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Old 03-02-2017, 02:43 PM
 
Location: OKLAHOMA
1,786 posts, read 3,732,839 times
Reputation: 976

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Anyone have any dealings with oil company. I have a ranch with only surface rights. They called about putting a well on our property then said they changed their minds but did show us a plat for a road and pad. 5 acre pad and a mile plus road! Afraid the' will be coming back. Never dealt with oil companies before so wondering how to protect my water well. Pastures, hay fields and a road down the middle of a ranch. Do hand you a few thousand dollars and that is it. Can you deal with them like where the road goes. Why do they need 5 acres. The well they discussed is a fracking well which scares me, no recourse I am assuming if you do not have mineral rights.
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Old 03-09-2017, 01:46 PM
 
1,789 posts, read 1,527,507 times
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Quote:
Originally Posted by debbie at bouontiful View Post
Anyone have any dealings with oil company. I have a ranch with only surface rights. They called about putting a well on our property then said they changed their minds but did show us a plat for a road and pad. 5 acre pad and a mile plus road! Afraid the' will be coming back. Never dealt with oil companies before so wondering how to protect my water well. Pastures, hay fields and a road down the middle of a ranch. Do hand you a few thousand dollars and that is it. Can you deal with them like where the road goes. Why do they need 5 acres. The well they discussed is a fracking well which scares me, no recourse I am assuming if you do not have mineral rights.
In Oklahoma they are required to negotiate with you before beginning any large scale work.

I recommend getting a lawyer familiar with this area.

Compensation is typically around $10,000 for the surface owner.

5 acres is slightly on the large size but not unusual. That indicates they plan on being there a long time though.

You have no recourse to prevent them from drilling, the mineral rights are senior to your surface rights. Unless of course you purchase the mineral rights. If the company loses interest and moves on, or you are dealing with multiple mineral right owners then you might be able to work a deal and obtain some of them. Even if you purchase a small amount of the total rights, it will get you a seat at the table the next time they are negotiating a lease. Thats really the only way to insert language that will protect your rights as the surface owner.

If you do not come to an agreement with the mineral rights owner/s then you will each get an appraiser assigned that will determine the value of the proposed damages. If you still don't agree then you will go to court and a jury will determine the appropriate amount.

You can negotiate a favorable deal most likely without all that hassle. Talk to them. You can get them to move the road into a more favorable location, decrease the pad size (tough but worth a shot) and anything else you can think of. Its a very good time to negotiate a few "free" improvements to your farm. Like maybe you need a new pond dug somewhere, or a drainage issue fixed, or a new driveway, or improved pasture roads.

What your not going to be able to do is tell them no forever.
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Old 03-09-2017, 04:03 PM
 
19,587 posts, read 4,910,009 times
Reputation: 6677
mineral rights trump surface rights in the oil and gas industry.
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Old 03-10-2017, 07:15 AM
 
Location: plano
6,921 posts, read 8,586,900 times
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Mineral rights existed before trump, Obama, bush etc. Owners of them have a right to access them, happens in most states only one I know it is moot is La where surface and mineral rights can not be separated and sold to different owners.
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Old 03-10-2017, 09:14 AM
 
Location: OKLAHOMA
1,786 posts, read 3,732,839 times
Reputation: 976
I found them another way in besides one and a half down the middle of my ranch. They already knew that just playing games. Went to two attorneys and got one that fights fracking not that I oppose to it. We have two wells that is the only source of water to the house and barns. Horse barn was in the middle of there site for road. We are continuing righting our own contract in case they come back. Even though we own all the property on the road frontage years ago we put them in our childrens 's name which means destroying five caress of building sites.

Curious as to why they called to say they would come from behind our property then when we called about bonds for our wells, the landmark said we were off the schedule.?
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