| Subject | Date Asked | Expert |
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| Oil/Gas Rights | 11/10/2009 | Alan H. Coogan |
Q: I was considering purchasing a property with gas/oil rights, the seller showed proof of about 11k a ...
A: Yes, there are ways to do it, but it requires much more info than you are reciting, plus some ...
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| Horizontal drilling | 11/10/2009 | David Traugott |
Q: David Traugott My question is: In which geologic, reservoir conditions it is recommended to use ...
A: Typically it is beneficial to utilize horizontal drilling when the reservoir is tight (i.e. has low ...
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| Suspense Accounts | 11/9/2009 | Laura M. FitzGerald |
Q: I live in Texas and I would like to know how to approach a company that we have reason to believe is ...
A: I'm going to attempt to answer your questions in the order in which it makes more sense. First, if ...
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| how do i know what perentage I own in mineral rights | 11/8/2009 | Alan H. Coogan |
Q: Can you tell me what percentage I own. I have raw land in california and my deed stagtes in the ...
A: I'll try. First I am going to assume you have accurately conveyed all of the deed's reservations ...
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| mineral rights deed | 11/7/2009 | Laura M. FitzGerald |
Q: We are buying property w/some mineral rights conveyed. However, under reservations for conveyence ...
A: From what you have stated above, the Seller is reserving 95% of the mineral rights and you and your ...
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| lease money | 11/7/2009 | David Traugott |
Q: Who gets the lease money? Surface owner, mortgage owner, or mineral rights owner? The minerals are ...
A: This depends on which state you live in; in TX the minerals and surface are either held together or ...
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| Lease options Kay County, OK | 11/7/2009 | Frederick M. Scott CMM RPL |
Q: I was recently contacted by Bagely Title, Inc. re: 4 net acres of minerals I inherited in Kay ...
A: Ken, I'd tell them you'll lease for $75 and 1/8, or $50 and 3/16 royalty; both three years with no ...
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| Mineral rights oil lease | 11/6/2009 | Frederick M. Scott CMM RPL |
Q: Is $75.00 an acre plus 3/16 Royalty for a three year lease with a 2 year option a good offer for a ...
A: Jerry, there's really not much going on in this county frankly, so $75 is probably pretty good for ...
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| Minerals - Lost acreage in a Judgement | 11/5/2009 | Frederick M. Scott CMM RPL |
Q: In 1920, our grandparents were sued in district court for an unpaid grocery bill in Texas. Our ...
A: Ann, if your grandparents owned the minerals at the time of the judgment, and in fact lost all the ...
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| Mineral Sales | 11/4/2009 | Laura M. FitzGerald |
Q: Am considering the sale of 65 acres of minerals in Custer County, OK. Description is East Half ...
A: Sir, let me check and see what the market value is in this area. Please email me at ...
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| land owner rights to gas and oil | 11/4/2009 | Alan H. Coogan |
Q: Is there a standard amount of gas and oil that the landowner receives and is there a limit to this ...
A: There is no standard rate. A commonly used amount is 200 MCF/year (200,000 cubic feet), typically ...
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| Longevity of a well | 11/4/2009 | David Traugott |
Q: Mr. Traugott, I have mineral rights, I inherited, on some land in McClain County, Oklahoma. An oil ...
A: Go to the website below and click on oil and gas database; you can then search by county, township ...
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| Longevity of a well | 11/3/2009 | David Traugott |
Q: Mr. Traugott, I have mineral rights, I inherited, on some land in McClain County, Oklahoma. An oil ...
A: The data that the oil companies use to research areas for potential exploration activities is ...
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| Longevity of a well | 11/3/2009 | Frederick M. Scott CMM RPL |
Q: I have mineral rights on some land in McClain County, OK. An oil production company began drilling ...
A: KB, if you'd shared with me the legal description of where this well is, I probably could have given ...
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| Online Mineral Deed Forms | 11/2/2009 | Frederick M. Scott CMM RPL |
Q: My ailing grandfather owns mineral rights that he would like to deed to my grandmother. He was told ...
A: Reid, there are in fact many companies selling ready-made deed forms online. I searched for "mineral ...
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| mineral rights | 11/1/2009 | Alan H. Coogan |
Q: Mr. Coogan, My wife and I own 5 acres just outside the Springfield, IL city limits. When I bought ...
A: Your situation is covered by Illinois law--you need to consult a Illinois real property attorney. ...
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| Royalties - North Dakota | 11/1/2009 | Laura M. FitzGerald |
Q: Just trying to figure out how the royalties are going to be paid for my father and his five ...
A: Below is how you would calculate the estimated royalty revenue, based on the information you have ...
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| unleased royalty owner | 11/1/2009 | Frederick M. Scott CMM RPL |
Q: Mr,Scott If a gas company fails to get me to sign a lease and starts drilling without signing me ...
A: George, it depends on what state you're in as to whether going unleased will benefit you, and in ...
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| selling mineral acres in Oklahoma | 10/31/2009 | Laura M. FitzGerald |
Q: I inherited mineral rights to some property in Oklahoma. A Land Company has sent an offer to ...
A: John, This sounds low to me. Why don't you email or fax me over the property information and I ...
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| calculating gas royaly income | 10/31/2009 | Frederick M. Scott CMM RPL |
Q: Total unit is 187.66 acres and my portion is 91 acres production of first month was 34,217 mcf ...
A: Short answer: Your gross check for first month's production would be about $15,555.49. The longer ...
