Please excuse me if I'm not doing this right. My father passed in 1970 and left my siblings and myself his mineral rights.
We leased in 1985 through Diamond Resources, Then in 2010 with 3 yr lease /contact person through them again. Now we are being persued by dif company who wants to buy our mineral rights. I tried looking on some info sites as far as drilling in our area of mineral rights. Looks like there is some action going on? I'd love some imput from you who know more. I guess I can sell part of my net aceres but first he said $3,000. and now he went up to $6,000. I kind of wonder if he is an independent contractor? He talks about getting an ok from his boss. This is all I have left of my Dad but we do have some added part of acres from my deceased aunt also, then there is another uncle who passed a long time ago too. We have not gotten his legal work done, but he never married and I know he had mineral rights like my Dad. So much to consider. God Bless you! Thanks so much. Kathy
Kathryn:
According to the GIS map, Continental Resources has a well in Sec 35 & 26 (well name: Selmer 1-35H); also appears Continental has a drilling permit for Sec 34&27 (well name: Michelsen 1-34H). That would be enough reason for someone wanting to purchase these minerals. If your minerals are located in Sec 35 & 26, you should be contacted by Continental. There are numerous companies who are in the business of purchasing mineral interests on both active and inactive mineral areas. This decision is totally up to you or your relatives but I have never elected to sell. You need to contact Continental in regards to this active well in your area. The file # for the Selmer 1-35H is 23070. Good luck.
Thanks Charles, I appreciate your help.
Charles, we have the SW 1/4 of section 26 and the NW 1/4 of section 35. Plus SE 1/4 of section 27 and the SE 1/4 of section 27. Plus E 1/2 and SW 1/4 of section 34.
So you are saying being the well is active we should be getting royalites on our lease?
Kathy
Kathy, Charles is absolutely right. Your well drilled from section 35 and passing through section 26 just north of 35 is a very nice well, maybe even a little better than I would expect in that area. 20 days in Oct for 11,990 barrels of oil, 11 days operation in Nov for 5,082 barrels oil. Only 11 days production because the operator put on a pump that isn't really necessary yet because pressure in the ground is pretty high. Dec production was 12,639 barrels oil for 27 days and 9,820 MCF [thousand cubic feet of gas] sold. My gas is selling for about $5 a MCF. Not a huge additional amount of money but I would take it anyway, better than just burning it.
Total production for the 58 days of actual operation 29,711 barrels oil. A good solid well.
Kathy, this is a good solid well. I think your buyer wants to buy it from you for about what you would receive in 3 years or less anyway from royalty. The buyer would then collect the checks for 20 or more years from this well as profit.
I think there is a very good chance that you will get at least one more well in this one spacing and that well would be pure profit to the buyer when it happens.
I can't predict when operators will start paying but they are supposed to pay 150 days after first sales. If your title is good and the operator pays late, they owe you interest. If you have patience you will be paid for not selling.
Kathy, simply put, I wouldn't sell. If you absolutely had to sell, I would only sell as much as I absolutely had to down to the 1/4 acre. Congratulations on your well.
Thank you for all the great info. I feel so green in all this. Mr. Kennedy. So this must mean the well is in the NW 1/4th of 35 too? Section 26/drilling passes through SW 1/4 too?
We have 26 SW 1/4 the 27 SE 1/4 the 34/ E 1/2 and SW 1/4 35 NW 1/4.
God Bless you! Kathy
r w kennedy said:
Kathy, Charles is absolutely right. Your well drilled from section 35 and passing through section 26 just north of 35 is a very nice well, maybe even a little better than I would expect in that area. 20 days in Oct for 11,990 barrels of oil, 11 days operation in Nov for 5,082 barrels oil. Only 11 days production because the operator put on a pump that isn't really necessary yet because pressure in the ground is pretty high. Dec production was 12,639 barrels oil for 27 days and 9,820 MCF [thousand cubic feet of gas] sold. My gas is selling for about $5 a MCF. Not a huge additional amount of money but I would take it anyway, better than just burning it.
Total production for the 58 days of actual operation 29,711 barrels oil. A good solid well.
Kathy, this is a good solid well. I think your buyer wants to buy it from you for about what you would receive in 3 years or less anyway from royalty. The buyer would then collect the checks for 20 or more years from this well as profit.
