Need help. Oil company bought part of surface, so cotenants in common with them. Oil company plans to put in tank battery and 2 wells to benefit mineral owners on another property. (Off site lease). They Sent certified letter with proposed damages. Offer seems low as they are offering old ULR with no 10 yr terms.
Did they buy an undivided interest or an adjacent property? Either way you should probably have an attorney review the documents!
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They bought undivided interest in our property. Located in Texas. We are all cotenants in common. Will have to check to see if they also own part of the property where they are running the horizontal well.
This is a problematical area as each co-owner has a right to use the surface as they want, subject to certain restrictions. They do not necessarily need to compensate other surface owner. Here is a link to a good discussion of the problem. You should consider consulting an attorney who is experienced in this area. See this article on cotenancy
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