Our family group is currently finishing probate transferring mineral rights in Section 15-19N-18W. We are new to this, but do know that Tapstone is or soon will be drilling under the sight. Our question is who is it best to work with on lease payment amounts? We have been contacted by two land men and also Tapstone. Can we negotiate with multiple land men vs. Tapstone? Any advice or information is greatly appreciated.
We were pooled by Tapstone in aug 2016. Lack of due diligence on Tapstone part in finding our addresses on leases of same property in 1972. We currently live in same house. Forced the least value option on us (bonus of $1050/acre but 1/8th lease). Most of the leases I have found and read in this section were for 3/16. Our bonus has been put in the MINERAL OWNERS ESCROW ACCOUNT and it is a difficult task to get it out of escrow acct. Finished well oct 2016. After we contacted Tapstone in Dec 2017 they sent year of production check based on 1/8. Interest calc was on year check was different calc for the next check. Needless to say in their favor. Plus we are paying approx 20% of our interest for “post production costs” which was not part of the pooling order. We are getting a bad deal. Small net mineral acreage is only reason we have not taken this matter to the attorney as of now. I am still waiting on Tapstone to reply to telephone and certified letter inquiry. We are trying to settle this in friendly manner. S3-T18N-R16W