Dropped and the operating costs have gone way up. The operator is thinking of packaging this well with some other low producing ones and selling them. Would I receive any proceeds from this sale?
answered on Mar 8, 2021
You would not receive any monies from the operator's sale of its interest. However, If you want to get rid of your interest, you might tell the operator that you are willing to sell your interest along side his. A purchasing operator often times will want as much of the well as he can... Read more »
answered on Nov 16, 2018
You may find attorneys advertising this particular expertise. Otherwise, you should look for real estate attorneys in your area. You could be proactive by finding the attorney now, or you can wait until you believe you have an offer/proposal from the solar company to then take with you to an... Read more »
Does HOA have rights to royalties?
From covenants:Mineral Interest. The Board of Directors shall be given the express authority to negotiate the precise location of any exploration and production activity for minerals of any type with the City of Greeley to approve such location or, in... Read more »
answered on Apr 4, 2018
There is a lot to this question. The first is whether the lot owners were given the minerals to begin with. If so, then the question is whether this covenant applies to each lot. It probably does. Then, what does this covenant mean. This covenant allows the HOA to execute leases for each lot... Read more »
answered on Feb 10, 2017
Yes, you can. However, a lease or sale of mineral rights will also condition a right to access the above-ground property so the extraction can occur (i.e. the mining trucks will require some means to enter the property to extract the resources). Also, the nature of what is reasonably marketable is... Read more »
She died 4/96 still hasn't been probated in ok. Where mineral rights are.
answered on Jan 6, 2017
At this point the best approach is to contact a probate attorney to discuss your case and potential claims against the trustee. As an aside, it is beyond strange that the estate has not been probated for such a long time (unless complex litigation with appeal occurred with the estate). Make sure to... Read more »
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