Do they pay 12% for the nine months or only the 3 overdue months? They were trying to use an old title that was not current. I consider this their responsibility to have the correct title as it is easily available. Is this correct? This is for 6 new wells. I am still waiting on my first check.
answered on May 11, 2020
In Oklahoma, operators are required to remit payment within six months from the date of the first sale of production. Failure to do so can trigger late interest payments pursuant to 52 Okla. Stat. § 570.10. You are correct that if you have marketable title, you are entitled to 12% interest on late... Read more »
oil leases. it has gone through the courts and the judge has signed off on it. they have 4 years of money from one of the leases. I cant it them to answer my calls or sign anything over or even give me the name of the oil companys. do I need a lawyer ?
answered on Mar 12, 2020
As a general rule, at the completion of a probate proceeding in Oklahoma the district court will enter an order that all assets remaining in the estate be distributed to the heirs-at-law if there is no will or to the legatees/devisees if there is a will. If there was a probate proceeding you should... Read more »
How do I put the house in my name
answered on Feb 21, 2020
If your mother executed a deed in conformance with the Non-Testamentary Transfer of Property Act (commonly referred to as a Transfer on Death Deed) naming you as the beneficiary, you are required to record an affidavit of acceptance within 9 months from the date of your mother's death. If an... Read more »
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