Mickie, you might just call one of the attorneys either Ty Wood or Tom Reese, most people had to pay to have theirs lease contracts done by them, and there is personal information…good luck
I am really just trying to see if those attorneys are actually qualified in the oil and gas industry to produce a good lease. A good lease should probably be about 20 to 30 pages and not use the producers 88 form at all.
Under what circumstance can a landman sell a lease option to an oil company that has not been signed by all of the mineral rights owners?
I think mainly the lease if it is signed by the property owner, if they also have minerals, we have the property and some of the minerals, that we signed with, it is up to the landman to find out who else has minerals and deals with them directly on an individual basis, as those would be for the lease of minerals only and the royalties, I am still learning about this…
If each heir hasn’t been included, listed, named, identified in the lease, how does the oil company get bonus & royalty checks to each one?
There is an article on the home page that talks about going unleased.
Rebecca & Wade, thank you guys for the information.
Not all of the owners have to sign.
Wade, how do you know “not all of the owners have to sign”?
I spoke with Lincoln Land, and not owners have to sign, some will wait and see if there is any production before they come forward, if they do not find the mineral owners or their heirs, the oil co can go to the rr commission and drill anyway, they just put their royalties in an account, after so many years it goes to the state as unclaimed property. You can read about it in the uncliamed property in the State of Texas
We have some royalty interest in Howard County. The distribution from mid 1970’s has a name without an address. They are still trying to find this person’s heirs.
Thank you, Rebecca. Another question. What happens if the first landman knows all the heirs but sells the option with only a few of the heirs’ signatures and ignores the others who have gotten a better offer from another company/landman? Is that illegal, do you know?
Sorry I don’t but you might call Dominique at Lincoln Land and Title in NM and ask him, he is very good at answering questions.
I have for lease, in the Cline Shale oil play, the mineral rights to 144/588 undivided acres in Section 24, except NW/4 of NW/4, Block 28, Township 1, South, T&P RR Co. Survey, Mitchell County, Texas. I appreciate the help you have given me on this forum. 
Bill saw lights of a drilling rig at dark tonight looking northeast from our place. We drove over that way, it is north of Loraine on FM644, 4 to 5 miles, then back to the east another mile or so. Cody, you probably know, is that the Treadaway location? Think that was Laredo’s lease, right? What a welcome sight!
Thanks Wade, noticed the Midland site has a rig count, that will be interesting to follow.
They are moving the rig in today on Firewheel’s Webb Lease south of Loraine on FM2319. Bill said the substructure was there and some trailer houses.
I have a Land Man named Wade Stevens with Laredo (LMD) that I cannot get in touch with. Have any of you been approached buy him or have another contact at LMD that I can see if they can find Wade?
Michael,
I talked to Wade several months ago at this number: 903-821-0443
Hope that is of some help. Don
Michael,
We signed with LMD. Wade worked with our attorney and did everything he said he would. Received our check 3 weeks after signing. Good luck.