Video by theme:
*MYSTERY BAG REVEAL* My Recent "I Love Dooney" Sample Purchase
Your direct connection to mineral buyers Frequently Asked Questions Disclaimer: All data and information provided on these pages, while believed to be accurate, is nonetheless provided for informational purposes only and thus should not be relied upon as a legal opinion, legal advice, or investment advice. Recipients of content from this site should not make any legal or investment decisions based on it without first consulting an attorney or other appropriate professional licensed in their state who can provide advice pertaining to the specific facts at issue. By using this site, you agree that The Mineral Hub, its owners, employees and writers make no representations or warranties as to the accuracy, completeness, timeliness, suitability, or validity of any information contained in these pages and shall not be liable for any errors, omissions, losses, injuries, or damages arising from its display or use. Ask a question Mineral rights search in Colorado? I would like to know who owns the mineral rights on a property I am interested in buying in Colorado. It is located on Forest Service Road in Antonito. You could find out who currently owns the mineral rights under the property by searching the land records at the county clerk's office, or online. In lieu of that you could contact a local abstract office and have them do the search for you. The county clerk's records can be searched for free however so I'd try that first. We've written an article about how to do the search yourself. You can read it on our "Articles" page Hope this helps you out! I said I would think about it. I did some deed searching and added several clauses I copied from other deeds I researched. They will agree to all but said they will not agree to a shut in clause as they are in the business to make money and are planning 4 Wells starting in March. Shut-in limitation would be nice to have, and I've had success with the one below in several of my leases. I'm fine with a company shutting in a well for maintenance etc. Sometimes that could be for a couple of months even. I'm fine with that. What I DON'T want is for the company to be able to shut in my gas well for years simply because they don't like the prices being paid for gas currently, or simply to "hold" the lease until prices rise. If they desire longer, they'll need to get permission in writing from me or will lose the lease. I'd try to get some sort of limitation on the shut-in period if you can, but if they just won't do it you could just ask them to throw some more money your way, or increase your royalty fraction etc. After the end of the primary term, this lease may not be maintained in force solely by reason of the shut-in royalty payments, as provided for in this lease, for any one shut-in period of more than one 1 year or for shorter periods which exceed three 3 cumulative years without the written consent of Lessor, whose consent shall not be unreasonably withheld. Make sure it's clear. Have an attorney draft the conveyance for you if needed. Google "Duhig Rule" for more info, or check out our "Articles" page as there is a good explanation of that Rule I've posted there The entire leasehold being sold is currently serviced by 2 producing wells. New owners will be bound by the lease you signed until the lease expires. Kind of a tricky situation with the "provided that lessor Check with your attorney to be sure though if it's important to you. I need contact information including address, phone numbers and principals of the business. After an arduous search I was able to find the following information for you. Hope this helps you in your quest for info on this company. If the link doesn't work directly, please copy and paste into your browser window. How do I know if this is a good offer? In response to your question, If you don't really need the money right now you might want to hold off selling. I doubt the buyer told you about any of this when making the offer. The two new wells they've started drilling are "multi-unit" wells however, that will include at least two full sections of land a section of land being acres. Your section 13 is one of those sections. I expect they are hoping for a lot from them as horizontal wells spread over more than one section of land are expensive to drill. You would share proportionately in the production, along with the other minerals owners within the sections included. If they come in nicely when completed, probably less than a year from now, it would likely result in a monthly check for you. Probably not a huge check with only 1. The converse is true also as a bad well could drastically reduce the value of the minerals to a buyer. Basically this guy is offering to pay you up front what it will probably take years to get on your own once the wells come in. I didn't sell but really didn't need the money at the time either. I expect anyone who buys these will want to have an Oklahoma probate done on the estate of the person you inherited them from before they'll buy, in order for them to have "marketable title". This is something the oil company may also require YOU to do before they'll send you royalty checks if you keep them. That said, if the minerals were granted to you by someone prior to their death, then a probate would not be needed. If you do decide to sell, I The Mineral Hub could help find a suitable buyer for you no cost to you Your minerals are in the "hot" part of the county right now so I'm sure I could find some peeps interested in buying them. Not trying to talk you into selling. No bad decisions here really. What happens in oklahoma on a acre multi unit when the lease expires in the second unit before the drill bit enters it? I often will define "commencement" see below with a clause in my lease in order to clarify that actual drilling is required on or before expiration of the primary term in order to extend the lease