Just Was Notified We Have Mineral Rights. Now What?
In 2008 we performed due diligence for the abandoned minerals rights on our property. The minerals were reserved back in 1914 and in 1922 under different people and percentages. As we could not locate any relatives for these people we filed the notice in a local paper per the 2006 statute. We then decided that it would be best to retain an attorney just in case we missed something. In 2011 he performed the due diligence and again filed with the local paper as notification of our intent. We did receive a notice to preserve by someone but we were able to disprove his claim as he was not an entitled heir. Our attorney then filed a Quiet Title action with the courts. The gas company we signed with is now using Google and Ancestry.com to seek out relatives of people who reserved the mineral rights over 100 years ago and are having them sign leases. They are then soliciting these same people to BUY these mineral rights.
It all seems a little questionable to us. We only found out about this by accident and were not informed of this by the gas and oil company we signed with. I feel that this is a bad business practice by the gas company by not informing people that they signed leases with over 4 years ago that they are now seeking out potential heirs on property that had the due diligence performed to their satisfaction and on which the gas company themselves performed due diligence. I spoke with the head of our group last night and he was disappointed to hear that this was occurring without notification to the lease holder. If any one else is going through this can you please post and let us know what you are doing to fight this? I would also like to hear other thoughts on this and any ideas as to how handle this. Also check the Belmont County online records search under your gas and oil company's name fo r leases generated in 2017. You will have to view the PDF of each lease to see which plat numbers the lease is for to see if it's your property. That is how we found all of the newly signed leases on our property. Please post any findings.