Frequently Asked Questions Mineral Hub. Reversion clause in old deed cause problemsAsked 1. Q We sold 2. 5 acres and retained the mineral rights with the following wording. To revert to land owner in 1. Can we legally sell the Mineral rights A Yes, you can sell them, though you probably wont get as much as you would absent the reversionary clause since whoever buys them will only have use of them for 1. Probably also states that once production ceases would also revert to landowner. Hope this helps you out. Frederick M. Mick Scott CMM, RPLThe Mineral Hub. Abandoned gas wellbore in Garfield County Asked 1. Q There is an old well from the 7. We leased it in 2. The company assigned the wellbore to the company that had the old well. Advanced Business Card Maker V4 Pogo. There was a small amount of gas sold after that but there has been no production since April of 2. We contacted the Corporation Commission and they sent letter to plug or produce. The Bakken Shale is one of the most active oil fields in the United States of America. Drilling in the Bakken formation has caused a huge. EcologyNews. com A web portal for the ecology and for revelations about environmental war on the environment such as HAARPchemtrails, Fukushima global nuclear false. Western Australias Battle for Offshore Oil Crude Oil dropped by 27 in 2009. Information for Independent Gasoline Station Owners, including issues involving jobbers and oil companies. The Deepwater Horizon blowout pumped thousands of cubic metres of oil into the Gulf Of Mexico. Could microbes offer a solution for coping with similar disasters North Dakota Drilling and Production Statistics Drilling Rigs currently active in North Dakota 54. Production Reports. Monthly Production Report Publications. We dont want them to produce. Just plug and get off land. We contacted an attorney and he sent a demand letter. Today we receive a check for 8. Original lease is released. What do we do A The company, with the 8. April of 2. 01. 5 was a reasonable lapse and thus lease is still valid. Depending on what your lease says were shut in payments made on time as called for in lease etc they may be right but Id run it by an attorney if you really want a definitive answer. The company will produce the well rather than abandon the lease if there is money to be made so it appears they want to produce it rather than abandon or they wouldnt have paid the shut in royalty except perhaps to buy them a little time to decide for sure whether to plug or produce. You could argue that the lease expired once production ceased and thus is NOT still valid but youd probably have to take them to court to argue that, and you might lose that argument. Get an oil and gas attorneys advice before spending a bunch of money or time on this. Hope this helps you out. Frederick M. Mick Scott CMM, RPLThe Mineral Hub. O G Lease Offer asks me too assign my interestMeaning Asked 1. Q I just received papers on one section in Jefferson co. Oklahoma they want to do a horizontal viola test and give cost of dry hole and well. I have 3 options n. X amount bonus 18 royaltyn. X amount bonus 31. Not sure what assign means A Assign simply means lease. They are asking you to assign your right to drill over to them by signing an oil and gas lease, and in return they give you a signing bonus as well as a share of the royalty 18, 31. Participating in the well is not something you want to do. Royalty is cost free supposedly while participating is not, and is certainly not something for novices to do. Hope this helps you out Frederick M. Mick Scott CMM, RPLThe Mineral Hub. Buyers Deed has ConfusingUnfavorable Terms Asked 1. Q I received a contract for a few acres I am selling and there is a sentence that seems confusing in what it grants to the buyer. Oil Drilling Activity In Nd' title='Oil Drilling Activity In Nd' />It reads Grantee shall have, receive. Grantee herein had been at the date of making of said lease. Does the which may accrue in the past or future require that any bonuses or royalty payments I received previously will be made payable to the buyer I looked up a few example forms and none had that wording. They usually stated from here and in the future or something similar. A Its a badly written paragraph, and in favor of the buyer. The word past would entitle the buyer to any past royalties or bonus amounts that were not paid, but should have been, but would not force you to give money back that was already received. They put that past language in there in an effort to collect any royalty payments that were not made in the past due to some title issue, or a bad address for the royalty owner etc. Companies will deposit unpaid royalties in a suspense account until they can figure out who it goes to. Buyers who put this past royalty language into their deeds would be entitled to any suspended funds. You dont want that of course. While it may be common language in a lot of deeds these days, I would strike such language from any deed presented to me unless I was SURE there were no unpaid royalties or bonus payments lurking about. If we ever see that language in a deed that is presented to one of our clients people who sell their mineral rights through our site we will explain this to them and suggest they strike that offending language. We try to protect our sellers from unscrupulous buyers the best we can, which is why many choose to list their mineral rights for sale with us instead of going it on their own and possibly being taken advantage of. Hope this helps you out Frederick M. Mick Scott CMM, RPLThe Mineral Hub. Do O G Companies Steal Royalties Asked 1. Q How much do you think the oil and gas companies steal It does take a long time to get the first check and we as owners have no way of knowing exactly what they take out. And I imagine some companies are worse than others. What do you think A Generally, most states allow an oil company six months after first production i. They do this because there is a lot that goes into making sure everyone is paid correctly when the first well is drilled on a lease, and six months is really needed if there are a lot of owners involved. Because of the delay, the first check received will often contain four or even five months of income and may be the biggest check the royalty owner ever receives from the well since on top of the multiple months, the first few months of a wells life are often its best. If they dont start paying on a new well within six months, interest on late payments is usually due per state law, though many times you have to remind the company that it is actually due in the event you discover you were paid late. Yes, some companies blatantly rip off their royalty owners and are fine with it. Their motto is do it until they find out then tell them to just sue, which most owners wont do because its expensive. Enter the Class Action Lawsuits supposedly designed to help the lowly mineral owner recoup their money from the big bad oil companies. Im not a fan of class actions either though because in most cases the main beneficiaries are the attorneys, the oil company, and perhaps the lead plaintiff claiming to represent the mineral owners rather than the mineral owners themselves who often get pennies on the dollar compared to what they are actually owed. You can read in more detail WHY Im not a fan of class actions suits on our Mineral Hub Articles page along with some other original articles weve published. Moral of the story is, get as good a lease as you can up front it can affect your rights for decades if a producing well is drilled and then hope for the best. Not a pretty picture is itLuckily MOST companies do not blatantly rip off their royalty owners, but there are certainly some that do so be vigilant. Hope this helps you out Frederick M. Mick Scott CMM, RPLThe Mineral Hub. Want to sell working interest in NM Asked 0. Q Have many small working interests in San Juan county NM. They are under the management of several companys. Would love to sell asap. Looking to find someone to help with the listing on this site. A We generally dont handle working interests on the Mineral Hub so wont be able actually list them. Stark County, ND Oil Gas Discussion. Started by Bill Mc. Bride Oct 2. 3, 2. Replies. 0 Likes. I am recently retired and with time on my hands have become interested in my wifes partial interest in the following Lat 4. Long 1. 02. 8. 97. TSP 1. 39 North, Range 9. West, Sec 2. 2 SEContinue.