AboutLaura 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
Question Laura, I inherited 5 acres of royalty and 5 acres of leasing rights on a OK section. I leased the entire 10 acres and they are drilling. Will my interest be figured on 5 acres or 10 acres? I am not clear what the difference is between royalty ownership and leasing rights. Thank you, Randall
Answer Based on the information you set out above, you inherited 5 royalty acres which you did not have authority to lease? and then you inherited 5 acres which you did have the rights to lease. If this is the case, yes, your interest would be calculated on you owning 10 net acres within a producing unit.
