the first time I heard from the company and I haven't heard from them since. What does the few dollars paid and acres and royalty and rental mean. Shouldn't I be getting royalty from the minerals. The company is Empire Oil Company out of Williston, ND. Am I the one who has to contact the company every 5 years? No you dont have to contact them...they will find you as long as your address is update at the renville county court house. IS there a well on there already? If you do have a well then they might not have been able to find you. Also, even if there is a well, it sounds like you dont have a lot of acres. 4.64 acres and 0.13 acres isnt much of anything. Usually the oil company has a minimium of $100 before they have to pay or it has to accumulate to over $100 before they have to send you a check. This might be the case here.
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dsb
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The Big Fish wrote: <quoted text>
No you dont have to contact them...they will find you as long as your address is update at the renville county court house. IS there a well on there already? If you do have a well then they might not have been able to find you. Also, even if there is a well, it sounds like you dont have a lot of acres. 4.64 acres and 0.13 acres isnt much of anything. Usually the oil company has a minimium of $100 before they have to pay or it has to accumulate to over $100 before they have to send you a check. This might be the case here. Thank you for your answer.
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The Big Fish
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The Big Fish wrote: Got a question about your new oil well? Or any other general oilfield question, I will try and answer it. ?
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The Big Fish
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The Big Fish wrote: Got a question about your new oil well? Or any other general oilfield question, I will try and answer it. ??
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The Big Fish
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yep
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Amber
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I inherited mineral rights 20 years ago in Dunn County but didn't know it until two years ago. A couple of companies contacted me to lease the mineral rights and I didn't know much about it so I agreed. I never received documentation on the township/range/sections that I actually inherited. Is there a way to find this information out without traveling to North Dakota?
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The Big Fish
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yes. call the dunn county courthouse in manning. i am unsure of what department to talk to but considering the courthouse is the size of a starbucks you should be able to get an answer quickly. you might have hire a title company to get this info also but i know a couple of years back there was one in manning across yhe street.
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The Big Fish
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Got an oil well type of a question. Maybe unsure about what a oil lease is. Then Ask the big fish. I dont know everything but i will give you my opinon
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Judge it!
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