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Oil/Gas/Further develop my producing lease?

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Question
Sir:
   The Genn family owns 160 acres (1/4) section; mineral rights under T3s R2e section 18 carter co. Oklahoma. I am interested in your opinion as to when we may have these mineral rights developed? We receive natural gas checks currently. I am registered with the Oklahoma mineral owners registry.

Answer
You mean developed FURTHER I assume, since there is already a well there. Further development is up to the operator unless your lease agreement states something contrary to that. When they leased you (or whomever owned the minerals at the time) they were paying for right, but NOT the "obligation" to drill any wells. Thus, if you want more wells you will have to wait until they decide to drill again, or perhaps try to force them to either drill or release the lease in court, though unless you can prove to the judge they are not "prudently" developing their leasehold in this section you will likely lose that battle.

Hope this helps you out.
Frederick M. "Mick" Scott CMM RPL
www.mineralhub.com
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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)

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