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All Blog Posts (171)


Pro
I cut the per rod price for a pipeline row on purpose!

To cut the price on purpose sounds counter-intuitive.  But hear me out.

A pipeline company contacts my client to cross their property, approximately 550', or 33 1/3 rods.

I asked to see a plat of their route.  It was only 3.5 miles.

My client retained a strip of land, as a right of way corridor, from the chemical plants all the way to the river, many years ago - and sold the rest of their surface.

Going rate for rights of way in my…

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Added by Buddy Cotten on March 10, 2017 at 2:00pm — No Comments


Pro
West Virginia Oil and Gas Lease Basics

IMPORTANT!:  The following article includes good advice about how to improve a “standard” oil and gas lease.  However, it is no substitute for hiring a lawyer to read the exact document you have and give you advice about the exact language of that document.  Even if you decide not to hire me, go find a lawyer that knows oil and gas leases.

With the price of oil and natural gas rising and, more importantly, with production numbers dropping and new pipelines…

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Added by Kyle Nuttall on February 27, 2017 at 4:43pm — No Comments


Pro
2017 Trading forecast

2017-2018 Monthly WTI trading forecast.

It is important to note that this forecast is for commodity trading only.  The actual price received may be higher or lower than these numbers seem to indicate.

There is a volatility of about $10.00 per bbl either way in any given month.  eg. 20%

Attached is my annual report that shows my…

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Added by Buddy Cotten on February 13, 2017 at 10:54am — No Comments


Admin
Website issues: we need your help!

Some of our users are having trouble accessing the forum, with some browsers timing out or not rendering the full site. The tech support team is working on a fix and has requested additional information to resolve the issues.

If you have not been able to log in at least once or of it is consistently slow, please email your IP address and Internet Service Provider to me and I will pass the info along to the teach…

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Added by Elizabeth Alford on September 26, 2016 at 1:00pm — 1 Comment


Pro
After the Probate: What’s Next?

Oil, gas, and mineral rights are real property in Colorado, because of that real property distinction when the same are owned solely in a decedent’s name, they are subject to probate to update that title.  Many hours and legal fees are devoted to updating title in Colorado when family members pass, especially when multiple generations have passed without an update to the title.  While Colorado offers abbreviated and informal probate processes, such processes can be frustrating to oil, gas,…

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Added by Jenna H. Keller on August 23, 2016 at 3:30pm — 1 Comment


Pro
Apples and Oranges to Oil & Gas and Wind – Part Two

In our last article entitled part #1 we discussed the apples to apples of wind and oil and gas.  This article explores the apples to oranges of wind to oil and gas. 

 

Wind energy relies heavily on financing

Many oil and gas operators and operations are self-funded and do not rely heavily on financing structure…

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Added by Jenna H. Keller on July 20, 2016 at 3:30pm — No Comments


Pro
The Extended Reach Well and the Surface Owner

From time to time, oil companies will want to use a surface location that is not located within the boundaries of a lease or unit to develop the minerals.

In order to do so, they have to get the permission of the surface owner to do so.  This is in the nature of an "easement of passage."

So, what are these things worth?  With a road, 10 years ago, in my area, the cost was about $50K per well.  That is now up to $75K for 5 years and a rental of $25K for each…

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Added by Buddy Cotten on July 10, 2016 at 4:56pm — No Comments


Pro
Ratifying a Lease or Unit with a NPRI interest -- Revisited

An interesting situation hit my desk 2 weeks ago.

The property is located in Texas.

My client owns a Non-Participating Royalty Interest of 1/3 x 1/32, or a decimal interest of .010416667.

The Operator wanted my client to ratify 5 separate leases where our NPRI burdened the lease.  The total NPRI covered around 2100 acres.  One of the leases provided for a cost free royalty, the others did not.

Here you are going to have to follow…

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Added by Buddy Cotten on June 27, 2016 at 1:40am — No Comments


Admin
REPORT SPAM in the Forums

Thanks for all of you who are helping to crack down on the spam in our community.



The admins can't be everywhere, so we rely on you to notify us when people aren't following the rules. You will notice a new red button to REPORT SPAM that is now located on right side of every page in the community. If you come across someone who is not following our guideline, please click and repot. 



Please refer to our…

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Added by Elizabeth Alford on June 9, 2016 at 3:25pm — No Comments


Pro
Apples and Oranges to Oil & Gas and Wind – Part I

Wind energy continues to expand and develop, especially in the state of Colorado.  With a new project planned by Xcel in eastern Colorado near Limon, Deer Trail, and Simla, concepts from oil and gas can often be borrowed in the negotiations for wind leases.    Wind energy is a close sister cousin to oil and gas and there are many comparisons to be made of wind energy to…

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Added by Jenna H. Keller on May 15, 2016 at 3:45pm — 1 Comment


Pro
Division Order Worksheet

All of the time we receive Division Orders. Ok, no we don't. But hopefully sometimes we do!

