Selling Mineral rights in OK

Discussion in 'The Mainboard' started by Homo Erectus, Jan 23, 2023.

  1. Homo Erectus

    Homo Erectus Upstanding Citizen
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    Have a really small non producing land plot (13 acres) in Canadian County Ok that got an offer to sell the mineral rights. If anyone knows the business would appreciate some sage advice or imput via DM.

    Thanks
     
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  2. laxjoe

    laxjoe Well-Known Member
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    Just don’t call them rock rights
    upload_2023-1-23_20-54-56.gif
     
    #2 laxjoe, Jan 23, 2023
    Last edited: Jan 23, 2023
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  3. NDJOECA

    NDJOECA Well-Known Member

    This is how hillbillies move to Beverly Hills.
     
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  4. BudKilmer

    BudKilmer Well-Known Member
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    This board literally does it all
     
  5. Fran Tarkenton

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    I would not

    they are going to frack it and ruin your resale value
     
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  6. herb.burdette

    herb.burdette Meet me at the corner of 8th and Worthington
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    I would check with someone who really knows Oklahoma law. I believe Oklahoma can force all property owners in a common source to unitize oil/gas production into 600+ acre units.

    I haven’t done oil and gas since I was right out of law school though, and I’m completely unfamiliar with it now.
     
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  7. PSU12

    PSU12 The Grand Experiment
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    Parents had some recreational land in WV that had mineral rights sold off decades before they got it. It was grandfathered in the owners got free nat gas which was nice and a couple of the neighbors back in the sticks just had gas powered generators and were off the grid, however they can kinda decide where and when they move through your property, run new lines, etc.
     
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  8. UncleJesse

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    If you sell the mineral rights it’s fine, if you sell the land and maintain your mineral rights and somebody wants to permit it for oil, you will inevitably have someone get a shotgun pulled on them for coming on their land. Source: Me, who had multiple guns pulled on him.
     
    #8 UncleJesse, Jan 23, 2023
    Last edited: Jan 24, 2023
  9. PSU12

    PSU12 The Grand Experiment
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    Side note it’s hilarious in the mountains of West Virginia there’s just gas lines running on top of the ground, hung up on trees, fences, etc. you’d smell gas and find a hole in the line and call it in and they barely gave a shit.
     
  10. Craig Pettis

    Craig Pettis Que será será motherfucker
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  11. Boo MFer!

    Boo MFer! And nothing can go wrong…oh no, it all went wrong!
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    Mineral was a great 90s emo band. That’s all I have to add.
     
  12. kinghill

    kinghill Cool American Flavour
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  13. bigred77

    bigred77 Well-Known Member
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    I know a guy who is an expert in this field in west Texas
    Not sure how different the laws are up there in yankee land, but I would be willing to ask
     
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  14. 40wwttamgib

    40wwttamgib Fah Q, Ohio
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    have half my family in WV. This definitely checks out.
     
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  15. bigred77

    bigred77 Well-Known Member
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    Wait he may be on this board
     
    #15 bigred77, Jan 23, 2023
    Last edited: Jan 23, 2023
  16. aisle seven

    aisle seven Well-Known Member
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    Wild and wonderful!
     
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  17. pperc

    pperc Well-Known Member
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  18. RockHardJawn39

    RockHardJawn39 #FranklinOUT
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    How can I help? What formations are in the area? Part of the SCOOP or STACK plays?
     
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  19. Homo Erectus

    Homo Erectus Upstanding Citizen
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    I've driven through WV and this seems on brand
     
  20. Homo Erectus

    Homo Erectus Upstanding Citizen
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    Canadian County
     
  21. RockHardJawn39

    RockHardJawn39 #FranklinOUT
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    I haven’t worked in Oklahoma in 7 years or so, and I really don’t know formations by county.
     
