Hi everyone, haven’t been on in a while. Recently I received a check from Corterra for well Josh 0409-1HX in Hughes County. I don’t have minerals in the Josh section 3-6-9, but i do have in 4-6-9. I signed a lease for this location with a group called Council Oak a couple years ago. As i looked at my Corterra check statement, i had some questions. I called Corterra and they did not have a lease with me, but mentioned i might have had a lease with Council Oak and that’s when i remembered the lease from a couple years ago. I’ve tried to contact Council Oak and they no longer seem to be around. How does this work then? If the company is no longer around, yet i received payment from Corterra from back into 2019 to present, was my lease portion just pooled possibly??? I’d really had hoped that my lease was in effect because i had a no deductions clause and there were a lot of deductions taken out of the check i received. Any thoughts would really be appreciated, or next steps i would need to take to get this sorted out. Thanks!
You might try looking your name up on www.okcountyrecords.com and seeing if your lease was documented there. You may be able to print a copy of it. Hopefully you saved your own copy. Always do that.
Lots of times when one company buys from another, they just assume that they can take deductions since many of the accounting softwares are set up that way to default. They don’t actually read the leases and only make corrections if you call it to their attention. Tax deductions are normal. The post production charges can eat your royalties up. So worth getting the correct information. (The surface location is in sec 3, but the perforations are in sec 4 & sec 9)
Thanks! I’m sure I made a copy, but figuring out the box in my storage unit is a whole other ballgame. I thought I could pull it off the email when I scanned them a copy, but my email copy has the bottom inch or so cut off, right where the signature line is. I’ll check the website and see if I can get a copy there. I’d like to have it on hand before calling Corterra back. So if the lease was recorded by Council Oak and Corterra pooled, I should get paid based on the lease? Even if Council Oak no longer exist? If it wasn’t recorded, then would I just be subject to the pooling amounts?
Do you know how to research mineral right ownership in Duchesne County, Utah?
If you post in Utah, you may have better luck getting an answer. This is a county in Oklahoma.
At the top of this screen is a menu, and the third item from the left is “Counties”. Click that, and scroll down to Utah, and click on the arrow to open up that list. You should see Duchesne in there.
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