New Mineral Owner

My mom’s mineral rights in ND were quick deeded to my sister and I before she died a month ago. There is 1 well that has been producing for the last 5 years (not that great now) that she has been getting paid on. Are we automatically bound by her agreement she had or does the oil company have to release with us? and can we negotiate a new % and upfront money? We have 320 acres between us and all the right are being held up because of this 1 low producing well.

An oil and gas lease is a contract that has a primary term (generally 3 years) during which the oil company can drill to establish production. Once production starts, the lease will continue until the cessation of production from the well(s).

You are held by the original lease until there is no more production. Lots of us are stuck with old leases.