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If the rights are held by the same entity, they will transfer together during a property sale. Conversely, if they are held by different owners, they will not automatically transfer together. Deed Language: The language used in the property deed is crucial in determining whether mineral rights are included in the sale.
How to fill out the Oklahoma Mineral Deed Form No. 251 Instructions? Gather the required information such as names, addresses, and legal descriptions. Fill in the Grantor and Grantee details accurately. Specify the details of the undivided interest being transferred. Sign the form in front of a Notary Public.
Quitclaim deeds offer a quick, simple way to transfer property ownership, particularly between trusted parties like family members or spouses. However, they come with risks and limitations, making them unsuitable for many property transactions where the buyer wants full protection of their purchase.
If you want to sell the mineral rights to a family member or friend, one (or both) of you will need to hire an attorney to draft the deed. Once the deed has been notarized, the original must be recorded in the county where the minerals are located.
For non-producing properties, the Mineral Rights Value in Oklahoma could be anywhere from a few hundred dollars per acre to $5,000+/acre. It really depends on which county your property is located in.

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Transferring Ownership in Oklahoma The proper way to transfer title is by deed or court order (including probate). However, mineral owners often use an Affidavit of Heirship (AOH), which allows the next generation to get into pay status with the operator, but can cause problems down the road when its time to sell.
An attorney can create a deed or assignment that conveys the mineral rights to the new owners. The original deed will need to be recorded in the county where the minerals are located. If there are producing wells on the property, each operator will need to be notified of the change in ownership.
While the quitclaim deed does not guarantee clear title, it does require the seller to sign away their right of ownership completely to the buyer, which could result in loss of property or money if there are any hidden issues or discrepancies that cant be determined by a standard real estate search.

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