I recently signed a ratification on my interest. They also sent me a w-9 to sign. I had a lawyer say that, with Petrohawk/Geosource sending this w-9, it meant that the well was probably already drilled and that we should be receiving a check soon. We have not heard anything else. We did not even get a survey showing where the well is being drilled. I feel totally in the dark with this stuff. Supposedly when we purchased the minerals there was a large pool. The ratification put me in another pool. How do I know if the wells I see on the RRC site are connected to my mineral rights? And if I am pooled in? Thanks in advance for anyone’s help.
When the division order comes in, you will know more. There is nothing to prohibit you from talking to the land department, or you can visit the RRC website to get all kinds of interesting information, such as a P-12 form (Pooling Certificate). Bit surprised that your lawyer let you sign a ratification without knowing any implications. Is your attorney board certified in Oil and Gas Law?
You did not say what your NPRI was, on how many acres, the dollars may be significant or not depending on what you have. It is my understanding that with NPRI you have no executive rights and that you must sign that ratification eventhough your signature only means that you are aware of the the fact that you will be receiving money. I am sure there are others more knowledgeable than I who will step up and really explain in depth.
Buddy I’m not sure. It was my ex-husband’s and I took his word for it. Shame on me. But thank you both for your information. I probably need to sit back and see what is going on oncei have division orders. I am obviously not a very patient person. Thanks again