A Review of Oklahoma Oil and Mineral Rights Law
How Oklahoma is unique
Over 1.6 million people receive royalty checks from oil and gas wells in Oklahoma. Minerals rights and royalties are an important source of income for Oklahoma residents. But the laws governing Oklahoma mineral rights are complex. It is vital that you have access to an experienced Oklahoma mineral rights attorney if you are faced with questions regarding:
|
|
When an oil and gas company cannot get an agreement from all of the land or mineral rights owners in a well's area or cannot find them all, it can apply to the Oklahoma Corporation Commission to have these owners pooled. Several options of lease bonuses and royalty amounts may be offered. A good Oklahoma mineral rights lawyer can advise you of your best course of action if you are faced with questions about forced pooling.
What you need to know
Under current law, Oklahoma mineral rights can be severed from the surface rights and sold and transferred as a separate unit. Oklahoma oil rights may be produced by the owner or leased to an oil and gas company for production.
In all cases, it is important to consult an experienced Oklahoma mineral rights attorney to fully understand your mineral rights. Our attorneys can review title opinions, lease agreements, contracts, force-pooling orders, and all other agreements associated with the development and exploration of oil and natural gas on your property.
Mineral rights holders should also have legal assistance for the negotiation and review of lease and royalty agreements. We may find that an oil and gas company has breached a contract. If so, our Oklahoma mineral rights attorneys can negotiate or litigate on your behalf.
Consult with us to learn your rights
At the Sloan, Bagley, Hatcher & Perry Law Firm, our knowledgeable Texas mineral rights compensation attorneys can answer all your questions about Texas mineral rights law.
Our lawyers have the Texas oil rights litigation and negotiation skills necessary when seeking compensation for our clients. We take pride in our record of verdicts and settlements. Call us at 1-888-339-6132 to learn about fair oil and gas compensation, or contact us online.
