Do mineral rights leases expire?
landmanrs wrote at 2006-11-16 23:58:10 An abstract or title company with experiece in oil and gas would be able to figure out which lease would be in force. An abstract will give you every recorded instrument that deals with your property, all deeds, mortgages, liens, leases, etc. From there you take your abstract of title to a title attorney. They will review all documents and render their opinion. We typically pay $10,000 for every 80 acres abstracted. The attorney’s fee for their opinion is on top of the ten thousand dollars. You will pay the attorney for about a week of their time. I would not spend too much time or money trying figure this out and tend to believe the oil and gas company knows which lease is in effect. Oil and gas companies have a lot of money wrapped up in their wells, leases, and attorneys. They tend to have multiple attorneys that review all contracts and mineral ownership before and during production.
