Hi I am new this. I have mineral rights in East Coal County, Oklahoma. I have have people interested in buying them. Have anyone in that area had this happen? Thank you for your help
Welcome to the Oklahoma Mineral Rights page. If you will post the Section-Township-Range, then someone on here can probably help you.
If you are new it is a good idea to make sure that you know what you own, have contacted all operators to get into pay status, checked the unclaimed funds to make sure nothing is waiting there, filed your name and address in the county courthouse along wth any probate information and learn about activity in the area.
Offers to buy often come when someone knows about pending activity or pending money and they want to benefit from it. You might want it instead.
If you give the section(s), township and range, folks on the forum can give you info on activity.
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section 10 section 15 Township 2 north, Range 9 east Don is this what I need to post? Yes I need help lol
section 10 section 15 Township 2 north, Range 9 east Is this what you need. I you can see I really know nothing about this. I have had this for years. I was told to get on this site to find out what is going on. I live in Texas not in O.K. Thank you for your help
Are you in pay status already? If you just inherited, then you need to contact the operator and get the royalties transferred to you first. Section 15 has a horizontal well with quite a bit of life left in it. and the potential for several more wells. Section 10 does not have a current well, but is surrounded by sections with multiple horizontals, so potential for the future. Buyers want any royalties pending at the state treasurer’s office or at the operator’s suspense files. Make sure you get them before deciding what to do.
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And in general, have extra copies of the death certificate. In Texas you can get from the funeral home for a fee at the time you are making arrangements. If you have multiple interests, order multiples, it will make being the executor / or interest owner easier.
Keep in mind that there may be capital gains taxes to consider. This should be evaluated prior to any sale.
This post is not legal, tax or investment advice. Reading or responding to this post does not create an attorney/client relationship.
Yes I have contacted my CPA on this Thank you
I Judy I had to get a lawyer to get things changed into your name.
Sorry I typed that wrong. I lost my husband a husband and I need to get a lawyer in O.K. to have everything changed over. I live in Texas.
I have 23 acers and now they only want to buy 2. I told them I will not sale just to to make me a offer for it all. I have not heard from them
Hi there, I received a offer from spring Rock for only 2 acres for 1,200.00 I have 23 and want to sale it all. the two areas that they want in being drilled on by Canyon Cheek energy. the of 21 has not been drilled on. I told them to talk about all 23 and get back to me. This is not easy to do living in Texas and Learning.
i went on okcountyrecords.com and searched for mineral deeds in 2n-9E in the last two years. The two purchasers I saw were Mayhawk Energy out of Norman, Ok and Tecolote Royalty, Ft. Worth, TX. There are numerous buyers out there, (including many on this site), but these two entities have, at least, purchased minerals in your area in the last two years.