Considering sale of OK minerals in Stephens and Latimer Co

Hello!

I currently live in Texas. As a general rule I don’t sell minerals but am getting older and would hope to avoid an OK probate if something did happen.

With my limited online resources I don’t see anything going on in these areas but I know anything can happen over time. Any info would be appreciated. I currently own interests in the following:

STEPHENS 9.4 nma 6-2s-6w, 20 nma 14-2s-7w, 50 nma 35-1s-74. LATIMER 10 nma 26-6n-22e.

Additionally, there are a couple of Stephens nma in 27-1n-4w that Continental is about to spud.

Thanks!

Put in a trust or LLC to avoid probate.

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Couldn’t a Transfer in Death Deed be done instead of trust to avoid OK probate? TOD Deed seems like a simpler and less costly process.

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Good idea, but not sure. I’m familiar with POD or TOD for bank or brokerage accounts. Each state’s real property law can be different, so you’d need to check for OK. I’m in Texas and have heard that it can be done for residential real property. Since mineral interests are real property, I suppose it could be done in Texas, just haven’t seen it yet.

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Hi my name is Michael DesAngles & i just sold my mineral right in Stephens county & Continental offered me a good price for parcel $9000 an acre so i would see what they are offering you!

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STEPHENS 9.4 nma 6-2s-6w- old wells out of the main new horizontal play. I do not see any active permits or nearby leases at this time. Will likely not get much interest.

20 nma 14-2s-7w- old wells out of the main new horizontal play. I do not see any active permits or nearby leases at this time. Will likely not get much interest.

27-1n-4w-I would not sell if Continental is about to spud. Take the royalties on the new horizontal wells. They will be much better than the old conventional vertical wells. May be infill wells in the future.

LATIMER 10 nma 26-6n-22e. GBK Corp has two active wells. I do not see any active permits or nearby leases at this time.

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What’s going on with the Stephens County play? Where is its current prospected area? I have minerals HBP, Zenergy is current operator. Section 10-1N-8W

Activity varies by reservoir in Stephens county. Your section has mostly old wells and not in the current hot spot for the Woodford play.
Territory drilled some Hoxbar horizontal wells in sections nearby back in early 2000s.