past its primary term. Without such a clause, a lessee could argue perhaps successfully that "moving some dirt around" or staking the outline of a drilling pad on the day the lease was to expire was "commencement" and thus the primary term should be extended at least until they can get a rig on there and drill a well to its casing point at which point they'd decide whether to spend additional funds complete it as a producing well Commencement of a well within the primary term of this lease is required in order to extend this lease past its primary term. Commencement of a well means that a drilling rig capable of drilling to total depth be on location and actually drilling on or before expiration of the primary term, and that the drilling of said well be continued with due diligence until completion. Construction of a well location without actual drilling as detailed above will not be deemed commencement of a well. Note that if a well is "commenced" anywhere on the acres prior to lease expiration, it will extend the lease on the entire acre spacing unit, not just part of it. If it turned out to be a dry hole, the primary term would expire at that point. If it was deemed to be capable of production in paying quantities, they'd go ahead and set production casing and produce it, thus extending your lease into its secondary term which would last as long as there was production from the leased premises. Can you give me some advice on whether it would be in my best interest to participate in this AFE. Short answer is "no", I wouldn't advise participating in a well. Yes, the royalty payment will likely be much less than the payment you'd receive for participating in a well, but royalty is cost-free, meaning you won't have to put up any money in advance of the drilling either, you'll just share in the proceeds of any successful wells that are drilled. The fact that you're even asking me whether you should participate or not further convinces me that you should not. Participating in the drilling of a well by paying your proportionate share of the estimated drilling costs You stated you can't afford to lose your income if something goes wrong. I'd definitely stick with a lease which was likely also an option on the paperwork they sent you but if you want more info on participating anyway you should consult someone who has actually done it a lot, or an attorney who knows what it entails. You will be paid a royalty on any future production cost and risk free and receive a signing bonus up-front in most cases as well. If you are confused about leasing vs. Hope this helps you out. My wife has a small royalty interest in Ochiltree County. Lately we have been getting lots of offers to buy her out. Is there an increase of activity there or are people bargain hunting? Usually when you receive more than one unsolicited offer to purchase within a relatively short period of time it does indicate something is going on in the area that is attractive to buyers of mineral rights. Increased leasing, drilling, production etc. Some companies are also starting to move OUT of the Permian Basin play to the south and so that might account for some of the increased interest in your area as well. If you're planning to sell, I'd suggest listing them for sale on this site The Mineral Hub as you'll get a much more objective idea of their value than you will with those unsolicited offers, most of which are likely either "lowball" offers or "fishing expeditions" high price to entice you to sign with them Link below takes you to our listing page. What instrument would be needed for my sibling to correct mineral rights. In my parents trust settlement the following occurred, She wanted the farm so she was to pay me for half the appraised value of the acreage. I was then to sign a trustee deed which I did. One month later the Mineral Trust which included this particular acreage was signed and filed. The huge problem with all of this is my sister and I have not spoken in 15 years. If she would agree to rectify this problem what would need to be done? If she paid you for half the value of the land, but got all the minerals too, then you could argue that she should either return the minerals to you, or pay you some value for the minerals if in fact her understanding was that she was just paying for your half of the LAND. To answer your question, she could simply execute a "quit-claim-mineral-deed" listing you as grantee and including the legal description of the land. For future reference, a deed describing a tract of land that doesn't specifically reserve the mineral rights or state "surface only" or some such, will convey any mineral rights the seller owns under the land as well as the land. In order to be successful in a lawsuit you'd likely have to prove that your sister's intent was to keep only the land and not the minerals. More than "he said, she said" proof would be needed likely, but please consult with an attorney for a proper legal opinion on this. Hopefully it will not come to a lawsuit and your sister will just agree with you that her intent was only to purchase the land, and thus be fine with deeding you back the minerals or paying you a fair price for them if she intends to keep them since they were apparently not included in the "surface only" appraisal of the property. We sold 25 acres and retained the mineral rights with the following wording. To revert to land owner in 15 years, providing there are no production or active leases on property. Can we legally sell the Mineral rights? Yes, you can sell them, though you probably won't get as much as you would absent the reversionary clause since whoever buys them will only have use of them for 15 years from the date you sold them unless leased or producing before they return to the landowner. Probably also states that once production ceases would also revert to landowner. We leased it in for 3 years.
Contact: Sarah Jameson. May: Sales Rep. Licentious: Jennifer Jameson.