# A nice surprise I hope.. inherited land
**URL:** https://www.mineralrightsforum.com/t/a-nice-surprise-i-hope-inherited-land/9181
**Category:** Kingfisher County, OK
**Created:** [September 21, 2014, 12:44am UTC](https://www.mineralrightsforum.com/t/a-nice-surprise-i-hope-inherited-land/9181 "2014-09-21T00:44:49Z")
**Posts on this page:** 11
**Page:** 1
### Author:  [@Michelle1](https://www.mineralrightsforum.com/u/Michelle1)
#### Post date: [September 21, 2014, 12:44am UTC](https://www.mineralrightsforum.com/t/a-nice-surprise-i-hope-inherited-land/9181/1 "2014-09-21T00:44:49Z")
A few members of my family and I have been recently approached by Lowry to lease this land for $400 an acre for 3 yrs and 3/16 royalty. We are all new and unaware of everything pertaining to oil, gas, etc. The area is E2 NE/4 Section 19 Township 18N Range 06W.
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### Author:  [@Gail\_D\_McLemore](https://www.mineralrightsforum.com/u/Gail_D_McLemore)
#### Post date: [September 21, 2014, 3:14am UTC](https://www.mineralrightsforum.com/t/a-nice-surprise-i-hope-inherited-land/9181/2 "2014-09-21T03:14:35Z")
Hold off. They approached me for the same and told them no. Now they are coming back at 550 per acre.
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### Author:  [@Archie\_Smith](https://www.mineralrightsforum.com/u/Archie_Smith)
#### Post date: [September 21, 2014, 3:34am UTC](https://www.mineralrightsforum.com/t/a-nice-surprise-i-hope-inherited-land/9181/3 "2014-09-21T03:34:05Z")
Unless you have an immediate need for the cash, my suggestion would be to wait until someone actually wants to drill a well which would probably be indicated by your receipt of a “Pooling Notice.” My recent experience with mineral interests I have to the east of your location is that various operators file for spacing sufficient to drill a horizontal well with the OK Corporation Commission and pool the area. To maximize my value I like to go at least as far as the pooling application prior to accepting a lease offer. Do not be afraid of “forced pooling!” I took a fast look at the area and noted that there have been 10 wells in your Section with 2 wells still active and operated by Chesapeake probably producing small quantities of oil to retain their lease. This is indicative that there is oil still remaining in your location. A minimum of $750/acre with 3/16 is not an unreasonable expectation. A useful website recently provided to me by M Barnes at: [https://www4.oktax.onenet.net/GrossProduction/PublicSearchPUNbyLegal.php](https://www4.oktax.onenet.net/GrossProduction/PublicSearchPUNbyLegal.php) will provide you a lot of info using the legal description of your prop. Good Luck!
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### Author:  [@Ron\_McKenzie](https://www.mineralrightsforum.com/u/Ron_McKenzie)
#### Post date: [September 21, 2014, 12:34pm UTC](https://www.mineralrightsforum.com/t/a-nice-surprise-i-hope-inherited-land/9181/4 "2014-09-21T12:34:11Z")
Here is what they were ordered to pay in a pooling close to you.
[http://imaging.occeweb.com/AP/Orders/occ5034866.pdf](http://imaging.occeweb.com/AP/Orders/occ5034866.pdf)
There are several more poolings pending around you and they have started the paperwork for a well in your 19. I also found some leases that they gave 1/5 & 1/4 royalty which should show up in pending poolings. If you sign a lease and don’t wait for the pooling there will be some things you will need to take out and some things you will need to add. I think I would see what they offer in the pending poolings before I did anything.
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### Author:  [@Michelle1](https://www.mineralrightsforum.com/u/Michelle1)
#### Post date: [September 21, 2014, 1:03pm UTC](https://www.mineralrightsforum.com/t/a-nice-surprise-i-hope-inherited-land/9181/5 "2014-09-21T13:03:01Z")
None of us knew what was going on, my great grandparents had the land and we didn’t even have a clue. We were excited and taken aback we signed the lease. Now I wish we should have waited and researched more. What is pooling? Is it too late? And does everyone (all heirs) have to agree?
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### Author:  [@Archie\_Smith](https://www.mineralrightsforum.com/u/Archie_Smith)
#### Post date: [September 21, 2014, 9:58pm UTC](https://www.mineralrightsforum.com/t/a-nice-surprise-i-hope-inherited-land/9181/6 "2014-09-21T21:58:48Z")
Michelle said:
None of us knew what was going on, my great grandparents had the land and we didn’t even have a clue. We were excited and taken aback we signed the lease. Now I wish we should have waited and researched more. What is pooling? Is it too late? And does everyone (all heirs) have to agree?
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### Author:  [@Archie\_Smith](https://www.mineralrightsforum.com/u/Archie_Smith)
#### Post date: [September 21, 2014, 10:00pm UTC](https://www.mineralrightsforum.com/t/a-nice-surprise-i-hope-inherited-land/9181/7 "2014-09-21T22:00:03Z")
If you have signed the lease – you have probably let the horse out of the barn!
Michelle said:
None of us knew what was going on, my great grandparents had the land and we didn’t even have a clue. We were excited and taken aback we signed the lease. Now I wish we should have waited and researched more. What is pooling? Is it too late? And does everyone (all heirs) have to agree?
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### Author:  [@Michelle1](https://www.mineralrightsforum.com/u/Michelle1)
#### Post date: [September 21, 2014, 10:03pm UTC](https://www.mineralrightsforum.com/t/a-nice-surprise-i-hope-inherited-land/9181/8 "2014-09-21T22:03:59Z")
What about the past orders that were posted here? Too late for that too? Considering we were never approached with that.
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### Author:  [@Archie\_Smith](https://www.mineralrightsforum.com/u/Archie_Smith)
#### Post date: [September 21, 2014, 11:17pm UTC](https://www.mineralrightsforum.com/t/a-nice-surprise-i-hope-inherited-land/9181/9 "2014-09-21T23:17:24Z")
If your parcel was involved, you or the estate if known would have been contacted. The OK Corp Comm obligates the pooling applicant to seek out all owners of a particular parcel. If the pooling happens next door, you will not be contacted.
Michelle said:
What about the past orders that were posted here? Too late for that too? Considering we were never approached with that.
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### Author:  [@Michelle1](https://www.mineralrightsforum.com/u/Michelle1)
#### Post date: [September 24, 2014, 3:39am UTC](https://www.mineralrightsforum.com/t/a-nice-surprise-i-hope-inherited-land/9181/10 "2014-09-24T03:39:10Z")
So we just got word today that the land was sold in 1990. Then how in the world did they come about this land and my family. I guess I need to contact the county clerk’s office to see who really owns this land?
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [August 15, 2018, 12:17am UTC](https://www.mineralrightsforum.com/t/a-nice-surprise-i-hope-inherited-land/9181/11 "2018-08-15T00:17:28Z")