Mineral Interests And Royalties
Oklahoma Mineral Interests
Oil and gas production in Oklahoma seems to be somewhat cyclical and regional. As such, unless there is current production and/or Oil and Gas Leases were signed recently, owners of Oklahoma mineral interests sometimes ‘forget’ about them.
Oklahoma mineral interests become ‘lost’ for many reasons, and here are some of the most common ones:
Oklahoma Mineral Interests Through Probate
It is important to note that in order to effectively transfer title to Oklahoma mineral interests through probate, such proceeding must occur within the state of Oklahoma. An Oklahoma probate is needed even though the owner may have had a probate proceeding in another state.
If you believe that you and your family own mineral interests in Oklahoma, and you don’t know where/how to start looking, please Contact Us for a FREE consultation. Our firm would love to help you locate ‘lost’ interests and regain ownership.
Unclaimed Property/Suspended Funds
When mineral operators do not have current information or when new companies find outdated land records, the accounts may be placed in suspension. In addition, the related funds are often sent to various entities to be held in the owner’s name.
Our firm would love to help your family recover these ‘lost’ mineral interests and related funds. As part of the process, we also notify the oil operators about the ownership or address change to ensure that the right persons are in pay-status.
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