Unleased NEMI under a producing drillsite tract

John Goode · 2014-06-13T22:51:28Z

I am a landman who has been tasked with ratifying a NEMI non-executive mineral owner (not an NPRI) who owns minerals under a producing drillsite tract in a frac unit. I have read that owners of NPRIs can take the entire royalty if they are approached to ratify after the well has been drilled. What is the worst-case scenario for the oil company if the owner of the NEMI in this producing drillsite tract refuses to sign and lawyers up? This was an oversight by the oil company, by the way. Thanks for your help.

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