Does Oklahoma use a risk penalty approach to non-consenting mineral rights owners in forced pooling? Thank you.
no; The mineral owner or nonconsenting lessee is, typically, given an option to a) participate, b) lose/transfer their interest for a lower bonus, but higher royalty, or c) a a higher bonus and lesser royalty. It does not have a risk-penalty approach like New Mexico or North Dakota.
There’s also a risk penalty in Texas when MIPA is involved
This topic was automatically closed after 90 days. New replies are no longer allowed.