Hello all,
I am a newbie to mineral rights. In 2010 I inherited the mineral rights to several sections in Kingfisher County (as well as Pottawatomie, Cleveland, Logan, and Seminole) from my late father. Basically I know very little as my father did not keep good records. I'n not sure how to go about determining if there are existing wells and, if so, whether they are producing. I have watched several very basic video tutorials on mineralrightscoach.com to try to get up to speed on the concepts and terminology but I need to know what I have in terms of acreage, net mineral interest, and existing/planned rigs. Does the SE, NE, etc indicate a further subdivision of the lot? If there are multiple rigs in that section, do I have an interest in each of them? Do operators hold royalties in perpetuity for mineral interest owners that they haven't been able to contact?
Sorry, just not sure how this works or even where to start.
Any help is greatly appreciated!!
Here are my Kingfisher properties:
3-15N-5W Lot 3 and 4 and south half NW
11-15N-5W W/2
22-15N-5W SE/4