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Royalty Owner Qualification for State and Federal Benefits – Part 2
WHAT TO DO WHEN AN APPRAISAL IS REQUIRED? As compared to an outright sale, this alternative is far more problematic. As I have already discussed, the oil and gas purchasing companies are usually prohibited by company policy from giving out a determination of value of an interest. In most instances, it would merely be an… Read More
Royalty Owner Qualification for State and Federal Benefits Part 1
At least several times a month, we receive a call from a desperate and exasperated son or daughter trying to figure what to do about qualification of their parent for some type of State or Federal service. Whether they seek Medicaid or some other type Social Security benefit, the problems presented are the same. Divestiture… Read More
Passing The Legacy Along – Interests in Oil, Gas, & Royalties
For many people who have inherited producing oil and gas interests and royalties, there is a great sense of continuity and pride of ownership. They are perhaps the third generation to maintain and manage family oil, gas and mineral interests first acquired by a Grandfather or relative, who accumulated various royalty and overriding royalty interests… Read More
Oil & Gas in Pennsylvania – Finally!!
Although the modern day oil and gas industry began over 100 years ago in Pennsylvania, mineral and royalty interest owners in the Keystone State have forlornly watched all these years as their fellow mineral interest owners in nearly twenty other states received the royalty payments year in and year out from the various oil companies.… Read More
My Minerals Include Oil & Gas Rights – But what about Gold, Silver, & Coal?
Ownership of minerals is ordinarily limited to that which does not require the destruction of the surface to accumulate. Some states, such as Texas, use what is called the “surface destruction test” to determine if getting down to the minerals would destroy the rights, full use and enjoyment of the surface owner. Ordinarily the surface… Read More
