Friday, July 19, 2019

Kadizzle becomes a land man

Somehow or other my father became a land man.  This story emanates from things my father did.  We called my father " Old Gold" because you could rely on him to do strange things.  One of his bizarre sports was buying up odds and ends of property at tax auctions.  Since Old Gold has been dead for over thirty years one would think is estate would be settled.  Not the case.  A few years back Kadizzle found out he had inherited mineral rights he never knew he had.  The gusher came in and as the man promised we get a pizza a month so far.  Kadizzle's interest in the property is so small that the man who leased it said we could probably get a pizza or a salad every month from the proceeds.  Unfortunately he was right. 

A couple days ago Kadizzle was contacted by another land leaser.  Again we want to strike it rich.  This time we apparently have an interest in an existing well.  Old Gold was very good at investing in dry holes.

Kadizzle set out to find out how he could have an interest in a well.  This meant that Kadizzle had to search the records of Ritchie County West Virginia.  Now you can do this on line.  Figuring out who owns what is no easy job at a county court house.  Gradually Kadizzle thinks he figured out how he ended up owning an interest in a well.  It is a long convoluted story, but Kadizzle will give it a quick try.

Back on the brush farm where we spent the summers there was an old school house at one time.  One day a sudden insight came to Old Gold.  Old Gold realized that after so many years if a school was abandoned the property went back to the original owner.  Old Gold had about 400 acres of worthless timberland on Cains Run.  He owned none of the mineral rights, but aha, the school meant he did own the mineral rights for one acre.  Since he was indirectly in the Oil and Gas business he finagled an oil company to drill a gas well on that one acre.  It was a mediocre well, but it did provide him with some income.

Old Gold had attended two years of law school so he did know something about leases, land titles and so on. 

Researching the records in Ritchie County Kadizzle discovered that the original lease of the one acre only allowed the drillers to go down so far.  Everything below that was kept by Old Gold. 

So here we are in 2019 and modern fracking wants to go down to the Marsalis Shale.  Putting it all together it seems probably that some Oil and Gas company wants to drill that well farther down.  Now if this all works out Kadizzle may have another pizza well.  Since Kadizzle's first experience drilling for pizza Kadizzle has learned to be a better negotiator.  Before we sign a lease this time Kadizzle will demand a soft drink to be included with the pizza.  As things usually turn out a well will be drilled and be a gusher on the day Kadizzle dies.

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