For compelling reasons I want to sell my mineral rights in Grady County, OK, Sec. 12 & 1, 5N-5W. The operator, Red Rocks Oil and Gas, has drilled new wells in the area and I have contacted them to confirm if I have a share in these new wells. Are their royalty statements sufficient legal proof of ownership to present to potential buyers? Or should I try to get other documents such as a letter from them or something else?
Pretty sure your title would need to be confirmed through the county courthouse. Anyone wanting to buy your minerals would run a title search to confirm. You can show them a royalty statement to get them started, but that will most likely not be good enough.
Your buyer will have requirements. I doubt pay stubs would be sufficient.
Thanks! I’ll contact the folks at the courthouse.