"Prescription can be a double edge sword. In a region being relatively wildcat in nature with less drilling activity past or present one feels comfortable running title back ten years to determine the current mineral ownership especially if the…"
"I realize the poster us "Cheap Shot" as his pen name rather than reveal his or her true identity. I don't understand how any name used bears relevance of the "basics" I gave to explain that interruption of prescription…"
You are correct, however, one cannot expect landmen or lawyers that may have a conflict of interest (actual or possible) to comment on any specific area in which they may have work or have worked. Whether fortunate or not, I did…"
You would want to contact the operator of the well/unit in which your property has been pooled or unitized and inform them of your ownership interest in the well(s) and unit(s). If they have done their homework, they should…"
I totally agree with both of your statements, and your illustration that the response to your post above is off-point (besides being dated well before the Mineral Code, and being informed based on prior law and Acts of…"
Based upon your post, you are an unleased mineral owner owning property in LA. In Louisiana, royalty is created by the lease. No lease, no royalty. You would have a right to receive revenues proportionate to your…"
I did not sign my rights away to anyone.I am trying to find out how I can get money from the wells?I heard in Louisiana that if you do not sign your rights away, then after a period of time [and the well has been paid for] that all unsigned owners…See More
As exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More