How do you know if you are being paid properly? The only way to know for sure is to compute your own interest. In order to do so, you need to know several things.

  1. The size of the Unit 
  2. Your net acres in each tract that you contributed to the unit. 
  3. Your royalty rate in each contributed tract.
  4. If there is a NPRI that burdens your royalty…
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Added by Buddy Cotten on April 25, 2016 at 11:30am — 2 Comments


Admin
Playing by the Rules: An Important Update on Forum Policy

Dear members,



Following is a special message from the ownership and management of the Mineral Rights Forum.  



To the thousands and thousands of members who obey the rules and participate on the forum in the spirit of both giving and receiving, thank you.  We welcome you and yours alike.  The 'internet age' has afforded connectivity among individuals and groups in unprecedented fashion, and this forum for America's…

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Added by Elizabeth Alford on April 12, 2016 at 7:32pm — No Comments


Admin
What exactly is a landman?

If you own the oil and gas mineral rights on a piece of property, you may have already been contacted by a landman looking for a lease. But if you are new to the game, you might not fully understand who this person is and whether you can trust him/her. The following factsheet gives a quick glimpse at the roles and responsibilities of this very important person involved in the leasing process.…

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Added by Elizabeth Alford on March 25, 2016 at 1:03pm — 1 Comment


Pro
So....When does an oil and gas lease actually expire?

This should be an easy answer, but the devil is in the details of the oil and gas lease itself.

Many oil and gas leases have two terms -- a primary term and a secondary term.

The primary term is defined in an oil and gas lease generally in the following language;

"2.   This is a paid up lease and subject to the other provisions herein contained, this lease shall be for a term ending three (3) years from the date hereof (called “primary term”)…

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Added by Buddy Cotten on March 21, 2016 at 8:49am — 5 Comments

Crude Mystery: Where Did 800,000 Barrels of Oil Go? Part 2

Here’s how a barrel of crude goes “missing” in the data. Last year, the IEA estimated that on average the world produced around 1.9 million barrels a day more crude than there was demand for. Of that crude, 770,000 barrels went into onshore storage while roughly 300,000 barrels were in transit on the seas or through pipelines. That left roughly 800,000 barrels a day unaccounted for in the data. Global oil supply is about 96 million barrels a day.

In the fourth quarter, the number of…

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Added by JRW on March 20, 2016 at 8:13pm — No Comments

Crude Mystery: Where Did 800,000 Barrels of Oil Go? Part1

Just stumbled on an article, according to which the "supply & demand" numbers were skewed throughout 2015 by falsely showing more "supply" than there actually was - thereby depressing the price.

In French from Russian website.

https://fr.sputniknews.com/international/201603181023469993-petrole-prix-effondrement-raison/

And here's the Wall Street…

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Added by JRW on March 20, 2016 at 8:08pm — No Comments


Admin
Texas Supreme Court Sides with Mineral Owners

 

The long wait is finally over for the Hyder family, the Texas landowners who has been battling Chesapeake Energy for years.

Last week, the Texas Supreme Court upheld a lower court’s ruling to award at least $1 million in royalties, interest and attorney fees to the family. The state high court heard the case in March of 2015.

In 2010, property owners…

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Added by Elizabeth Alford on February 4, 2016 at 2:30pm — 3 Comments


Pro
My Producer Has Filed Bankruptcy - Now What?

MY PRODUCER HAS FILED BANKRUPTCY — NOW WHAT?

By: Wade Caldwell (gcaldwell@beclaw.com) and Zach Fanucchi (zfanucchi@beclaw.com)

As the dreaded packet arrives in the mail from a Bankruptcy Court, many mineral owners are being introduced to the third “B” of the oil business — Boom, Bust, Bankruptcy. This article is a quick primer for Texas mineral owners. It is not a legal treatise nor does it…

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Added by Wade Caldwell on January 27, 2016 at 1:23pm — 7 Comments


Pro
Protections for Land and Mineral Owners in Oil & Gas Downturn

With oil and gas prices continuing to remain low, the possibility and actuality of bankruptcy in the oil and gas industry continues to rise, or at a minimum, financial problems may plague operators with now limited capital trying to hand on.  As a landowner or mineral owner it is important to be proactive to protect your rights. 

In Bankruptcy

If you as a land or mineral owner receive a bankruptcy notice, pay attention and review the notice.  If you are owed back…

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Added by Jenna H. Keller on January 23, 2016 at 4:58am — No Comments


Admin
Recent Company Presentations

Following is a list of recent company presentations that provide details and analysis about their financial health and operational updates. Originally published at oilandgas360.com


January 17, 2016

EQT…

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Added by Elizabeth Alford on January 18, 2016 at 10:30am — No Comments

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