@John_Tennison of course it makes sense to do things in as cost effective a manner as possible - prudence calls for such in all things. In a case where “there are several active wells” and the inference you make of establishing one or more new legal entities (which of course require ongoing accounting expenses), I’d highly recommend a qualified oil and gas atty who practices routinely in OK. Way better to pay a bit on the front end for high quality counsel and direction.