I think there is a very good chance that you will get at least one more well in this one spacing and that well would be pure profit to the buyer when it happens.
I can't predict when operators will start paying but they are supposed to pay 150 days after first sales. If your title is good and the operator pays late, they owe you interest. If you have patience you will be paid for not selling.
Kathy, simply put, I wouldn't sell. If you absolutely had to sell, I would only sell as much as I absolutely had to down to the 1/4 acre. Congratulations on your well.
Kathy, the well spacing is two sections 1280 acres and everyone who has a single acre anywhere in section of 35 or 26, no matter where situate will be paid equal royalty for that acre as if it was directly under the wellhead. It does not matter where the acre is in the two section spacing. I hope this helps.
oh Wow! You are a great help! That is beautiful to hear. I shared what you had told me with my borther an sister. I made a call to Continetal today, but did not get a phone call back yet. I appreciate your help. kathy
r w kennedy said:
Kathy, the well spacing is two sections 1280 acres and everyone who has a single acre anywhere in section of 35 or 26, no matter where situate will be paid equal royalty for that acre as if it was directly under the wellhead. It does not matter where the acre is in the two section spacing. I hope this helps.
RW, I just spoke with Continental in OK. The guy said he sees a permit in section 34. He didn't see the one in 35 at first. Then I gave him the file number you gave me. He them found it, he then asked if we are being paid yet. I said not, that is why I'm calling to find out the next step for myself and my siblings. He then passed me over to another lady who I left a message for. I had to tell the guy it's an active well in 35 and that barrels were take in Oct, Nov and Dec. Would he be playing dumb? I really appreciate your help in this. God Bless! Kathy Rossi
Kathryn Ann Rossi said:
oh Wow! You are a great help! That is beautiful to hear. I shared what you had told me with my borther an sister. I made a call to Continetal today, but did not get a phone call back yet. I appreciate your help. kathy
r w kennedy said:
Kathy, the well spacing is two sections 1280 acres and everyone who has a single acre anywhere in section of 35 or 26, no matter where situate will be paid equal royalty for that acre as if it was directly under the wellhead. It does not matter where the acre is in the two section spacing. I hope this helps.
Kathy, they can play dumb sometimes. Sometimes they don't intend to pay for a few extra months after they start selling oil. By law if the operator pays late, more than 150 days after first sales and you have marketable title, the operator is supposed to pay you interest automatically. In practice, people frequently have to ask for it. Most people don't know that little tidbit and to the operator a dollar they didn't pay out is a dollar earned. 9-18-2012 was the date of approval of first sales. If you need to know this, I hope it helps, but hopefully you won't need to know.
RW, thanks so much. So would my two siblings and I be paid the same amount or would it be split by thirds? I don't even know what the royaly amount is on a barrel of oil. Kathy
r w kennedy said:
Kathy, they can play dumb sometimes. Sometimes they don't intend to pay for a few extra months after they start selling oil. By law if the operator pays late, more than 150 days after first sales and you have marketable title, the operator is supposed to pay you interest automatically. In practice, people frequently have to ask for it. Most people don't know that little tidbit and to the operator a dollar they didn't pay out is a dollar earned. 9-18-2012 was the date of approval of first sales. If you need to know this, I hope it helps, but hopefully you won't need to know.
It depends upon the lease, look at the Oil and Gas lease for the royalty amount.
I will do that! Thanks. kathy
Pete Wrench said:
It depends upon the lease, look at the Oil and Gas lease for the royalty amount.
It's usually in Paragraph 3 of a standard form, after the legal description and term.
Kathryn Ann Rossi said:
I will do that! Thanks. kathy
Pete Wrench said:
It depends upon the lease, look at the Oil and Gas lease for the royalty amount.
