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Custer County, OK - Oil & Gas Discussion

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Custer County, OK - Oil & Gas Discussion

Oil & gas discussion group for those interested in Custer County, OK. Share your experience regarding lease bonus, royalty rates, drilling activity, and oil & gas news.

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query

Started by Linda Ratcliffe Jul 27, 2011. 0 Replies

Just received a letter from Oklahoma Mineral Owner Registry. Is this private company, which requires annual fee, used by all mineral owners? Is it verified by state government?

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Comment by Linda Ratcliffe on July 28, 2011 at 10:02am
Thanks, Laura. Good advice. Our situation is that 8 siblings inherited this property from our mother who inherited it from her father, so it appears each one of us has to register with the company and not just a representative for the property. At this point, I suspect the registry company will make more from our registration fees than we will make from options on the mineral rights!
Comment by Laura Reagan on July 28, 2011 at 3:17am
I pay that fee and register and this year I got an 8,000.00 check for suspended funds which I assume they got the updated address from the registry.  The way these companies mess up, it seems to me a good idea to register current information.  Wish Texas had one of these.  Even if you own only non producing minerals, you never know when landmen will need to find you.
 

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