Capitan has State Mike in operation. Do you know if they have drilled any additional wells, or plan to? Thanks!
There are 16 permitted drill sites on those parcels of land you describe that I know of. All are going to be horizontal wells. The permits have all been
approved and drilling should begin before the end of the year. Iād hold on to my mineral rights, if I were you, Sherry.
near Verhalen
Hi Sherry!
Nothing to report or distribute for 36 years sounds highly unusual to me. Is the Trustee paying themselves or something?
If you will tell me what Sections you are in, I will look up what is happening in your area. The more detailed the legal descriptions the better.
If you want to share that information more privately, invite me (click on my name above) to become A Friend on The Forum and you can send them to me that way.
If you dissolve the trust, you will each then own your undivided interest in the minerals (and surface, if you own that). If any of you wants to then sell your mineral interests you can do so. But that will not effect the mineral interests owned by anyone else.
No one will be able to sell your share of the minerals except for you.
Hope this helps -
Charles Emery Tooke III
Certified Professional Landman
Fort Worth, Texas
Sherry,
We need exact locations to be able to tell you.
And as far as no payment in 36 years, I agree with Charles, that sounds veryyy unusual, especially with how active reeves is.
Do you have any information on the last time it was leased? Maybe being possibly held by an old lease?
I added you as a friend, feel free to accept and comment/message with any questions!
Sherry, You should demand an accounting from the trustee of the assets and related revenues and expenses for the 36 years, including tax returns. Do you have a copy of the trust document? You should also get copies of the deeds which assigned the minerals into the trust and so you can see if there were sales or distributions of assets. You can search the deed records for any leases or sales. Do not sign any documents presented by the trustee without an accounting. The distributions will be according to the terms of the trust. Each beneficiary can then assign in whole or in part to others.
I visited briefly this morning around Pecos and saw lots of pumps inactive. Many did not have the horse head which may mean under construction. But there were a lot with horse head not pumping. Also saw a new type with a towerā¦ not pumping also.
Steveā¦
Pumpjacks with the head off are indeed awaiting a workover rig to run
tubing, anchors/packers, and a production string of tubing, then rods and a rod pump before it will produce. A crew has to balance the pumpjack to offset the weight of the moving rods for it to pump.
The pumpjacks you see that are complete but not pumping are on
a pumpoff controller/timer that allows the well time to rest and the fluid level in the well bore to build back up for the next timed interval of pumping. Most pumping wells cycle on and off depending on the most efficient pumping plan.
near Verhalen
Hi, I own 20 acres in reeves co.for over 12 yrs.now now .E 1/4 of the NE 1/4 OF the NE 1/4 Section 14,block 17. How do I go about finding out if I do indeed own the mineral rights to my land. Also how do I go about getting a survey of my land and have it staked out so I can see where it BEGINS AND ENDSā¦THANK you William sweeney
William ā in addition to looking at your deed to see if minerals were included, you (or your agent, attorney, etc) will have to do a search to find out if the seller had any minerals to sell. If he, or an earlier party, sold the minerals (except for mineral classified when the State owns the minerals), there would be no transfer to you, no matter what the deed might say. The seller canāt sell you something he doesnāt own.
William, how did you end up receiving this potential 20 acres? if you purchased it you should refer to the deed you signed 12 years ago and it should state if this was strictly land or land and minerals. If you donāt have it handy you could search the public records. as far as surveying you land, you can pay for a land surveyor to come out, or you can a GIS map viewer to get a fair idea of what the acreage looks like
Indicates that you do not own 100% of the minerals and that there is an unleased fractional mineral owner in the same 80 acres.
Yes. Lease was signed Jan 2015.
I suggest you call COG and ask them what the deal is. You do not want to be carried as an unleased interest.
Is anyone familiar with P-12 forms and know why my Tract would be checked as unleased?
Odd. Since we first received this, nothing has ever been stated or lead us to believe we do not own 100% of the minerals. Is there anywhere online that would show a breakdown of the percentage were entitled?
Kyle Huston -
Did you sign a lease?
The lease is filed of record. COG took at least 50 leases on 160 acres, which may or may not all be in NW/4. For quick calculation of your NMA in the 160 acres, take the total bonus paid and divide by the bonus per acre. Suppose grantor received $16,000 and bonus was $100 per acre, then he owns 160 acres. If he received $16,000 and bonus was $500 per acre, then he owns 32 acres.
Kyle - have they commenced operations on the property?
My mineral lease will expire in December 2017. Iām on block 4, Tract 68, AB 1154, Sec 68 H&GNTR 29.660 nma. Does anybody know the going rate per acre in this area considered Pecos east?
Colgate Operating recently filed 2 permits for horizontal wells in Section 68, Block 4, Abstract 1154. Shadrach 68 Unit 1H, API 42-389-36298, was filed August 22 and approved Sept 1. Fiery Furnace 68 Unit 2H, Permit 08-830595, was filed on Sept 1. You can look at the plats and other information on RRC website to see which well will include your tract, or if it is divided between the 2 wells.