Welcome back to another episode! This week's episode is First Friday Q&A taken over by Matt Sands and Justin Williams of Mineral Rights Podcast. You ask the questions and we answer them. Big thanks to everyone who wrote in. If you want to get a question answered for next month's FFQA, click the link below. Enjoy!

Have a question? Click here to ask.

 

Show Notes & Links:

Questions:

My family received an offer to lease mineral rights we own. How do we know if the terms of the offer are good? And what should we negotiate for?

My grandfather acquired interest in 50-70 mineral rights, spread out over 7 oil-producing counties in Oklahoma. Sizes range from just a few acres, with the largest just over 80 acres. My sibling, cousins, and I now own these, but due to lost records, we do not have a clear idea of what we own and also they are geographically scattered so I'm not sure I can find these people or get in contacts with them. How do we learn exactly what we own, the value of the property, and maximize our income from it?

We have 0.822 net mineral acres in Section 1, Township 5 North, range 2 West - McClain County, OK.

BP America is pulling this area and are trying to obtain oil and gas leases. They have offered to lease, not buy and will pay $500/net mineral acre. What do you think? Please advise.

 

I leased my minerals several years ago, can I lease again?

 

Weekly Rig Count

As of 11/5/2018 - The American Rig count is 1147 active rigs.

 

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When: November 15-16, 2018

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