I own a farm that straddles the North Canadian River in Oklahoma. What would normally be an 80 acre farm becomes 73.4 acres on the legal documents, plus "riparian rights". In fact, the land is divided into "lots" because of the river. Likewise, I have 73.4 acres of minerals. This makes for a "short" section when you add all the mineral rights up on the division order - quite a bit less than the expected 640 acres.
It appears than no one actually owns the mineral rights under the rivers. It also appears that the oil companies reap the benefit, since the royalty payouts are less than they would be under a regular section.
Does not seem quite right. At the very least, you would think the state would lay claim to those minerals. Does anyone have any experience with this, or comments?