Since: Jul 08

Brooklyn, NY

#45 Jul 2, 2010
Glenn wrote:
If I have the minerals on a piece of property and I sell the land and keep the mineral rights, does the oil company still have the right to drill even though I don't own the surface rights anymore?
Yes mineral rights take presidence over surface rights.
JGZ-5

Saint Paul, MN

#46 Oct 17, 2010
My family has some mineral rights in Williams Couty,ND at least 320 acres. I believe company has leased and been drilling for a year. How do we find out when our first check will come?
JG-5

Since: Dec 10

Hurst, TX

#47 Jan 6, 2011
JGZ-5 wrote:
My family has some mineral rights in Williams Couty,ND at least 320 acres. I believe company has leased and been drilling for a year. How do we find out when our first check will come?
JG-5
Are you certain they have drilled your minerals? If the well was producing for more than 6 months you should have recieved a royalty check by now. You should contact the well operator. There might be something clouding your title to the minerals and your royalty payments are going into a suspense account awaiting title clarification. Do you have mineral deeds recorded in your names in the county in which the minerals lay? Have you moved since you recorded the lease? They may not expend alot of effort to find you, thinking you will contact them when you get tired of waiting. It may have been a dry or very marginal well. In that case they may only send you a check once a year for a small amount. Contact the well operator, and good luck.

Since: Dec 10

Hurst, TX

#48 Jan 6, 2011
Josh wrote:
Been reading all these articles in the news about drilling in North Dakota, and it seems a lot of people are doing pretty well letting companies drill for oil on their land. Which makes me wonder... Does anyone ever *refuse* to lease their mineral rights to the oil companies? And if so, does anyone know what some of the reasons are?
I think I'm about to turn down leasing to go carried interest. I will get at least a 12.5% cost free royalty til 100%+ a 50% penalty of my share of the well is paid for. After paying off my share of the costs and the penalty my royalty will be 100% less the cost of production. I figure after costs it will be like getting a 50% to 60% royalty at worst for an average well. Roughly speaking, I'll be making what the oil co. would make if I leased and they will get what I would have recieved after a lease. If an oil co. can't lease enough mineral rights they won't drill. They will go somewhere else where they have it sown up, lease wise. Oil companies aren't in partnership with you. They expect to make 2.5 to 3 times what you get off your oil, or more. I guess I am stupid as the porcelain pond fish said; making trouble for myself, such as what to do with all the extra money. The landman will not mention CARRIED INTEREST to you. It's a term they don't want you to know, but you owe it to yourself to research. Remember, it's your oil. Are you happy to pay them 80% or more to help you get it out? That's what you are doing when you sign a lease.
ND Oil Heir

Esom Hill, GA

#50 Jan 11, 2011
I just found out I am beneficiary to oil & mineral rights on 17 acres near Bowdells in Burke County, ND. Is it worth anything and where would I start to get more information on this matter? Thanks.

Since: Dec 10

Hurst, TX

#51 Jan 13, 2011
ND Oil Heir wrote:
I just found out I am beneficiary to oil & mineral rights on 17 acres near Bowdells in Burke County, ND. Is it worth anything and where would I start to get more information on this matter? Thanks.
Look at the last 5 pages of the [ oil leasing and drilling activity around McKenzie county ] forum to learn how to use the NDIC OIL and Gas website. Your 17 acres probably wont make you rich, but if you do a little research it could be significant to you. Possibly pay off your house or send someone to college kind of money if it's [ NET ] acres. Good luck!
ND Oil Heir

Esom Hill, GA

#52 Jan 14, 2011
Kennedy 817 wrote:
<quoted text> Look at the last 5 pages of the [ oil leasing and drilling activity around McKenzie county ] forum to learn how to use the NDIC OIL and Gas website. Your 17 acres probably wont make you rich, but if you do a little research it could be significant to you. Possibly pay off your house or send someone to college kind of money if it's [ NET ] acres. Good luck!
Thanks for responding, Kennedy 817. I will learn how to use the NDIC & Gas website, as you suggest. ND Oil Heir
Virginia young

Littleton, CO

#53 Jan 17, 2011
Our well named Koeser has 280 fsl 1920 fel wilcat after it on confidential list,what does that mean,it was drilled on Nov 22,we haven't heard from them yet,just curious obout this,what happens next
Cookie

Corona Del Mar, CA

#54 Jan 19, 2011
If you haven't leased yet, call Ben Elmore, an oil and gas attorney in Houston. It is free to talk and get advice. he helped me a lot with lots of problems on a lease in La Salle County.
RKC

Corona Del Mar, CA

#55 Jan 19, 2011
I have some mineral rights on 200 acres in Austin Texas. Have had since 1955. The deed says it is 50%.
I heard last week that the owner of the other 50 percent (who also has negotiation rights) to an oil company about 5 months ago for $2500 an acre. They forgot to pay me. Is that possible? Something about a stick deed law? That may mean that my interest was too small to pay me. Thanks for your help.

