# Is oil gas lease an asset?

**URL:** https://www.mineralrightsforum.com/t/is-oil-gas-lease-an-asset/58072
**Category:** Garvin County, OK
**Created:** [July 9, 2020, 12:52am UTC](https://www.mineralrightsforum.com/t/is-oil-gas-lease-an-asset/58072 "2020-07-09T00:52:06Z")
**Posts on this page:** 6
**Page:** 1

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### Author: ![Happygrandma](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/happygrandma/32/12631_2.png) [@Happygrandma](https://www.mineralrightsforum.com/u/Happygrandma)
#### Post date: [July 9, 2020, 12:52am UTC](https://www.mineralrightsforum.com/t/is-oil-gas-lease-an-asset/58072/1 "2020-07-09T00:52:06Z")

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Value of OGl to qualify for Va aid for nursing home.

Producing well an asset. Is OGL an asset? Thank you for your help.

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### Author: ![M\_Barnes](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/m_barnes/32/10942_2.png) [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [July 9, 2020, 1:16am UTC](https://www.mineralrightsforum.com/t/is-oil-gas-lease-an-asset/58072/2 "2020-07-09T01:16:32Z")

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You had better ask that question to an elder care attorney. Someone asked a similar question on the forum recently. I know when I did a probate recently, the minerals with a lease had a value as did the minerals without a lease, although less. But for VA, whole different lens.

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### Author: ![Richard\_Winblad](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/richard_winblad/32/11511_2.png) [@Richard\_Winblad](https://www.mineralrightsforum.com/u/Richard_Winblad)
#### Post date: [July 9, 2020, 9:33pm UTC](https://www.mineralrightsforum.com/t/is-oil-gas-lease-an-asset/58072/3 "2020-07-09T21:33:10Z")

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The minerals are a countable asset for determination of whether a veteran or surviving spouse qualifies for “aid and attendance” or other VA medical needs-related pension. The VA now has a 3-year lookback for transfers. So do not give the property away.

If applying for SoonerCare/Medicaid benefits, DHS values minerals at 3X the most current year’s payments for producing wells. They have other valuations for leased but not producing and for unleased interests. However, if the minerals produce $2,000 in royalties or less per year, they will not be counted as an asset.

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### Author: ![Happygrandma](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/happygrandma/32/12631_2.png) [@Happygrandma](https://www.mineralrightsforum.com/u/Happygrandma)
#### Post date: [July 13, 2020, 11:45pm UTC](https://www.mineralrightsforum.com/t/is-oil-gas-lease-an-asset/58072/4 "2020-07-13T23:45:32Z")

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Thank you for your help!

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### Author: ![Mescubatwo](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/m/54ee81/32.png) [@Mescubatwo](https://www.mineralrightsforum.com/u/Mescubatwo)
#### Post date: [September 14, 2020, 3:19am UTC](https://www.mineralrightsforum.com/t/is-oil-gas-lease-an-asset/58072/5 "2020-09-14T03:19:09Z")

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My father and I are working to get Medicaid for my mother, sounds like this is what we have been looking for. Only have 1 producing well at this time and has dropped off quickly.

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### Author: ![system](https://www.mineralrightsforum.com/uploads/db5755/original/3X/6/c/6c7c56608c843272ad6e3662ce9562a5956f173e.png) [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [October 7, 2020, 12:52am UTC](https://www.mineralrightsforum.com/t/is-oil-gas-lease-an-asset/58072/6 "2020-10-07T00:52:15Z")

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