Concerning Avondale Heights #1, #2, UT#7, UT#8, UT#9, #6, #3, UT#4H, UT#5 NW, UT#11, UT#10, UT#18
RRC# 190034, 193573, 198592, 198596, 198599, 199924, 209702, 213448, 215341, 236603, 240899, 249285
2/6/2007 We closed and moved into our home. At the time, not aware if we had mineral rights or not. Previous owner of home was forclosed on. We bought our house from HUD.
12/9/2008 Received a certified lease in the mail from Devon notifing us that we have a 50% mineral interest in our land. We contacted our mortgage co and requested a consent of leinholder. Repeatedly called and they never sent it. We dropped the ball and did not pursue.
2010 Received tax bills from Tarrant County Appraisal District (TAD) and Denton County. (Taxes split between the 2 counties.) I called TAD and asked what was going on. TAD informed me that the previous owner of the house had stopped paying the taxes on the mineral rights and they contacted Devon to find out who the owner was. TAD gave me the number to Devon's Division Order Division.
8/30/2010 First time to get in touch with Devon.
9/3/2010 Contact Jan Sherrod called me. She was going on vacation and would call me week of 13th.
9/15/2010 Got a letter from mortgage company with a list of items they need before they would give the go ahead for the lease.
9/27/2010 I left Jan a message and she called me back.
Off and on from that point I kept getting the run around. I would leave many messages for her and she would not call me back.
5/20/2010 Got a new lease in the mail.
Prior owner was paying taxes on mineral rights. Jan at Devon said he was still calling trying to collect checks. She said Devon was holding the money and it would be paid to us once we sign the lease. Now she and the landman are passing me back and forth saying we don't get the money. She said it was because the prior owner was forclosed on and then she turned around and said it was because we didn't have a lease.
The lease offered is for $500 an acre. We have 3.529 and own 50%. 1/4th plus production costs. I know we need to not pay production costs.
What I want to know is......
1. Are we entitled to the back royalties?
2. The bonus is not mentioned in the lease. Is it supposed to be?
3. What happens if we don't sign? Do they NEED us to sign?
4. Why do you think they are taking so long and giving us the run around?
Thank you for looking over all this. I appreciate any comment you might have. Please, let me know what questions you have or what I can clear up.