The Illinois Basin Reality: Valuing and Managing Stripper Well Royalties
A guide to understanding Illinois Basin stripper wells, the Severance Tax Act, and navigating local probate to release suspended royalty funds.
Owner research · title · valuation
39 articles. Estates, heirs, probate, and interests that go dormant when nobody is watching.

Many heirs inheriting modern oil and gas leases expect annual delay rental checks. Here is why paid-up leases eliminate those payments and what it means for you.
Read the articleA guide to understanding Illinois Basin stripper wells, the Severance Tax Act, and navigating local probate to release suspended royalty funds.
Harding County minerals operate under very different rules than North Dakota. Learn how South Dakota taxes, pools, and unitizes Red River formation royalties.
Texas law now separates geothermal energy from oil and gas rights. Here is how this new subsurface split affects mineral owners and family estates.
The Third Circuit Court of Appeals recently confirmed that an historic tax sale maneuvering by a surface owner did not erase a family trust's subsurface mineral rights.
A Judgment of Possession collapses decades of Louisiana probate research into a single document. But relying on it without checking the conveyance records is a massive trap.
Operators file a Memorandum of Lease to hide your negotiated terms from neighbors. But decades later, that same secrecy can severely penalize your heirs.
Leaving a life estate in mineral rights seems like a smart way to protect your spouse. But an ancient property law rule can freeze those royalties for decades.
When a large Texas ranch is leased and later divided, a single well can leave most of the family with zero royalties. Here is how the math actually works.
Texas law protects Non-Participating Royalty Interest owners from unauthorized pooling, but cashing a check or signing a form can quietly erase those protections.
Why mineral royalties on allotted Indian lands get stuck in federal trust accounts for years, and how the BIA's dual-consent trap complicates leasing.
A century-old Pennsylvania law says a deed reserving 'minerals' doesn't include oil or gas. Here is how the Dunham Rule catches modern heirs off guard.