  22. RockHardJawn39

    RockHardJawn39 #FranklinOUT
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    Is this the area? upload_2023-1-23_22-23-55.png
     
  23. Hogview

    Hogview Fan of the Green board, Razorbacks
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    I deal with land in Osage county, but with 13 acres, get what you can from it.
     
  24. RockHardJawn39

    RockHardJawn39 #FranklinOUT
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    Do you know a bunch of people with neighboring tracts of land? You could pool together to negotiate better terms, but pretty much this


     
  25. Tommy Jefferson

    Tommy Jefferson Well-Known Member
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  26. Tender

    Tender Well-Known Member
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    Little bit of SCOOP, little bit of STACK.
     
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  27. laxjoe

    laxjoe Well-Known Member
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    Op I won’t trust this guy when it comes to negotiating land deals
     
  28. BudKilmer

    BudKilmer Well-Known Member
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    Have you considered putting a monorail on the land instead? I’ve heard they put them in Ogdenville and North Haverbrook
     
  29. laxjoe

    laxjoe Well-Known Member
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    I hear those things are awfully loud
     
  30. BudKilmer

    BudKilmer Well-Known Member
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    it glides as softly as a cloud
     
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  31. IV

    IV Freedom is the right of all sentient beings
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    Well if he’s negotiating for you, you’re good
     
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  32. Homo Erectus

    Homo Erectus Upstanding Citizen
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    Seems more like a Shelbyville sort of idea
     
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  33. kinghill

    kinghill Cool American Flavour
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    Please continue to keep us updated.
     
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  34. Homo Erectus

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    Will do..Appreciate the T&Ps :raptorjesus:
     
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  35. dome foam

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  36. pperc

    pperc Well-Known Member
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    It literally says Rock in your name
     
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  37. Homo Erectus

    Homo Erectus Upstanding Citizen
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    If you give me $100k I'll sign land over to you and change the thread to a UT logo free of charge.
     
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  38. WC

    WC Bad Company, ‘til the day I die.
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    *enters thread for one reason*


    DE5A6A4D-7646-45F6-8B13-8C4A793560C5.gif
     
  39. wes tegg

    wes tegg I'm a Guy's guy, guys.
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    There’s a poster whose name is something about West Texas O&G. Either he’s a huge poser or he could help.
     
  40. texasraider

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    I work west Texas but have done some Oklahoma work. Feel free to DM me. I own a small bit of minerals in Canadian County
     
  41. Colin Robinson

    Colin Robinson I swear I’m not a cop.
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    Someone called my 75 year old mother out of the blue about 5 years ago and offered her 5k for some mineral rights she owned in Loving, TX. She was about to sell, and I asked her to hold up while I found a lawyer in Loving. Quickly, we found out it was producing as part of a unit. Fast forward five years later, and she has collected over $175k from the rights. Any way you can lease instead of sell? I would be worried that they want to buy bc they know something that you don’t.
     
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  42. Homo Erectus

    Homo Erectus Upstanding Citizen
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    Thanks for the concern. I'm not going to rush the sale and take a lowball offer. Was just getting advice.
     
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  43. kinghill

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    JESUS CHRIST MARIE, THEY’RE MINERALS
     
  44. pperc

    pperc Well-Known Member
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    Rocks are made from minerals.

    I actually tagged him because he works in oil and gas tho
     
  45. kinghill

    kinghill Cool American Flavour
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    next you’re gonna tell me he’s from Philly aren’t you
     
  46. 2

    2 GBR
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    The cool thing about mineral rights is the sun makes it so you can just add a solar field on your 13 acres and not wreck the world.
     
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  47. Redav

    Redav One big ocean
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  48. Hoss Bonaventure

    Hoss Bonaventure I can’t pee with clothes touching my butt
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    Lot of companies will lease and pay yearly. It’s also easier to sign over if they sell off the line to another company.
     
    IV likes this.
  49. BuckeyeRiot

    BuckeyeRiot Team Nicki
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    You’re just going to go over the mileage limit.