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 How do I find out if my minerals in Caddo and Webster Parish have reverted to surface owner? I receive royalty checks from Hunt Oil for property in Webster. Also, if I choose to sell mineral rights, who would I contact and how long does it take?
Answer Hello - Thank you for allowing me to assist you in your question.
Minerals revert to a surface owner after ten years of non-production. However, if there has been production for 5 years and then there is no production for the following 2 years, but after the 7th year, a new well is drilled and production commences anew, then the ten years of non-production is begun again once production ceases to produce from the well drilled in the 7th year.
In summary, there has to be ten consecutive years of non-production in order for the rights to revert to the surface owner.
If you are interested in receiving an offer to sell your mineral rights, I would be happy to assist you. At the time you let me know this is what you would like to do, I will then conduct a title examination to determine if you are currently the mineral owner or if the minerals have reverted to the surface owner.
I work with several mineral buyers and I will offer your acreage to them all and present you with the best offer. This happens very quickly and you will be paid with a certified bank check - not a bank draft.
You can email me at lfitzgerald@iliosresources.com and I will be happy to assit you. You do not incur any fees for my services, they are paid by the mineral buyers.
You can also call my office at 318-219-2464 and speak with Amy Lewis if you would rather reach my office by phone.
