Oklahoma mineral deed form 2025

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How much does a mineral search cost? Getting an online records search company to search for you is not cheap. The cost typically ranges from $200 to $5000 per 640 acres and depends on the results of the research.
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.
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.
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An Oklahoma mineral deed is a legal document that is used to convey mineral interest in a land it may contain a warranty of title, or could just be a quitclaim deed without title warranty. This deed is prepared and executed just like any other deed.
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.
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.

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