Can anyone explain pooling in Oklahoma? We were listed on a pooling as a "curative." Have we lost any mineral rights or royalties because of this?
You probably don't have a clear marketable title but show up somehow by name. You didn't give any information for anyone to be able to give much of an answer, more information is needed to give a more detailed answer.
My mother transferred the mineral rights by Quit Claim Deed to my sister and myself. We transferred the mineral rights by Quit Claim Deed to a family trust. This was done a few months before her death. All of the deeds and the trust were prepared by an attorney with the deeds filed in Logan County, Oklahoma. The Lowry Land Company had the lease but sold it to Sendero. The lease was for 3 years with a two year option. The 3 year lease will expire this coming November. As Trustee, following my mother's death, I transferred the rights by Quit Claim Deed to my sister and myself as tenants in common. I received an option letter from Sendero addressed to myseld as Attorney In Fact for my mother. I contacted Sendero and explained that I couldn't sign the form because when mom died my power of attorney ended. Sendero requested death certificates for mom and dad which I provided. I called Sendero and they said everything was worked out and that I would receive an option letter. I received notice from Slawson Energy that a Pooling Order had been filed and would be heard within 20 days. I again contacted Sendero and they said the deeds had not been filed correctly. I had my attorney contact Sendero and, after speaking with a landman at Sendero, he said everything had been resolved. I then received the judge's decision to approve Slawson Energy's pooling. ???
Mineral Joe said:
You probably don't have a clear marketable title but show up somehow by name. You didn't give any information for anyone to be able to give much of an answer, more information is needed to give a more detailed answer.
Okay you haven't lost anything, it just sounds like there are issues with title. If you own an interest that interest is now pooled and the best you can do is clear up the issue with the company who pooled you and then make an election before your time expires to make an election. Contact Slawson and speak to someone in the land department. It may be something as simple as recording the memorandum of trust or other simple issue. I don't understand why anyone would want a death certificate unless there is something in the memorandum you haven't disclosed here. Did you record a memorandum and were you a successor trustee? If so I can understand. If so did you record the death certificate prior to conveying the interest out of the trust? It seems to me and Slawson that there is more to the story that are an issue.