Check this shit out....

[fshowcars]

@Darkstar

Kriebel?

And every company runs title on a property before they drill on it. It’s called abstracting. They run the chain of ownership of the gas rights back to the very first documented record. Then an attorney certifies it.

If you don’t do your due diligence and a court rules that someone other than who you have leased owns the gas rights, you have NO CLAIM WHATSOEVER to that gas, and neither does the surface landowner. Therefore, you just drilled someone a $200,000 hole in the ground and he’s going to get to keep 100% of the production instead of the 1/8 royalty… and the gas co will get nothing. This sometimes happens even after someone has run the title, but the certifying attorney’s E&O policy will cover it.

hummm it is krieble.

i know there are a few rights, maybe three main ones? they are checking on gas? but i think the coal rights are long gone (the area has been strip mined) … so they are checking into proper ownership and are going to attempt to properly title it. Do you have any suggestions or things i should have them confirm or look into before moving forward? I know coal rights mandate ownership of methane, but i do not believe natty gas? although, i have no idea