Did the oil company file my lease

Oil and Gas Leasing Help
1

How do I find out if the company that has leased my mineral rights has filed them with the county?

Caddo, 17 10N 9W Talked to County Clerk and she has no record of our lease being filed. Why would they hold off on filing?

Thanks for any info!

3

Some groups wait to file strategically. Others are just slow. You can call your agent and see if he/she knows. Hopefully you were paid. If you get a pooling notice, then you probably should answer it in the 20 days and choose which royalty you want. Add a line in that you signed a lease with XXX company and if the lease is not filed in a timely fashion then you want the pooling order to override it. (Not giving legal advice-just timing advice so you get something in writing before you are assigned the lowest pooling royalty if the lease is not filed). One of the OK lawyers can comment if that will protect you.

1 Like
4

Thank you Martha! (again) I did get paid. My nieces and nephew’s contracts were rescinded as the company did not feel the title was secured. Will they be contacted if pooling occurs? They own less than 2 nma each. I am considering buying them out but not sure how much is involved in settling the titles. Are oil companies committed to paying royalties to rights still attributed to an “estate”? If so, where do those funds accumulate?

I know these are probably dumb questions, please bear with me.

6

It’s common, and usually not a cause for panic. Here’s why landmen wait:

  • The “Batch” Method: Landmen often wait until they have signed 20 or 30 neighbors before driving to the courthouse in Anadarko to file them all at once to save on filing fees and travel.

  • Protection from Competition: If they file your lease immediately, other companies (competitors) can see exactly what they paid you and where they are focusing. They often wait until they have the whole area “locked up” before showing their hand.

  • Title Curative: They might be waiting to confirm your “heirship” or clear up an old mortgage before they officially record the document.

Call the Landman or courthouse all good I’m sure.