Little fish, All of the 'legal records' for mineral ownership are at your county courthouse -- that is what the landman researches and provides to the company for leasing purposes, short of having the actual Deed in hand (your hand) those are the records that will be used. All mineral transfers have to be legally recorded at the county court house in the recorders office. That is why the court houses are overflowing with landmen--- that is the place to find the legal data. For Example:Let's say that your husband's family has 4 kids who share the mineral rights on 100 GROSS mineral acres. While the GROSS number is shown on that piece of land, only YOUR portion, your NET portion, would be NET 25 acres that belong to your husband. So your personal lease (the siblings would do their own personal leasing)is paid upon the NET 25 acres that belong to your husband... Hope this helps!
On Sep 26, 3:00 pm, go-devil <[EMAIL PROTECTED]> wrote: > Gross are the total acres owned, net is the total acres you own. > You cant rely on a Atlas for all the information. > > On Sep 26, 12:38 pm, little fish <[EMAIL PROTECTED]> wrote: > > > > > Hi all, can someone tell me the difference between gross mineral acres > > and net mineral acres? in most of our leases we have more gross acres > > & the companies list the gross acres on the lease BUT we only get paid > > for the net mineral acres???? seems odd to me? also does anyone know; > > how do you know exactly how many mineral acres you actually have in a > > given section? we've allways looked at old leases to figure this, but > > maybe we are wrong. > > thanks in advance, little fish- Hide quoted text - > > - Show quoted text - --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Bakken Shale Discussion" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/bakken-shale-discussion?hl=en -~----------~----~----~----~------~----~------~--~---