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| Mineral LEase | 10/30/2009 | Laura M. FitzGerald |
Q: Wyoming Weston County--I own net 2 acres and have been notified they want to flood the land. What ...
A: Sir, I am not familiar with the market in this area - I suggest you check with some of your ...
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| Oil and Gas Lease in Atoka, Ok | 10/30/2009 | Frederick M. Scott CMM RPL |
Q: Recently had a company interested in leasing 160 acres - Atoka- NW/4 of Sec 32, Township 2 North, ...
A: Cathy, "Titan" is the only company I see currently leasing in Section 32 recently. St. Mary and ...
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| Entireities Clause in an Okla lease | 10/29/2009 | Laura M. FitzGerald |
Q: Can you give me a brief description of an "entireties clause" in an Oklahoma lease?
A: The Entirety Clause found in some oil and gas leases benefits the Lessee to make it clear to the ...
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| Oil lease offer | 10/29/2009 | Frederick M. Scott CMM RPL |
Q: I received a lease offer for an mineral interest in Lincoln County, Oklahoma underlying the NW/4 of ...
A: Joan, if the lease is for shallow depths only (get a depth clause in your lease) then the bonus is ...
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| oil/gas lease | 10/28/2009 | Alan H. Coogan |
Q: A friend of mine signed an oil/gas lease in 2008 and did not get paid for his entire acreage. Lease ...
A: The lease is a contract. Typos are typically correctable. Also look for a correction clause, notice ...
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| soap looking bubbles | 10/28/2009 | William Hawk Howes |
Q: we purchased 75 acres of land in Franklin, KY 3 yrs ago. Oil was found 3 yrs ago on property about ...
A: That's a new one on me, but, I would make sure it wasn't a natural gas leak from an underground pipe ...
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| Royalty Deeds | 10/27/2009 | Laura M. FitzGerald |
Q: I have in my possession 10 Royalty Deeds assigned to me September 1, 1970. Per the Royalty Deeds I ...
A: One of the things you could do to capitalize on these Royalty Deeds is sell your interest. Are you ...
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| expired leases and land man for mineral rights owners | 10/25/2009 | Alan H. Coogan |
Q: My family has some mineral rights currently under a lease that is about to expire. 1/4 of the rights ...
A: yes and usually does. That is the lease (original) covered certain land. It ended if no well was ...
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| Pooling unit question | 10/25/2009 | James H. McConnell, CPL |
Q: Coogan, I know this may not be your specialty, but the two experts listed are not available. I ...
A: I suggest you let the geologist represent you for a percentage of your royalty. Something is better ...
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| Gas lease | 10/25/2009 | Laura M. FitzGerald |
Q: The Gas company has to start drilling before other lease's expire.My family has an offer to lease ...
A: If the company drills before your family signs an OGL, then you will be sent an AFE (Authority for ...
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| MIneral Rights | 10/24/2009 | Alan H. Coogan |
Q: I recieved and oil and gas lease proposal today. It is for 54.47 gross acres, 13.6175 net mineral ...
A: 1. I can't keep up with the variety of offers across the country either. Local info (you neighbors) ...
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| Oil & Gas Lease | 10/24/2009 | Laura M. FitzGerald |
Q: An oil & gas company in Harrison County, Texas has approached my family to lease our mineral ...
A: 1. Can the oil company proceed with this project without me agreeing and signing? ANSWER: Yes, as ...
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| old oil lease | 10/23/2009 | Laura M. FitzGerald |
Q: I have a copy of an old oil lease dated in 1983 in OK that my husband and I signed. Obviously the ...
A: Yes, it appears that in 1983 when the lease was granted, your family owned an interest in the ...
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| Working interest | 10/22/2009 | Laura M. FitzGerald |
Q: Several years ago I bought, from a friend, a portion of his working interest of a well that has been ...
A: No sir, a "Working Interest" cannot be converted to a "Royalty Interest" because they are created ...
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| Mineral Rights Definition | 10/21/2009 | Alan H. Coogan |
Q: I am attempting to acquire a property in Ohio whereby 50% of the mineral rights "above and below" ...
A: No, but one can reserve what the seller and buyer agree to reserve. Timber is not usually ...
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| production clause of lease | 10/21/2009 | Laura M. FitzGerald |
Q: In reference to the contiution of an existing lease due to production, I was wondering how ...
A: The well must be producing in commercial quantities. Now, the big question is: what is 'commercial ...
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| addendum | 10/18/2009 | Frederick M. Scott CMM RPL |
Q: Fred, The addendum below was added to a oil & gas lease I signed with a landowner group. After ...
A: Yes, five years after the primary term expires is how I read it, too; and yes, it seems they could ...
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| addendum | 10/17/2009 | Frederick M. Scott CMM RPL |
Q: Fred, The addendum below was added to a oil & gas lease I signed with a landowner group. After ...
A: Stanley, short answer is it's not a bad clause for you. If the clause were not included, then in ...
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| oil:gas | 10/15/2009 | William Hawk Howes |
Q: While discussing alternative fuels in a lecture this morning I was assigned to research how much oil ...
A: Thats a little turned around. Should be, "How many gallons of gasoline in a gallon of crude oil" ...
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| Arkansas Drilling Activity - Cleburne County | 10/15/2009 | Frederick M. Scott CMM RPL |
Q: My wife and I received a solicitation from Gateway Land Services on behalf of Chesapeake Exploration ...
A: Ron, I'm glad you liked the lease clause "tips." Keep in mind however that there is no guarantee ...
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