Re: Your thoughts on mineral rights

Posted by ChuckG on September 19, 2004 at 09:29:54 from (66.82.9.27):

In Reply to: Re: Your thoughts on mineral rights posted by PKurilecz on September 19, 2004 at 08:19:09:

PKurilecz,
I appreciate your input. Oil & Gas are the probable "minerals" that are involved, but the possibility of finding any is not great. These rights are from so long ago, that the grandchildren or greatgrandchildren are probably involved. Then the possibility of them even knowing about it is low and even finding them all would be impossibile. When I cleared the Deed from some encumberances at purchase (with the help of an atty), I was told it would be possible to clear these older ones with public notice and due diligence giving any one that might be involved, the opportunity to come forward. After following the proper steps I could petition the Court(?) to clear my deed. I am guessing that there are thousands of people out there who are heirs to rights like these but have no idea that they own them. I am kind of hoping that I can use this to my advantage to get my title clear! We are in the Blackland Prairie and I found out about the oil & gas possibilities when I was looking into drilling a water well. Three drillers told me I was more likely to hit oil or gas before I found good water and that I would have to go 10,000' to find good water! Thanks for you advise! ChuckG

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