In 1926, the Panhandle Co-operative Royalty Company (PCRC) was formed and exchanged one share with a par value of $50 for each 40 acres of mineral rights in Texas County, Oklahoma.
In 1927 my grandfather deeded 80 acres in mineral interest to PCRC and they recorded their mineral interest in Texas County clerk’s office. He is long gone and we have no record of these shares sale or transfer.
PCRC’s successor is a NASDAQ company “Panhandle Oil and Gas, Inc.” (PHX). I have provided their registrar with his Social Security number, but the registrar says there are no shares registered to that number. And so could be the case as my grandfather didn’t get a Social Security number until 1937.
Has anyone had experience in tracing or replacing PCRC shares? Or challenging such a mineral interest?