Thank you all for your quick responses. I was worried for a moment! Anyway, yes Montana is a severed minerals state since we have the minerals and royalties but no surface rights anymore.
On Oct 5, 9:38 pm, "Rufus O'Malley" <[EMAIL PROTECTED]> wrote: > I think Go-Devil nor I clarified your last part of your question > (oops) If the surface owner will not negotiate, I believe that ND > Century Code allows for fair market compensation to the land, and the > land will be accessed anyway, as the mineral holdings are given > priority over surface holdings. > Go-Devil, David, Teegue or anybody else, please do correct me if I am > in error on this point.... > R > > On Oct 5, 8:33 pm, montanacrude <[EMAIL PROTECTED]> wrote: > > > > > Please clarify for me folks. So if I own the minerals and royalties > > but not the surface rights I basically have no negotiting power? How > > does the oil company determine what percentage of production and the > > other terms of the lease? If the surface owner refuses to lease or > > negotiate then as mineral right and royalty holders we have no > > options? Sorry but I am a rookie at this. Thanks for your answers. > > > On Oct 5, 3:00 pm, "Rufus O'Malley" <[EMAIL PROTECTED]> wrote: > > > > Hi Al, > > > Dittos on the welcome to the blog. When a company wildcatted a nice > > > fat well (by Dunn Cty standards, anyway) adjacent to my assets, I > > > immediately contacted first the leasing agent company (who could or > > > would only tell me which oil company still had possession of my lease) > > > and then contacted the oil company directly. Had I not done so, I too > > > would be completely in the dark as to the plans for my assets. In > > > that one phone call to the exec of Land Drilling and the Director of > > > Field Services (or some such title....), I learned that, indeed, a > > > well plan was underway for my acreage, including the two sections > > > where I have the most assets. I learned that it will be bakken well, > > > the well vertical site location, the well identifier name and # the > > > orientation of the lateral(s), the length of the lateral(s) and that > > > it was being surveyed at the time of the call. > > > Not expecting to learn so much in my first call to the company, I of > > > course had questions as soon as I hung up the phone. I called back, > > > asked for the exec's admin, asked her how best to get my questions > > > answered, and the admin said that I could send my questions to the > > > admin's email address. > > > If you are not the SURFACE owner where the vertical well is being > > > drilled, you will not hear from the company until a division order is > > > in your hands, and that is 5-6-7 months after the well goes on > > > production. Your lease allows them to do everything they need to > > > without notifying a mineral owner at any time during the process until > > > they need the mineral owner's signature on the Division Order that, in > > > essence, says you agree with their determination on what percentage of > > > royalty on what portion of mineral ownership . That's it. > > > The only persons they will contact in between IS the surface owner to > > > negotiate surface use compensation for the actual well site. If you > > > are BOTH the surface and the mineral owner on the site, you would be > > > contacted, only because you own the surface. > > > So, my best advice would be to contact the same persons in your case, > > > the leasing agent/company, find out who holds the paper currently > > > ( leases can change hands between companies many times over, kinda > > > like mortgages) and then call the HQ of that company ... > > > And, I heartily recommend cruising this blog from the beginning, > > > stopping to read the different threads that catch your interest.... > > > and excellent resource... > > > Best, Rufus > > > > On Oct 5, 12:48 am, DepME <[EMAIL PROTECTED]> wrote: > > > > > I have some acres in Dunn county that were leased by Continental > > > > Resources in May 2007. CR applied for 1280 acre pooling the first > > > > part of May 2008 and applied for a drilling permit the last part of > > > > May 2008. They started drilling in August. > > > > > I haven't heard from a soul !! Not the landman, not Continental > > > > Resources, not anyone. If I hadn't stumbled upon the NDIC site and > > > > this group while googling 'Bakken', I'de probably still be in the > > > > dark. > > > > > Welcome to the group. There is lots of knowledgeable people here who > > > > are will to help out. Spend some time using the search tool. You > > > > might find at least some of your questions have already been asked and > > > > answered. > > > > > On Oct 4, 5:25 pm, "al gates" <[EMAIL PROTECTED]> wrote: > > > > > > Just found out that XTO Energy has an application for a 1280 acre > > > > > drilling > > > > > unit on a section of land in Dunn county that my mother has an oil > > > > > lease on. > > > > > Being new to this world of ND oil, what can we next expect? Will we > > > > > hear > > > > > from them at some point? Do we just sit back and wait or what? Thanks > > > > > for > > > > > any information.- Hide quoted text - > > > > > - Show quoted text -- Hide quoted text - > > > > - Show quoted text -- 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 -~----------~----~----~----~------~----~------~--~---
