Sandra, I agree w/Linda, and the best part is I think an offer that big says alot about plans for that area that we, as owners, don’t even know about, yet. Hang on and best of luck.
Sandra,
If you are considering selling, don’t take a cold call offer. Market the minerals to maximize their potential.
It can be time consuming (and expensive) to try to correctly document correct information. I have been attempting to document a 100 or so tracts the last few years. I’ve had to pick and choose as time allows and rank them in importance. In several areas I have added notes of something I thought was suspect with intentions of going back and looking a bit closer. Some companies and/or landmen are willing to share some of the information when there is a discrepancy. Many will have available the book and page numbers of the documents that lead to their determination of your ownership.
As you gain experience, it will become easier to decipher the legal descriptions.
Rick, I guess the good news is this is not a huge one in terms of acres. If this is the only one CR doesn’t get right I’ll be a happy camper. The way you broke it down helps me a great deal and now I understand a little more. In this example I see how they could make a mistake. On some of the others, not so much! Thanks again
This is a site that someone in Mineral Forum turned me onto which has been very helpful in figuring out our mineral records. Pick the LSR choice, state, county and Township and Range. Pick Master Title Plat. It shows the acreage if the sections are not a clean 640 (on the north and west), often shows the shapes of old land grants (especially in ND). You can get a .pdf and save it for your records.
http://www.glorecords.blm.gov/search/default.aspx
Where we have acreage in two sections, we get separate leases (even if it is part of the same tract.) Makes the bookkeeping a little more, but handy for separating out the DO if the percentages are not equal.
Jennifer,
Don’t be surprised if CR does not come up with the same acreage you are showing. Based on the errors you have found and the way that one is written, there is a good chance there are more.
Thanks for the info everyone. Rick - I am not going to sell. I just wanted to know if the offer means that they have big plans for the area- as Vicki said. I will keep my fingers crossed and see what happens.
Thanks again!
33-2N-3W maybe?
Ron, great minds think alike!
I think it is 7-2N-2W, I am so excited to have the help! Thanks guys! (Garvin County, Elmore City)
Hi, I am new to the forum. My sister and I have inherited mineral rights from our family, The Williams and McConnell family in Garvin County. We have two current leases. How do we go about finding out what activity is taking place. Also we got notification of a forced pooling, what does this mean? Any help would be greatly appreciated!
Dana What tracts are you under , section ,township & range , ?-?n-?w. If they sent you notice of a pooling you may not be leased , which is not a bad thing. If you will give me the tracts I’ll see what I can find .
Dana, Was wondering what company is trying to force pool and what companies you think you are already leased to???
While the other guys are working on finding out if anything is going on in your sections I’ll tell you that force pooling is a way the oil companies have of rounding up the “stragglers” that either haven’t signed and returned a lease for their royalty or the ones they haven’t be able to find whether from their moving and the address not being the same on their recorded deeds or if you inheired royalty and their not having your address in the courthouse or any number of other reasons. If you are being force pooled it means they are probably planning to drill on your royalty in the near future. To force pool you I believe they have to have a hearing (which is what you probably got the notice for) and the court decides what the amount is that they must offer you for your royalty (to lease it to them) and also what percentage they must offer you like so n so $$$$ for 1/8, or $$$ for 3/16, or $$ for 1/5 or no $'s for 1/4. These amounts are usually more than the company has offer the others that have already leased to them or someone else and I believe the guys said on here the lease is just for one year so they would have to drill within that year. We’ve been advising others to select the option for at least 3/16 and in the area Continental is calling the SCOOP and Newfield is calling the “SWEET SPOT” of the south cana woodford shale many advise to ask for at least 1/5th with a bonus and some say go for the 1/4 option but you probably won’t get a bonus up front with that one. It depends on whether you need the bonus money up front or whether you are willing to take a chance as to if they will go through with the drilling or not. If you take the option with no bonus you stand to make more money in the long run but if they decide not to drill for some reason you would be left with nothing. If you are in the SCOOP your chances of getting a well are much better than in many places.
I’ll send you a couple of links and maybe you can tell if you are in these areas. I hope this helps. Best Wishes! (I’ll send the links in the next post so I don’t accidently errase this one while hunting it.)
Linda, thank you very much, that info is very helpful. When I get home I will take a look at the paper work that my sister and I received. I will get back with you!
Rick H…What are you and Ron saying~ that there is a multi section well which goes through 7 and 18 or that’s what it says Dana owns or ???
Ron,
I didn’t know you were looking at it. I saw what you are talking about.
It is a pretty scary looking description
NE 1/4 Section 7-2N-W
E 1/2 - SW 1/4 Section 18-2N-2w
E 1/2 - NE 1/4 Section 7-2N-2W
Section 18- W2N-2W 50 acres MOL
Section 18 1/3 SE 1/3 SE 1/3 SE 130 acres MOL
___________________
I’m not sure how the 1/3 SEs come into play, The “W” in front of the 2N appears to be a typo.
It also appears that one of the recipients of the transfer was the notary.
Dana, if you could furnish the location of your leases ie. section, township and range I can look them up on the OCC website. Normally the forced pooling only goes to those who are not leased. Could one or both of your leases expired? Either way don’t worry forced pooling is not a bad thing.
You got that right.
Dana What are we looking for in 7-2n-2w, and under what name ? Where was the notice of pooling ?
Hi Ron, I will need to get more info to you. I will do that as soon as possible and post on this discussion. (We inherited the mineral rights from our dad Adrian Dale Williams) We also may have some rights from the McConnell’s in garvin county that we are not sure of yet. My main interest is to find out what type of production is going on if any at this time. Thanks!