Since: Dec 10

Hurst, TX

#56 Jan 19, 2011
RKC wrote:
I have some mineral rights on 200 acres in Austin Texas. Have had since 1955. The deed says it is 50%.
I heard last week that the owner of the other 50 percent (who also has negotiation rights) to an oil company about 5 months ago for $2500 an acre. They forgot to pay me. Is that possible? Something about a stick deed law? That may mean that my interest was too small to pay me. Thanks for your help.
If you own 50% of the mineral rights to 200 acres the party/ parties that make up the other 50% can lease their interests exclusive of yours. You have the same right. You can lease with whoever they leased with or with someone else. 100 net mineral acres are certainly enough to get paid for. Don't be in too great a hurry to lease and DO hire expert help. You may do no better than the offer the other 50% accepted or you may be able to negotiate double what they recieved. Best of luck to you, and remember that 250,000 is alot of money and well worth their time to hire lawyers. You need one on your side too.
Lori

Pompano Beach, FL

#57 Feb 9, 2011
We have turned down offers to lease when the company would not agree to the way we wrote the lease. They are writen by lawyers for the oil companies, you know, and do not have our best interests in mind. Free hold owners need to be more unified. We could get a lot more.

Since: Dec 10

Hurst, TX

#58 Feb 9, 2011
Lori wrote:
We have turned down offers to lease when the company would not agree to the way we wrote the lease. They are writen by lawyers for the oil companies, you know, and do not have our best interests in mind. Free hold owners need to be more unified. We could get a lot more.
You are so right Lori. Leasing co. and landmen complain about having to track the owners of fractionalized interest, but that's because they already have enough fractioning to suit them, so they can divide and conquer. If the mineral rights were still in big blocks, the mineral owners would have the power. They wouldn't like that$$$.
ND Oil Heir

United States

#60 Mar 18, 2011
Does anyone want to buy 17 mineral acres near Bowdells in Burke Couty, ND?
jerome

Bismarck, ND

#61 Mar 18, 2011
ND Oil Heir wrote:
Does anyone want to buy 17 mineral acres near Bowdells in Burke Couty, ND?
email me some details as far as section township etc
jerome6016@hotmail.com
thanks
Garett701

Kenmare, ND

#63 Aug 29, 2011
jerome wrote:
<quoted text>
email me some details as far as section township etc
jerome6016@hotmail.com
thanks
.

I may be interested in buying these minerals if you still have them for sale. Please email me at garettmccabe@gmail.com
Garett701

Kenmare, ND

#64 Aug 29, 2011
ND Oil Heir wrote:
Does anyone want to buy 17 mineral acres near Bowdells in Burke Couty, ND?
I may be interested in buying these minerals. Please email me if they arebstill for sale at garettmccabe@gmail.com. Thank you

Since: Aug 11

Kenmare, ND

#65 Aug 29, 2011
BPJ wrote:
We just recieved an offer to lease mineral acres in Northern Billings Co. for $750.00/acre for 10 years. Our attorney advised us that 10 years was too long, we should go for 5 years. Anybody have any feedback on this?
I am a Landman for an oil company in Bismarck. We are currently leasing acres in Billings County. Have you leased your interest yet?
Jorge

Bismarck, ND

#66 Nov 4, 2011
Garett701 wrote:
<quoted text>
I am a Landman for an oil company in Bismarck. We are currently leasing acres in Billings County. Have you leased your interest yet?
Just got a call from Hess saying that my grandpa owned mineral rights in Burke county.... not sure what to think about that.

Since: Aug 11

Kenmare, ND

#67 Nov 15, 2011
Jorge wrote:
<quoted text>
Just got a call from Hess saying that my grandpa owned mineral rights in Burke county.... not sure what to think about that.
I'm actually currently living/working in Burke county as we speak. If you would like, you can email me at garettmccabe@gmail.com and we could go over more specifics. The company I work for is doing a lot of drillimg in this county.

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