We own a sliver .0149 Net Mineral Acres in Section 33, Township 7 North, Range 7 West, Grady County. My high level question: What does one do with such a small bit?
From Camino, we rec’d records confirming the following ownership for the GLOSS MOUNTAIN 0707 21-28-33-1MXH well: Net Mineral Acres (NMA): 0.0149, Working Interest (WI): 0.002330%, so I requested
1. Status of Final Pooling Order (Cause CD No. 2025-003651 scheduled December 9, 2025), to confirm our current election status and whether we have been “deemed” into a specific bonus and royalty tier; or If the election window is still open.
2. Title Update: to transfer to Family Trust. The Affidavit of Heirship (with the Death Certificate and necessary attachments) was filed in Grady County to transfer this interest into our trust
3. Payment Instructions We want to ensure that any bonus payments or future royalty checks are issued correctly to the Trust or its heirs. Family members with similar interest have rec’d small checks, we haven’t.
I have not rec’d response from Camino. Any ideas on what to do next? Or is this just way more work than it is worth given the small bit of acreage? Thanks!
Keep doing what you are doing to get it into your trust. The Case does not have an order number yet, so stay on the look out for it as you will only have 20 calendar days in which to answer.
Send your request to Camino by certified mail return receipt so that you know that it was received. Keep a copy of everything that you send. Also send the trust name and address and the other info to the attorney listed on the case documents so that they will mail you the order in time for you to respond. The order will come from them, on behalf of Camino, so you don’t want to get missed.
My wife inherited 1/2 of the minerals in 4 lots in Alex, Oklahoma. Equates to 0.01 NMA. That would be a sliver. Received her first royalty checks last month on two new Camino wells. $700 royalty check on the first well and $400 on the second well. Her mother could have sold that sliver 25 years ago for $25. Very happy she didn’t.
Well, I agree with your main point. I’ve been managing about 100 mineral properties since 1984, and I’ve yet to see a purchase offer that made sense from the owner’s point of view. However, if my math is right, each of those four lots is smaller than my living room, so I question the .01NMA. Just sayin’…
If the deed says “undivided” then it isn’t a sliver, it is a percentage of all of the minerals in the four lots. Ask the division order analyst to give you the exact net acreage. 0.01 NMA sounds too small unless there were a whole lot of heirs over time. Anyway, glad she held onto them!
I think your interest is larger than .01 nma. If it was only .01 nma, assuming a 640-acre unit at 3/16 (to be arbitrary), $10,000,000 of gross production would be $29. If you received $700 on the largest well, for that to be .01 nma, it would require approx $240,000,000 worth of production in the first six months.
Well, after 6 hours of checking, double checking, triple checking and checking again and again, here is what I discovered. The Alex plat has lots defined as 140 feet by 25 feet. My wife’s parents bought the south 90 feet of lots 9 through 12. Ninety feet times twenty-five feet times four lots is 9,000 square feet. An acre is 43,560 square feet… 9,000 square feet divided by 43,560 sq. ft. times the 1/2 mineral interest equals 0.103305785 net mineral acres. When you do 9 times instead of 90 times, you get .010330579 which I rounded down to .01. Oops!!!
Now comes the part I had not yet connected. My wife helped her mother find the owner of a falling down house on the north 50 feet of lots 9 through 12. She was able to purchase the property and with it came 100% of the minerals. That works out to be .114784206 NMA. Added to the .10330579 equals .218 NMA.
Looking at the decimal interest on the 3 different wells (Brandon 12-5-6 #1H, Shelby 0506 1-12-13-2WXH and Shelby 0506 1-12-13-1MXHR) the NMA is .297… My guess is they are accounting for the streets, right of way, side alleys, etc. Definitely more than a sliver. The 25% royalty is the only way to go.
Thanks for the insight to Rudy Ramsey, Martha Barnes and Tim Dowd.
Grady county online records show the interest is now in the trust. So now what? It doesn’t seem worth it to hang on to this - am I wrong? If not, how do i go about selling it?
Also the pooling order NO. 755829 was issued, and Camino responded “you will need to send us an election letter as to one of the options on the subject order” - i know high royalty, less bonus is better. But does the royalty even cover the certified letter, filing 1099s, not to mention the $50 filing fee already paid to title properly?!
For a horizontal well, it may be worth hanging onto. Also, if the first well is successful, then there may be infill wells later. If you have already filed to get it titled properly, then you can sit back and wait to see what it makes. Do answer the pooling letter in the 20 days or you will get the lowest royalty. You could try selling on an auction site if you do not want to mess with it.