Protecting your Oklahoma Mineral Interests
How to avoid accidentally losing your minerals This article is meant for educational purposes only for land and mineral owners in Oklahoma. Landowners can’t accidentally lose their minerals, right? The answer might surprise you. It’s a story you may have heard before. An Oklahoma landowner who owned both surface and minerals entered into a contract […]
Gain Up To 6% Interest On Suspended Royalty Checks
Have you ever had your oil and gas royalties withheld in suspense due to a title issue? If so, did you know that the operator is required to pay you interest on the amount held in suspense? Interest is owed at 6%, compounded annually, for time periods prior to Nov 1, 2018. Thereafter, interest is […]
Does It Pay To Be Late?
Did you know that oil & gas operators are required to pay royalty owners interest on late royalty payments? If you receive oil & gas royalties, the operator must pay you within 6 months of the first sale of production and thereafter by the end of the second month following subsequent sales. If they do […]
Did You Read the Small Print On Your Mineral Lease Contract?
If you own oil and gas mineral interests in Oklahoma, chances are you may have received an offer to lease. While this can be exciting, remember that an oil and gas lease is a contract and the terms of this contract can have a big impact on your rights. This includes your future royalty payments. […]
Royalty Deductions – What Are They and What Can You Do About Them?
For royalty owners under Oklahoma oil and gas wells, certain post-production deductions can mean a substantial loss of royalty revenue. In some cases as much as 30% of your royalty payment can be taken from you in the form of “deductions.” Depending on your lease, you may be able to force the lessee to refund […]
Are You Missing 28% On Your Royalty Checks?
Did you know that failing to include your social security number on your division order can cause an approximate 28% deduction on your royalty check? If you live in Oklahoma, you should be exempt from the State Withholding deduction. However, if you have not provided your SSN or EIN to the Operator of your well, […]
What Does My Check Stub Say?
As a royalty owner, you may wonder how you can receive information about your Oklahoma oil and gas well, including how much production it has and what the production is worth. Each time you receive a royalty payment, you should also receive a check stub or report containing certain information about the production from your […]
How to avoid accidentally losing your minerals
This article is meant for educational purposes only for land and mineral owners in Oklahoma. Landowners can’t accidentally lose their minerals, right? The answer might surprise you. It’s a story you may have heard before. An Oklahoma landowner who owned both surface and minerals entered into a contract to sell the surface interest only. The […]