I’m writing a sequel to “From The Delta Mud.” The setup for this one is that this guy makes it big in the dotcom industry. Around the turn of the century he sells out and buys back the family farm, lost in the late 80s. What he doesn’t know is that the bank has separated the mineral rights from the surface rights, and still owns them. I’m sure you can figure out where I’m going here. Here are my questions:
Who would be more likely to discover any mineral resources. Do oil and gas companies have an idea of where to find product and contact owners, or do owners request surveys?
If the owner of the mineral rights decides to go into production, what is a realistic way he would notify the owner of the surface rights? I’d assume a lawyer hired by either the oil and gas company, or the owner of the mineral rights.
How lengthy, detailed, and hostile, are the pre-producrtion negotiations likely to be?
Any thoughts, or corrections about misconceptions from knowledgeable sources are welcome. Please feel free to PM me, or send me an email.
guy@guywheatley.com.
Thanks for any help.