# Limited Term Mineral Interest
**URL:** https://www.mineralrightsforum.com/t/limited-term-mineral-interest/60088
**Category:** Noble County, OK
**Created:** [January 8, 2021, 4:11pm UTC](https://www.mineralrightsforum.com/t/limited-term-mineral-interest/60088 "2021-01-08T16:11:15Z")
**Posts on this page:** 7
**Page:** 1
### Author:  [@Jeannie\_Hartman](https://www.mineralrightsforum.com/u/Jeannie_Hartman)
#### Post date: [January 8, 2021, 4:11pm UTC](https://www.mineralrightsforum.com/t/limited-term-mineral-interest/60088/1 "2021-01-08T16:11:15Z")
I’m hoping someone will be able to advise me on what I will need to do. We currently have (2) wells producing in Noble County, Oklahoma, but recently found out that this was a Term Interest for 99 years at which time it will expire automatically and revert to the grantor. I would have to negotiate a new deal with the current owners. I’m asking for help as to what I would have to do and/or how to even handle this. This goes all the way back to 1923, so obviously this has been in the family for a very long time.
Any help would be greatly appreciated. Thank you.
---
### Author:  [@RachelTalasaz](https://www.mineralrightsforum.com/u/RachelTalasaz)
#### Post date: [January 8, 2021, 5:52pm UTC](https://www.mineralrightsforum.com/t/limited-term-mineral-interest/60088/2 "2021-01-08T17:52:30Z")
If you are interested in negotiating a new term with the current owners, your first step will be figuring out who owns the reversionary interest. This reversionary interest is the grantor of that document and his/her heirs and successors, so who they sold their interest to or gave upon death. In Oklahoma, mineral ownership is very fractionalized so it may be a few or whole group of people/companies. You can do research online to try to determine the current owners at [okcountyrecords.com](http://okcountyrecords.com). Since it goes back so far, you will have to also do some research in the county. Hiring a landman would be very beneficial in helping you figure out current owners.
---
### Author:  [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [January 8, 2021, 6:06pm UTC](https://www.mineralrightsforum.com/t/limited-term-mineral-interest/60088/3 "2021-01-08T18:06:49Z")
You also need to find the original document to see how it reads. Some of them extend past the original time frame if the wells are still in production.
---
### Author:  [@Jeannie\_Hartman](https://www.mineralrightsforum.com/u/Jeannie_Hartman)
#### Post date: [January 8, 2021, 6:57pm UTC](https://www.mineralrightsforum.com/t/limited-term-mineral-interest/60088/4 "2021-01-08T18:57:12Z")
Thank you for the response and information. I do know that the current owners are 5MB Farms. I was able to find that out from the Operator of the well. We have never had to negotiate a new term on any of our interests. I am just not sure how to go about all of this.
---
### Author:  [@Jeannie\_Hartman](https://www.mineralrightsforum.com/u/Jeannie_Hartman)
#### Post date: [January 8, 2021, 7:00pm UTC](https://www.mineralrightsforum.com/t/limited-term-mineral-interest/60088/5 "2021-01-08T19:00:07Z")
We did find the original documents and the first deed recorded did state if the well was producing it would extend the time, but unfortunately it was corrected a few days later and omitted that last part to just state term interest for 99 years from 1923 to 2022.
---
### Author:  [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [January 8, 2021, 11:00pm UTC](https://www.mineralrightsforum.com/t/limited-term-mineral-interest/60088/6 "2021-01-08T23:00:03Z")
You will need to get an attorney to walk you through the options. It may be a hard reversion and you get nothing or you may be able to renegotiate.
If you give the section township and range, I can look at the wells.
---
### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [April 8, 2021, 4:12pm UTC](https://www.mineralrightsforum.com/t/limited-term-mineral-interest/60088/7 "2021-04-08T16:12:04Z")
This topic was automatically closed after 90 days. New replies are no longer allowed.