Were you forced pooled for the Brody well or did you have a lease?
For what it is worth, every thing I know about this business I learned the hard way. Beware of the envelope draft. This is not a check, but something one takes to the bank, and they send it out for collection. Then, the oil company pays the funds to the bank, but they only do it when all of the interested parties have returned their envelopes. The oil companies does this at their own sweet time. We did this process for years, but the last envelope draft I received, I took to the bank. But the little lady that always took care of it for me had retired. The person working that desk then was a high school girl that worked part time. She sent the draft to the bank’s collection department. After months, I finally asked the bank where my money was. Turns out, the bank still had the draft because they didn’t know what to do with it. They couldn’t figure out how much money I owed the bank. I didn’t own them anything. Demand a check!
Mr. Gill - Thank you for sharing that information! I thought the ONLY WAY it worked was the envelope draft - so I was expecting another month or more of fiddling around… If Fillmore sends anything but a check, I will tell them it isn’t acceptable! Thank you, again!
Mr. Pfisch - Just wanted to let you know that the Forum Administrator sent me a nice note saying: “When issues come up regarding specific people that could play into legal type matters, the names of parties are not to be included here. A productive conversation surrounding such things can be had without using specific names. Please note this going forward. This helps keep this site from becoming unduly cumbersome to administer. Thank you. MRF Administration…” So he “EDITED” my post…which was ok… Now I know…
Administering forums is not easy, neither is avoiding delving to the realm of legal advice. Sometimes the border between business advice and legal advice is not a bright line. I only raise the issue because Texas has gone after landmen for “practicing law.”
IMHO, the business advice on this forum is top notch for the most part.
I have a lease.The lease is dated 30th day of April 2018.Also ther is a part in this lease that I noticed after I signed it,my fault I know but it reads,It is the intent of the Lessor to lease,and Lessor does hereby grant,demise,lease and let unto Lessee,all oil,gas and other minerals owned by Lessor in Section 20 Township 7 North,Range 3W,McClain County Oklahoma whether or not properly and completely described herein.After this I am now thinking that when a well is drilled all the money due will be paid to Fillmore and not me.Can you answer this for me.I hope I am wrong and if not I cant believe that a company would do that to some one.Thanks,David.
No I did not sign a draft payment of the lease.I just signed a standard lease that does not mention when I will be paid.That was a conversation with the landman who said I would be paid by bank draft within 40 days.
Mr. Pfisch - I hope I did not offend you. I just wanted you to know why I did not do as you suggested. Actually, I did, but the Administrator edited the post. I have the highest regard for you and the other wonderful people on the Forum who help people like me. I hope you will continue to assist me… I, too, believe the business advice on this forum is top notch! I truly appreciate your advice…
For those who have had bad experiences with Landmen- try asking if they are a member of AAPL first. There is a very high code of ethics within the AAPL and you can contact them if you have been done wrong by a member. Landmen can also apply and test for the RL, RPL, and CPL. These require extensive knowledge and testing as well as references. More and more land brokerage companies are requiring that their landmen be members of the AAPL and this a GOOD thing! Ethical landmen, like myself, take the AAPL Code of Ethics very seriously. If you feel like you have been treated unfairly by a landman associated with the AAPL, then you can contact them and file a grievance. They will review the issue and may strip the landman of membership, thus making it harder for them to find employment with a good land brokerage.
Courtney Childress, RPL Landman
No offense was perceived or taken. I believe in the free exchange of ideas as a way to learn both directions.
Yes, and that is good advice to the inexperienced.
Thank you for checking to see if the lease was filed and, also, for your information!
I checked the records at the URL you supplied just to understand a little more about the website. I saw where my and my sister’s leases for Section 14, T7N, R3W had been filed. Both our leases, dated July 17, 2018, were from us (as Lessors) to Fillmore Energy Resources, LLC, as Lessee. They were filed on 8/16/2018. The item that caught my eye was a lease (for the same minerals) from David W. McGee, Lessor, to Fillmore Energy Resources, LLc, Lessee,that was filed on the same day, but the lease has been changed and was dated July 19, 2018. I don’t understand. I don’t know how Mr. McGee can lease something that isn’t in his name??? What did they do? Can you explain this to me? Thank you…
Most likely, if you look at your deed or probate documents you have some percentage of your described minerals. Something like 40/160ths NW4 14-7N-3W of 160 gross acres or something similar. The lease will only have the word description, but not the fractional part. Over time, the original 160 acres have been split up by being passed down by generations and generations. The whole 640 acres can now have hundreds of owners. Everyone who leases or is pooled will add up to the original 640 acres (or the Division Order title opinion will find the errors).
Thank you! That makes sense… Makes one think that Fillmore is possibly tying up leases in that area… Teddie
You have a fractional undivided interest (i.e., a certain number of net mineral acres-say 40 nma) in a tract (the gross acres-say 160 acres). That would mean you own 1/4th of the minerals under the 160. It is rare for one owner, or even one family, to own 100% of the minerals under a tract.
To better understand Google “fractionalization of minerals in Oklahoma”, or look at:
Thank you! Makes perfect sense… don’t know why I didn’t figure that out! Teddie