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The Water Cooler
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Might I pick the brain of our gas and oil people?
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<blockquote data-quote="NationalMatch" data-source="post: 3780600" data-attributes="member: 48586"><p>My wife is trustee/power of attorney re some rural land in OK. She received a letter from Reach Oil and Gas in OKC. Included in the letter is a W-9 "Request for taxpayer ID number and certification."</p><p></p><p>The last paragraph of the cover letter: "..the process of permitting the subsurface minerals within the project are underway. In the state of Oklahoma, the courts have ruled that the mineral estate takes precedence over the surface estate for the purposes of oil and gas exploration. We are in hopes that you will accept this revised offer by signing and completing this surface permit and W9 and retuning them in the SASE provided, before we are required to forward this to the mineral department."</p><p></p><p>They also include a "Seismic Agreement" which specifies compensation, limits to their liability if they destroy the property (which, I might add, is pristine hunting land), and the "Section XXXX to Section XXXX specifications. </p><p></p><p>I'll call our attorney's office today but, does it appear that Reach has mineral rights? Or are they fishing for land to explore for presence of oil? </p><p></p><p>The reason I ask is because we've been contacted before, we declined, and the companies have said, "Ok, we'll take you off our list." But as of now, no company, Reach included, has ever produced/included any paperwork proving they have such rights.</p></blockquote><p></p>
[QUOTE="NationalMatch, post: 3780600, member: 48586"] My wife is trustee/power of attorney re some rural land in OK. She received a letter from Reach Oil and Gas in OKC. Included in the letter is a W-9 "Request for taxpayer ID number and certification." The last paragraph of the cover letter: "..the process of permitting the subsurface minerals within the project are underway. In the state of Oklahoma, the courts have ruled that the mineral estate takes precedence over the surface estate for the purposes of oil and gas exploration. We are in hopes that you will accept this revised offer by signing and completing this surface permit and W9 and retuning them in the SASE provided, before we are required to forward this to the mineral department." They also include a "Seismic Agreement" which specifies compensation, limits to their liability if they destroy the property (which, I might add, is pristine hunting land), and the "Section XXXX to Section XXXX specifications. I'll call our attorney's office today but, does it appear that Reach has mineral rights? Or are they fishing for land to explore for presence of oil? The reason I ask is because we've been contacted before, we declined, and the companies have said, "Ok, we'll take you off our list." But as of now, no company, Reach included, has ever produced/included any paperwork proving they have such rights. [/QUOTE]
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