Hi Kathryn, My name is Patricia Jones and I just joined the mineralweb forum. We may be related. I have mineral acre interests in all the exact same sections and quadrants you have. My great uncle, Matt Brock, owned these sections and when he died in 1958 the administrator of his estate sold these sections but kept 1/2 of the mineral rights. The other 1/2 went to the (something) Land Bank. So it really sounds like we may be related - how interesting that would be! Are you in the Brock downline of heirs? Write back soon if you can. I'm excited to hear from you and since we are going through the same experience with Continental Resources, we can be of great help to each other. I sent r w kennedy a Friend request on mineral web because he is so full of knowledge and communicates his knowledge so well and is so willing to help. I hope to hear from him soon too. Patty
Hi Patty! Yes, I have the Brock name in old title papers or title deeds. My Dad's name was Carl Martin Tonder. I think he was named after One of the Brock family. I know when I was very small we use to visit a pig farm in Northfield MN,. I know It was a Brock Farm being parents talked about it. We will have to compare notes on all our Continental adventures. My cell is 651-239-5717 I'm in MN.
Patricia Jones said:
Hi Kathryn, My name is Patricia Jones and I just joined the mineralweb forum. We may be related. I have mineral acre interests in all the exact same sections and quadrants you have. My great uncle, Matt Brock, owned these sections and when he died in 1958 the administrator of his estate sold these sections but kept 1/2 of the mineral rights. The other 1/2 went to the (something) Land Bank. So it really sounds like we may be related - how interesting that would be! Are you in the Brock downline of heirs? Write back soon if you can. I'm excited to hear from you and since we are going through the same experience with Continental Resources, we can be of great help to each other. I sent r w kennedy a Friend request on mineral web because he is so full of knowledge and communicates his knowledge so well and is so willing to help. I hope to hear from him soon too. Patty
Oh wow Kathryn - this is so great being in touch with you! I knew your family when I was young, in fact I was especially close to Dagmar and Pete who lived close to my family in southern California. Your father and his siblings were my mother's first cousins. Dagmar was my piano teacher for 5 years, once a week, and we were very close. Pete lived with her on No. Autry Ave. in Lakewood, CA. This is so exciting!!! Neither Dagmar nor Pete married or had children so their mineral interests should have passed on to your dad Carl or your uncle Roy and if either of them pre-deceased Dagmar or Pete, then the interests should have passed on to their children, which includes you. Also, you and I have even more unaccounted for interests that I'm trying to figure out how to reconcile our way (hope it's not too late). When our great-uncle Matt died and his siblings inherited the mineral interests, one of his siblings, Carl Brock, had already died and his 45/1120ths was "retained by the Administrator" and I don't know why it wasn't distributed amongst the surviving siblings. Also when Matt's brother Anton Brock died in 1969, he had no heirs and my mother received a Final Accounting of his estate and his mineral interests passed to everyone via his will but nothing was ever recorded and what Continental is now paying us for does not include the mineral interests we all inherited from Anton. There may even be more than this that should have ended up with some of us - I don't know - but I do know what I just told you about. Now that we have met and have the same goal of trying to discover what rightfully should have passed on to us, we can compare notes and perhaps start to do whatever we need to legally do to accomplish that. I am the only child of Martha Jones who was the daughter of Christine Brock who was Matt's sister. I am in the family line that got 6.428/1120ths!!! What was your dad's "Brock" parent's first name? I know about Anton, Annie, Mathilda, Martin, Hans, Carl and Christine and the only one whose name I can't remember is your dad's "Brock" parent. I live in Gold River, California which is a suburb of Sacramento and am 58 years old. I am married but I don't have any children. I am an Information Systems Analyst for the State of California. What about you? Tell me about yourself. Let's keep in touch and work together to try to pull together any other interests that are out there in our family that went somewhere other than to the rightful family members, if it's not too late, that is. Kathryn, this is such a special blessing to meet you! God bless you and I'll talk to you again soon. Patty
Patty, I'm really glad we are connecting too! So many things. You sound like me! Out of my sister/MaryEllen,and my brother Jerrry, I'm the one who is researching for more on this. My brother and his wife did take a drive out to our sections nin ND a couple years ago. First time we did a lease was in 1985 for 5 yrs with Diamond Resources which is somehow parl of Continental resources. Then in2010 we leased to Continental for 3 years and this is our 3rd yr of course. Then in DEcember/12 we got a call fromguy with Continetal ties. He said Dagmars had a small lease for the part we owned. So we just got a check for $510.00 in Feb this year. Then we had a broker try to have us sell our mineral rights in Feb this year too! Did not do it though. This is all I have left of course of my Dad. Patty, there is mineral rights on Uncle Pete. I know someone called me after we did the lease in 2010 and said there are mineral rights from Pete along with our Dad's. I told the guy we don't have the records on Pete and we just had signed the lease with Continental resources for our Dad's part knowing it would take too long to get hold of all heirs of Dagmars interests. So thay lease should have been around $3500. for each of us 3 kids. Then my brother got inpatent waiting for the guy to find all the heirs for Dagmar he had the guy just pay us on my dad;s portion. So it wasn't as much$.
