Hi all, sorry for the delay havn't been on for a few days.. Thankyou for all the input, go devil, Rufus, BUT I'm still confused. let me try & clarify. Our old leases ALL say the amount of mineral acres we own. ie: 160 as an example. BUT the cover letter and sight draft (check) whatever, all say usually half of acres listed on the actual lease papers as, net acres ie: 80. If the face on the lease says 160, why do we only get paid for half 80 acres? I'm am 98% sure we own ALL 160 mineral acres as my husband is the LAST of his lineage. But as I said before I may be wrong. And BTW Rufus I still have not gotten the lease papers in the mail from Brigham. I called & the guy I dealt with was a little evasive. said it was sent last week. Maybe an address error? should I be concerned? Also another quick question.. Is Bringham gas & oil the same company as Bringham exploration? I've read alot here about both companies. are they a sister company or what? thanks you guys are great! little fish
On Sep 26, 3:39 pm, "Rufus O'Malley" <[EMAIL PROTECTED]> wrote: > 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 -- 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 -~----------~----~----~----~------~----~------~--~---
