Selling advice

Oklahoma Mineral Rights Garvin County, OK
1

Looking for advice on best way to proceed in valuing and selling a small inherited interest in these sections, without probate and with an Affidavit of Heirship filed about six years ago.

We have been receiving small royalties in our own names from Valdus (for Pappy & Titan) in section 17, and nothing in our own names (for Bowman, Bradley etc) in section 18.

We had been holding out for CPRP to act on their applications and orders for section 18, but are ready to sell as we get older to avoid passing on to our kids these interests that are so opaque and difficult to resolve.

Our thoughts are to reach out to Daylight and CPRP to see if they would buy based on our affidavit and receipt of royalties (and the small size of our 1 acre interest that spans both sections).

We would welcome any suggestions or advice, given our small interests the passage of time (6 of 10 years passed on our filed affidavit).

If we really should be waiting longer, would it make sense to file a deed transferring our inherited interests to one willing heir, or entity, as we wait, so that when the time comes to sell, the rights are more readily recognized and the logistics simplified (in the event that the heirs change in the interim, as one passes away and children inherit)

2

Look on okcountyrecords.com. You can do a couple of things. Put your section in the search to narrow it and then put in under type of instrument, Mineral Deed. You might also use the term min QCD. That will show you all the parties who have purchased interests in the section recently. You can expand your search by taking out the section and only searching for 4n4w. That will include mineral buyers who have taken recent action in your secion.

3

DON’T SELL! If someone wants to buy your interests, they know something you don’t, and they see potential future profits that they want to steal from you.