We have interests in Bovine 28x33x34. I followed up with Continental about our revenue disbursements.
They said that they are now requiring the probate for our Dad’s interest to be done. They said In Section 28, there is also a title requirement requesting the estate of Ethel B. Marshall be probated as well as it affects several different interest owners in this section.
Ethel B. Marshall - We have no idea who she is. My Dad inherited his interests from Hattie Evans.
Anyone else going through this?
That well has hundreds of owners. The ownership has to add up to 100%. This type of thing happens all the time. You can go ahead and do your probate and clean up your bit of it. If they are past due on the six months since first sales, then you can ask for your 6% interest payment which is statutory on a cloudy title. 12% if your title is clear.
Also a good idea to ask for the paragraph of the title opinion that applies to your acreage so that you can have it for your records. They won’t give you the whole thing, but you can usually get the few lines that pertain to you and what you need to do to fix everything and “cure” the title.
Thank you so much I really appreciate it. I knew there was something I needed to ask them for but wasn’t quite sure.