Locating Deeds and Understanding Pooling Proposals

Oklahoma Mineral Rights Grady County, OK
1

Hello,

I’m the financial POA for my elderly mother who rec’d a “Pre-pooling Well Proposal” from Camino Natural Resources re: Section 33-7N-7W Grady County, OK (GLOSS MOUNTAIN 0707 21-28-33-1MXH multi-unit horizontal well). This is the first I’ve known that we own interest in this area (letter was addressed to my (deceased) father c/o my mother).

I attempted to search on okcountyrecords.com to locate a deed /understand what we own but the only thing I could find was a Oil and Gas Lease from Ward Petroleum dated 1986 in my grandmother’s name.

  1. How do i go about finding what we own?
  2. The letter provides essentially 2 choices: 1. elect to participate in the drilling of the proposed well, 2. accept one of 3 offers to lease or assign interest to Camino (cash bonus of $2500/2250/2000 per net acre with 1/8th/3/16th/1/5th royalty (delivering Camino 87.5%/81.25%/80% net revenue interest) respectively. Any assistance in understanding those choices would be great! 3. what would you do if you knew very little about mineral rights ownership?

Thank you!