You are here:

Oil/Gas/mineral leasing

Advertisement


Question
I own mineral interest in 39 NMA out of 2,355 acres,in Anderson County, Texas
I was recently presented with a proposal by a "land management" firm representing an "energy resources" company of a 2 year geophysical/3+2 year lease option, as were my siblings, and other family members. It seems that there are somewhere around 60 individuals owning "mineral interest" in the the same acreage
My question is this:
Do Mineral Developers have to have signed lease agreements with ALL individual owners prior to "seismic exploration/drilling" activities, or can they commence such operations with only a portion of the aforementioned owners having signed leases?

Answer
They don't need permission from everyone. Likely if just one mineral owner says yes they can conduct seismic. I doubt they'd need permission from ANY of the land owners prior to doing seismic, but they would likely ask as a courtesy anyway.

Hope this helps you out.
Frederick M. "Mick" Scott CMM, RPL
www.mineralhub.com
The Mineral Hub  

Oil/Gas

All Answers


Answers by Expert:


Ask Experts

Volunteer


Frederick M. Scott

Expertise

Oil and gas leasing, lease negotiations, how to best deal with the oil and gas companies or their representatives, buying/selling mineral rights, forced-pooling, correlative rights, deeds and conveyances, and "post-production" costs. I am most experienced with Oklahoma properties and laws, but am able to answer questions concerning other oil and gas producing states in many cases.

Experience

I am a Certified Professional Mineral Manager (CMM) certified by the National Association of Royalty Owners (NARO) in Tulsa, OK. I am also a Registered Professional Landman (RPL) with the American Association of Professional Landmen (AAPL). I have managed my family's oil and gas properties in Oklahoma for over 10 years and have dealt with many landmen, title analysts, attorneys and other oil and gas professionals in the process. I have written several articles which have appeared in various oil and gas industry magazines and newsletters. I have negotiated and drafted leases, prepared deeds, affidavits, and other legal instruments relating to my own minerals, as well as performed title, legal research, and curative work for same. I have acquired a good deal of knowledge on the subjects of oil and gas law, mineral appraisal, and landwork over the past ten years, and also worked as a professional landman and lease buyer for a time. I've seen the business from "both sides" and therefore feel confident I can help out most of the folks who ask questions in this forum.

Organizations
National Association of Royalty Owners (NARO); American Association of Professional Landmen (AAPL)

Publications
National Association of Royalty Owners "Action Report" (ROAR); NADOA Magazine, The Mineral Hub, Landman Magazine, and several royalty owner association group's newsletters.

Education/Credentials
Certified Mineral Manager (CMM), Registered Professional Landman (RPL)

©2016 About.com. All rights reserved.