Transferring Ownership of Mineral Rights
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- เผยแพร่เมื่อ 11 ก.ค. 2024
- Transferring the ownership of oil and gas mineral rights is actually really easy. It is either a one-step or two-step process, depending on if you have non-producing or producing mineral rights.
Most mineral owners find that they need to transfer the ownership at least once during their lives - usually when the mineral rights are first inherited. Ownership is also transferred after a divorce, sale, or even when transferring assets into a trust for estate planning purposes. The actual process of transferring the minerals is quite easy.
To learn more, visit:
bluemesaminerals.com/transfer...
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Btw, someone mentioned that you teach, or used teach, classes on minerals. Are these useful videos a part of that?
Some of the videos are from the course (edited to remove some content), but others were specifically created for TH-cam.
How would we go about transferring a deed to us that was issued to my great great uncle in 1929? He passed in 1939 and we just found out we are the heirs (by a company trying to buy them). He never married or had children. It involves 45k acres. Surely there must be some royalties somewhere from the last 80 years and there are companies actively producing on some of them.
You need to talk to an attorney or a landman. They can do the research and determine what needs to be done to transfer ownership (assuming it is still owned).
I have inherited mineral rights in Texas. I have been sent an offer to purchase them. How do I find the right attorney to help me determine the value or if i have Royalties and to make sure I have legal ownership so that I can leave it my kids? Thanks
You are smart to get advice from an attorney or a landman. You can find an attorney by Googling "Texas Oil & Gas attorney." Or, you can find a landman at FindaLandman.com. Best of luck!
@@BlueMesaMinerals Thank You !
5 years ago, I inherited producing minerals, but it the conveyance was through an affidavit of heirship. I've been receiving royalty checks. Can I receive royalties without having title? Do I need to go from affidavit of heirship to a deed in order to have title? Thanks! ps minerals are in Texas.
I'm not an attorney, so I can't give legal advice. My understanding is that some operators accept affidavits of heirship to put the next generation into pay status, but the title isn't clear. At any point in the future, an operator can decide that the title needs to be cured before releasing royalties. It's usually best to transfer the title properly. An attorney can help you with this.
@@BlueMesaMinerals Thank you. I did sell 50% of my interest, but the remaining I will transfer the title properly.
I owe Mineral Rights and Polk county but it’s producing very little why am I getting calls from companies wanting to buy my Mineral Rights
They might be drilling a new well. Or perhaps they are installing a solar farm and need to buy all of the mineral rights first.
What would happen if your parents transferred the ownership of a producing well mineral rights and recorded the deed to you before there death? But you allowed them to collect the checks from the operator and they claimed it on their w-9? Would you have any problems getting the operator to change the check to your name after their death and would there be any other problems?
And you filed the deed before your parents' death.
@@fredstevens4148 From what I understand, most operators do not know that a deed has been filed unless you notify them. That's why notifying the operator is a part of the ownership transfer process. I don't know the legal ramifications of your proposal, though. You may want to consult an attorney.
Thanks@@BlueMesaMinerals
"not true"!
What do you find to be untrue? The process of transferring mineral rights is relatively the same across the 12 states I work in, but Louisiana operates under a different body of law, so the process might be different there. I'd love to know what you find to be untrue and which state you are referring to. I don't know everything and certainly welcome the opportunity to expand my knowledge base.