Oklahoma Warranty Deed for Surface and Mineral Interests
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How to fill out Warranty Deed For Surface And Mineral Interests?
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FAQ
The only way to determine mineral rights ownership in Oklahoma is to do a title search at the courthouse where the property is located. To do this, you must review all deeds and other legal conveyances pertaining to the subject tract back to 1907. Mineral ownership information is not available online from any website.
If the estate was administered by the Oklahoma courts, the transfer of the mineral rights to the beneficiaries should be recorded in the real estate records. If no transfer is filed, an affidavit can be filed.
On average, a single acre's mineral rights can range from as low as $200 to over $10,000+ on the high end. As you might expect, the prices will vary depending on the mineral in question, the number of wells currently drilled, the current production rate, the existence of pipeline infrastructure, and much more.
There are three main types of deeds: the general warranty deed, special warranty deed, and the quitclaim deed.
A mineral deed is just like a warranty deed, accept it only transfers the minerals in the sub surface of a property. A warranty deed can be used transfer both the surface, and mineral rights. But a mineral deed can only be used to transfer the minerals.
To transfer mineral rights after death Once you have filed the affidavit claiming heirship at the office of the county clerk (or with the official responsible for titles and deeds), you need to contact the oil and gas well operators to learn what documents are required to enable them to take ownership of the minerals.
The General Mineral Deed in Oklahoma Quitclaims oil, gas, and mineral rights from the grantor to the grantee. THIS IS NOT A LEASE. There are no Exceptions or Reservations included. The transfer includes the oil, gas and other minerals of every kind and nature.