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About Laura M. FitzGerald, CPL
Expertise
I can answer all questions related to any oil and gas leases, mineral sales, pipeline right-of-ways, LA Dept of Conservation Units; negotiating with landmen for leasing your property, assisting in locating owners of suspended funds.

Experience
26 years in the field and owning my own land services company; being a royalty owner, and participating in drilling wells

Organizations
American Association for Professional Landmen, ArkLaTex Assoc. of Professional Landmen, and Dallas Association of Professional Landmen (DAPL), Women's Business Enterprise National Council (WBENC)

Education/Credentials
Certified Professional Landman, attended LSU, Notary Public

You are here: Experts > Industry > Oil/Gas > Oil/Gas > old oil lease

Oil/Gas - old oil lease

Expert: Laura M. FitzGerald, CPL - 10/23/2009

Question
I have a copy of an old oil lease dated in 1983 in OK that my husband and I signed. Obviously the lease has no value now except that we have no knowledge of owning any mineral rights or land as described in the lease. Could the old lease be an indication that we should research any ownership we might currently have in those mineral rights? Thanks

Answer
Yes, it appears that in 1983 when the lease was granted, your family owned an interest in the minerals. In order to determine if you currently own the interest, a mineral title examination should be done.

Depending on the size of the interest, you may wish to contact an Oil and Gas Attorney or a title abstractor to obtain this information for you.

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