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Making Sense of Statements

Freeholders have many concerns with royalty statements.

Firstly, some freehold mineral owners receive only a check with no corresponding royalty statement which would provide the basis for the amount paid.

Secondly, although freehold lease agreements uniformly require the payment of royalties for one month’s sales of leased substances on or before a certain date in a subsequent month, many industry operators simply ignore this obligation and pay when it is convenient for them.

Thirdly, and most critically, although virtually all oil and gas industry reporting has been standardized, there is no standard form for freehold royalty statements and most freehold mineral owners do not fully understand the statements provided to them.

Why?  Because unlike Crown leases and the leases used by the major corporations that own freehold mineral rights, the lease agreements presented to freehold mineral owners, whether they be leases used prior to the introduction of C.A.P.L. leases in 1988 or C.A.P.L. 88, 91, 99 or 2014 lease forms, these lease agreements contain no reporting requirements whatsoever.

If you are approached to lease, FHOA can help you to modify the lease agreement presented to you to require appropriate royalty statements and, if you already have a lease, FHOA can help you to understand any royalty statements being provided to you.

We Can Help!

As a member of FHOA, we help you understand your royalty statements, explain the dates, and requirements as well as detail the various lease types and conditions. We break the terminology down into language you can understand and offer additional support and services if you require more help.

Join today to get access to this information and many other educational resources available for Freehold Members.

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How Can You Help?

The easiest way to help is to Become a Member!

If you can, get involved. If you have skills or training which could help FHOA attain its goals, let us know. FHOA always needs volunteers to assist with seminars, to help with phone outs before seminars or even join the Board.

Spread the word. The more members that FHOA has, the greater our potential influence. Many freeholders who could use our help, particularly those who do not use the internet, remain unaware of FHOA’s existence.

If you have time constraints, make a financial donation to assist us in paying for judicial and regulatory hearings.

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Want to Learn More and Get Involved?

Being a member of FHOA gives you many benefits and services not available to non-members (some additional fees may apply), including:

  • a common voice representing the interests of Freeholders with government bodies and regulators

  • help understanding leases and many other agreements

  • help understanding regulations and obligations to protect your rights

  • a knowledge base for some of the confusing technical information

  • access to experienced industry professionals to assist in negotiations

  • information about the going rate in your area, and so much more…..

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  • We wish to thank FHOA, with special recognition to David Speirs, for the information /assistance he gave to us regarding the energy sector. His knowledge of Freehold Owner leases was particularly helpful to us as novices when we became Freehold owners over a decade ago.

    Garold and Yvonne Miller

  • I am eternally grateful for what I have learned through FHOA and their Board of Directors. Because of FHOA, our family can safeguard our mineral rights for future generations, and we have enhanced our lease negotiation skills as a collaborative family unit. The expertise and dedication of FHOA directors has supported our efforts in every aspect of mineral ownership.

    Joan Olafson

  • Our mineral rights have been passed down for generations. We joined FHOA in 2007 to help us understand an agreement with an oil company. FHOA was so helpful, providing suggestions were able to take the company and have adjustments made to our lease agreement. The information provided on the website, by FHOA representatives and at FHOA meetings helped us better understand lease provisions. If we had to sign another lease, I would have FHOA help again. Because of this value, we continue to be a member year after year.

    Jackie Anderson

  • Freehold Owner’s Association (“FHOA”) has a wide variety of information with access to various expertise for freehold mineral owners like me, who do not have the technical and legal expertise, nor the financial capability to do it on their own.

    Bill Schmidt

  • Our family is very thankful for FHOA. They made it possible to force a major oil producer to pay legitimate royalties owed to all five family members for off-set drilling beside our mineral rights.

    Betty Frey