Kay, it is impossible to answer your question without examining the complete title. Oil companies have title examiners and they will use the interests as determined by their examiner. The only way to change their mind is to have an independent examination of the title by your attorney to convince their examiner where he made a mistake.
Hello Kay ,
Take Dave’s advice . I ran across a similar situation as yours and ended up having my own abstract work done by a certified professional land man with a lot of experience in research. It cost me a small fortune , but it is well worth the trouble .
Good Luck !
Could someone tell me why I have similar but different undivided mineral interest stated by 1st Co lease, 2nd Co. leased my 2 yr extended lease and now 3rd co. who I am also seeing a smaller amt. As I am told I will get a division order soon, would like to clear this us. Thank you for your response.
Any news on my land w/2 SECTION 41 BLOCK 31 T1N HOWARD CO
Good Morning Becky. At this time I don’t see any activity in your immediate area. SM Energy is very busy west and northwest of Section 41. They have 2 new permits as of February 21, 2018 in the northern edge of the City of Big Springs, I don’t see any activity by Grenadier at this time. SM Energy has some good wells to the west of Section 41.
GIS Map of Howard County Section 41/A-100/Block 32 T1N & surrounding area:
CLICK ON MAP TO ENLARGE
Clint Liles
Tysm
Danny - one of the wells has been spud and surface casing set, but the big rig hasn’t moved in to do the deep drilling yet from what I can find. I believe you actually have three permits that include the tract you describe. SM Energy is the best operator in your area in my opinion.
Danny, Marcus T is right. Well 39414 was spud on 01/30/2018.
Link to approved permit for well 39414 showing spud date:
http://webapps2.rrc.state.tx.us/EWA/drillingPermitDetailAction.do?m…
GIS Map of Howard County Section 25/A-275/Block 32 T2N:
CLICK ON MAP TO ENLARGE
Clint Liles
I am new to this site and have been reading a lot of comments. I have a little over 7 acres of mineral rights leased on E/2 of section 25, Blk 32-T2N. S&M has 2 permits. Does anyone know if drilling has started or where they are in the process?? Don’t know much about S&M.
Thanks for any help.
Danny, i just tried pulling up the permitted locations/wells for the eastern half of Section 25 and apparently the RR Commission has the GIS Mapping Viewer shut down for maintenance. It may be tomorrow before I can check on information for you. Do you have the API #'s of the 2 approved locations in that area?
Clint Liles
The 2 API #'s are22739229 and 22739414.
I am not sure if the permit to the west # 22739229 is on my side of E2.
Is there any activity happening in Section 3, Block 33, Township 1, South?
Thanks
Thank you. I don’t quite understand if this relates to our minerals, sorry to be such a dummy on this.
Barbara, have you leased these minerals before? If you leased them in the 2002 timeframe, a rule of thumb that can be used for a valuation is the lease bonus per acre that was received in 2002, multiplied by 3-4 times. This obviously isn’t an exact science but it will get you in the ballpark. If I remember correctly, the IRS only requires someone with a knowledge of valuation, to value the minerals. This could be a landman, or even a mineral buyer. Check with a CPA on this, but it shouldn’t cost you much to get a valuation.
I see where 4 permits(API 227-38735/38736/38890/38891) were approved for Horizontal wells to extend into Section 3 in July and November 2016 by OXY USA, Inc. As far as I can tell only one of those wells is producing at this time and that is well 38736.
Link to Production Data on well 38736:
http://webapps2.rrc.texas.gov/EWA/specificLeaseQueryAction.do?tab=i…
GIS Map of Howard County Section 3/Block 33 T1S/A-359:
CLICK ON MAP TO ENLARGE
Clint Liles
Judy, do you own all the minerals in this Section 3?
Clint Liles
I need help with determining the basis. I inherited and don’t know the value at that time (2002). I figured a CPA could help me with that… ?
Thanks Brandi! I was just in Plano over the weekend…
No, my siblings and I own 3/32 of the mineral acres, which I was told is 22.5 net mineral acres.
Judy Manning
Judy, if you own 3/32 of the minerals, that would be 60 net mineral acres. A section has 640 acres. 3/32 x 640 = 60. Unless you already have all of the relevant documents, then you need a landman or attorney to secure all of the documents at the courthouse. There are some online services that may help as well if you don’t have to go very far back in time.