Hi! I’ve recently become the managing member of our LLC due to the owner’s mental incapacity. I am a clinical psychologist and new to mineral rights ownership. I’m pouring through a ridiculous amount of mail and have noticed repetitive mail coming in from an attorney regarding a motion to extend a multi unit horizontal well for a period of one year to allow them to commence additional drilling operations. My question here is, what is my responsibility in terms of responding? Thanks in advance.
Welcome to the forum. I am assuming this is OK. You do not have to answer that case. Just information that they are required to give you. It is helpful if you put the cases in numeric order and then by date order. The only case you REALLY have to watch out for is a pooling case. Once the order is given, you only have 20 calendar days in which to answer or you will be assigned the lowest royalty option.
Read the Mineral Help above for a good primer. Also check out NARO, the National Association of Royalty Owners. www.naro-us.org
If you have specific questions, then post in the state and county and you will find the forum generally quite helpful. You can also use the search magnifying glass to look up topics.