Waterford, CA asked in Energy, Oil and Gas for Oklahoma

Q: Inherited land and minerals in OK . Got a division order to sign. Would a new lease or agreement have to be signed?

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1 Lawyer Answer
Richard Winblad
Richard Winblad
PREMIUM
Answered
  • Edmond, OK
  • Licensed in Oklahoma

A: Probably not. You are likely bound by your predecessor’s lease (or pooling order) for the well in question.

Also. You are entitled to royalties in Oklahoma even if a division order is not signed by you. Some companies try to get concessions with orders. But make sure they have your tax information in a W-9.

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