Usually when a seller reserves mineral rights, they reserve them forever. You might think about negotiating a lower price because you will be getting less than you originally expected, or say no to the reservation of mineral rights, or say yes to only a partial reservation.
It can be difficult (and expensive) to find minerals if you have no idea which county they are in or how your uncle acquired the interest. If he acquired the minerals, you would start by looking under his name. If he inherited them you would also have to look under the names of the persons from...Read more »
Certainly... It happens all the time. The buyer needs to do a title search prior to signing the contract, and certainly prior to paying over the price. If it is a warranty deed, check to see if the lease is listed on the face of the deed as an encumbrance.
You may want to repost your question and add the category - Patents (Intellectual Property). There's no guarantee all questions are picked up, but your post remains open for three weeks and it looks like something that a patent attorney would have the most insight about. Good luck
Myself and several relatives who are the long lost heirs of mineral rights to some property in Texas. We are now being sued over that property. I have no idea how to begin going about dealing with this issue.
It is essential that you retain an attorney to represent you. There are some things you can handle yourself, but litigation is definitely not one of them. Justia has a good search engine (Find A Lawyer) that will assist you in finding a civil litigation attorney in or near the county where this...Read more »
My deceased relative was force pooled on Day 0. This triggers this OK Statute for the holder, the mineral owner's heir and the State of OK. The holder is supposed to try and find the heir for 365 days. OK butts out except to require reports and an escrow account for funds due the owner. In my... Read more »
Interests in oil and gas are interest in real property. The transfer of real property is governed by the laws of the state in which it is located, not where the deceased or owner is located. Regardless of whether the monies are held by the company pooling the interest, the Corporation Commission,...Read more »
My uncle died in Oklahoma several years ago, never married, had no children, left no will, and had oil rights. His brother, my father, is also deceased and left 4 children (I'm the oldest). How much would it cost to settle this estate? Marathon Oil (Houston, TX) has this account and... Read more »
The answer depends on many factors, but it sounds like you are probably looking at a joint probate of two estates if you want to legally transfer the minerals from your uncle to your father's children. That being said, bear in mind that if there are liquid assets in the estate (like royalty...Read more »
There are oil & gas leases involved that are supposed to go to all the children. They were passed down from their great grandmother , through her descendants, then their descendants, etc., etc. My children were the only ones never notified by the oil producers about their interests
It is not clear from the information provided what type of probate proceeding was had, if any, and when. The ability to contest any court ruling will depend on when the proceeding, if any, was held. There is also no indication of when the deaths occurred. If there was no will, all of the children...Read more »
The terms to lease the property are really appealing but the company plans to use the lease to secure funding for a green energy project. If I were to lease the property, as a land owner Is there anyway to protect the property from foreclosure in the event company goes bankrupt and creditors go... Read more »
You need the advice of a Real Estate Transaction attorney in your local area to assist you to draft a lease that has forfeiture provisions in the event the lessee goes bankrupt. The creditors cannot go after the property, as you do not transfer title to the property to the lessee, except for the...Read more »
Suspense account is for unclaimed oil money/mineral rights is in a deceased aunts name, dead since 1988. He said that my Dad and his siblings are heirs and he just sent my dad a consulting agreement that says Dad will pay this company 10% of the gross money recovered. There is a section called... Read more »
You do not give the name of the company, but you are right to be wary of these come-ons. All the companies making these offers that I have run into are scams. You don't need to pay anyone to locate your aunt's mineral interests and get paid. First, go to the Texas Comptroller Website and...Read more »
This does not sound like a legal matter that you need to involve an attorney for. Considering the amount of ordinary household utility bills, attorney fees might not be justified. You could see if their customer service department could help explain your bill. If you aren't satisfied, you...Read more »
You can't sue the gas company for almost doing something. However, you can sue them for actual damages resulting from negligent or incompetent work. Look for an experienced litigation attorney. Suing the gas company won't be inexpensive. If you have a good case, an attorney may take the...Read more »
Hello, I received a $1000 water bill for 2 weeks only at my vacant house. I did not use any water because I locked the exterior water faucets and interior water shut off valves. When a city private contractor installed a smart point on the water meter, the software went wrong. Then the data... Read more »
A Texas attorney could advise best, but your post remains open for two weeks. From your question, it sounds like you're under the impression this is a law firm, because you ask for representation. This is only a question and answer board. Before pouring money into exploring the possibility of...Read more »
An Arkansas attorney could advise best, but your post remains open for two weeks. What you describe could happen to anyone on a stressful day. Contact an Arkansas criminal defense attorney to review the charges against you. It would be good to move quickly so they might be able to subpoena video...Read more »
He said it was regarding royalties to mineral rights on land his grandfather owned with his siblings. Its ringing as a scam to me but there has to be some measure of truth to it im assuming since he seemed to have alot of personal information. How can I verify if this is legitimate? Especially if... Read more »
You do not say for how long your aunt has been deceased. Even though it is probably a scam, you can search abandoned property records in Texas or any other state where she might have had any personal property. States have laws that require what they consider "abandoned" or...Read more »
I live in Michigan. I was sued over an unpaid balance to an electric company. I tried telling the debt collectors that I had never lived at the address in question. A family member had used my info to get power on at their residence, which they failed to pay. I was served by a packet left at my... Read more »
You can. If successful, you may get a chance to answer, and proceed to trial or try to negotiate with the electric company. It will be tough though. Most process servers are pretty good documenting their attempts to reach you, and if where it was left under the door is your address, you'll...Read more »
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