I inherited mineral rights (royalties?) from my dad, an Oklahoma native, 20+ years ago. I have looked at sites searching for information such as: Q. Is there oil, gas, shale, wells, on my mineral lot areas? Q. How do I see activity over the past many years? (I called Chesapeake last year and was told there is no current activity now or for many years for my mineral area). Then I received a check from them in the amount of $.99 end of December 2014. Q. What does it really mean to have mineral rights? Q. I recall in my initial receipt of these mineral rights when dad passed that the rights would not pass to my children but end upon my death.
Basically I know very little about this industry. Not sure if my rights are for both wells or one of the two.
I have the feeling should I wish to sell my mineral rights (if I were even allowed to sell or transfer to anyone) the value would be negligible.
Can anyone enlighten me?
Thanks,
Connie Reeder
3509324598. CAIN 1-29. (AC) Drilled not plugged. 29 20 N. 13 W NW4. CSE4. Major County 351492088300 CAIN HSR Washita County. 1-26
Also found 3593245980001 NW SE C. ? This is directly under the name CAIN but instead of CAIN it’s blank
www.appsocceweb.com was the source of the above info. But I don’t know what this info actually means. Does it tell where the minerals are located etc?