I received a lease for 80 acres of mineral rights (severed from land) and some oil company wants to drill I didnt even know I had until a phone call
Asked on May 02nd, 2017 on Real Estate - California
More details to this question:
I got a call from someone saying that a great-great-great grandparent owned the mineral rights to 80 acres, died in 1956 without a will, and now an oil company wants to lease it and drill. The lease is a paid up lease, its for 5 years, and it has all the people's names that it passed thru that are deceased, my parents, grandparents, great grand parents, ect. This oil company currently has wells in the area that are producing. I don't like the fact that it goes on and on about pooling interests, and I don't understand it. It talks about bonuses and royalties. I need someone to see it that knows what they are reading and can advise me on what to do or not to do. Do I go to a land man or to an attorney. Or ignore it or ask for more.
You may have to initiate one or more probate actions to transfer the mineral rights to you. You'll have to bring the documents to an attorney to review. Contact an attorney for a full consultation.
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