Patty, I don't knowid you douns LWYER FOR THE WORK WE NEED TO DO?? I work as an agent with Harvard Risk Management who is the broker for Legalshield. See this link to explain. http://www.seeyourlegalplan.com/kathyrossi I have the Legalshield which gives you access to many specialty Lawyers in the US. In fact I used the CAifornia one last year. Patty, the firm for MN Legalshield is Wagner Falk and Judd in Mpls. They are also the Legalshield Lawyers for ND, So having this plan I can call the appointed firm anytime and they will get back to me with in 3-6 hours. So cool! They have attorneys that specialize in Mineral Rights too! I'm waiting for my letter from Tanya at Continental My address changed so it didn't get to me the first time. When I get the letter like you and my sister and brother did, then my attorney at Wagner Falk and judd will review it and give me advice. Tanya said being he is or the firm is the ND attorneys, that he could write up the letter for us three kids. But, being my sister and brother don't have the policy plan with legalshield they probably can't talk with Wagner Falk and Judd. Just me. So the letter probably will just cover me. The plan is only $17. a month for just legal end of the plan and no contracts. Just month to month. People keep it for years so they haven't had to do contracts. People like the ease of having the service and asking detailed important stuff and also little matters too! So it would be up to you! You can sign up on my link if you would like. Just got to the CA part and scroll down to the Legalplan. Takes about7 minutes to fill out. Enough said, I get talking about the great plan and can't stop. Sorry. Patty there is so much we can help each other with. The Lord is so good! I believe he is behind our connection today! Love ya and God Bless! Kathy
Patricia Jones said:
Oh wow Kathryn - this is so great being in touch with you! I knew your family when I was young, in fact I was especially close to Dagmar and Pete who lived close to my family in southern California. Your father and his siblings were my mother's first cousins. Dagmar was my piano teacher for 5 years, once a week, and we were very close. Pete lived with her on No. Autry Ave. in Lakewood, CA. This is so exciting!!! Neither Dagmar nor Pete married or had children so their mineral interests should have passed on to your dad Carl or your uncle Roy and if either of them pre-deceased Dagmar or Pete, then the interests should have passed on to their children, which includes you. Also, you and I have even more unaccounted for interests that I'm trying to figure out how to reconcile our way (hope it's not too late). When our great-uncle Matt died and his siblings inherited the mineral interests, one of his siblings, Carl Brock, had already died and his 45/1120ths was "retained by the Administrator" and I don't know why it wasn't distributed amongst the surviving siblings. Also when Matt's brother Anton Brock died in 1969, he had no heirs and my mother received a Final Accounting of his estate and his mineral interests passed to everyone via his will but nothing was ever recorded and what Continental is now paying us for does not include the mineral interests we all inherited from Anton. There may even be more than this that should have ended up with some of us - I don't know - but I do know what I just told you about. Now that we have met and have the same goal of trying to discover what rightfully should have passed on to us, we can compare notes and perhaps start to do whatever we need to legally do to accomplish that. I am the only child of Martha Jones who was the daughter of Christine Brock who was Matt's sister. I am in the family line that got 6.428/1120ths!!! What was your dad's "Brock" parent's first name? I know about Anton, Annie, Mathilda, Martin, Hans, Carl and Christine and the only one whose name I can't remember is your dad's "Brock" parent. I live in Gold River, California which is a suburb of Sacramento and am 58 years old. I am married but I don't have any children. I am an Information Systems Analyst for the State of California. What about you? Tell me about yourself. Let's keep in touch and work together to try to pull together any other interests that are out there in our family that went somewhere other than to the rightful family members, if it's not too late, that is. Kathryn, this is such a special blessing to meet you! God bless you and I'll talk to you again soon. Patty