Q: I am entering into a oil and gas lease with a company CNX and myself and 6 other heirs are being 15 percent royalties..
I am entering into a oil and gas lease with a company CNX and myself and 6 other heirs are being 15 percent royalties whay other things do i need to ask.. the well has apprently been operating with out notfiying heirs and is just now trying to remedy it?
You should always have an oil and gas attorney review a lease before you sign it. The lease the landman offers you is almost always in favor of the oil company and unfair to the mineral owner.
Whether the company owes you past royalties or not depends on whether your mineral interest shows up in the deed records with a legitimate title document. Each mineral owner is responsible for making sure their mineral interest shows up clearly. Again, an oil and gas attorney can tell you whether or not this is the case and whether the company owes you past royalties.
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