Locating Deeds and Understanding Pooling Proposals

On the 33-7N-7W, you can just go with pooling if you want to keep thing simple and not hire an attorney.
Here is an example of a pooling response. Fill in the red parts and turn them black. Send by certified mail within the 20 calendar days of the order date. 0_Pooling order response 2024.docx (13.4 KB)

1-8N-9W- this sounds like a leasing letter. They have offered 3/16ths. I always ask what they are offering for 1/5th and 1/4th as I would rather have a higher royalty. The bonus will be less, but the royalties from a successful well or wells over many years will be far higher than a one time bonus for a lower royalty. You may get offers from more than one broker in this area. Continental is already drilling three mile laterals in the township. You can either lease or pool here as well when the time comes. The draft lease that will be offered needs some good attorney edits as it is not generally in the mineral owner’s favor. Post production costs are the big ticket item that you do not want to pay for.

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