Posted by Mark - IN. on March 14, 2008 at 20:23:18 from (207.200.116.13):
In Reply to: Help! Mineral Rights posted by Pajamafied John on March 14, 2008 at 14:02:13:
Like the others have said, talk to a lawyer first...your lawyer, not theirs.
I remember back in the late '70's there was this oil vein that stretched from somewhere in mid-Illinois, through Indiana, up to somewhere around Kalamazoo, MI. and these guys were paying farmers and land owners to drill and put small derricks up on their properties. I knew a couple of guys back then that did that. In return for going out and shutting the pumps off when the holding tanks got full or near full, they got a monthly check from whatever oil company(s) was/were doing that. Then for whatever reason, they all stopped and most of the derricks disappeared. Some are still out there rusting away though, like just off of I-80 between LaPorte and Michigan City, IN. I have no clue what happened. Maybe the oil dried up? Maybe EPA got involved and said "No more of that"? Maybe the oil company(s) went under. Who knows.
Good luck just the same. If it puts change in your pocket or buys the wife a new dress, and your lawyer asks "Man, what are you waiting for?"... Just don't blame the outcome on me.
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