Whether you choose to lease or sell your minerals, 1907 Land company is dedicated to making the entire process as simple as possible.  

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Request
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Payment
 

Frequently asked questions

What are the advantages of selling my mineral rights?


Selling can give you a large cash amount up front that you can use to invest in other assets, pay for college tuition or purchase a new vehicle, boat or RV. There are also certain tax advantages to selling, such as a 1033 exchange.




How long does an oil and gas lease last?


A typical oil and gas lease last for 3 years, some leases have an option to extend for an additional amount of time, which usually includes an additional bonus. If an oil and/or gas well is drilled on your property during the primary term of the oil and gas lease, the lease will remain in effect so long as the well produces oil or gas.




What is a pooling order?


Forced pooling causes the proposed operator to search records in the county and other sources to determine all persons with the right to drill and locate them with their correct addresses. The unleased mineral owners are always entitled to retain the statutory one-eighth royalty, however, the fair market value for royalty often provides for a royalty percentage above the one-eighth. The fair market value consists of a cash bonus and royalty (percentage of revenue share on production). Frequently less cash and more overriding royalty combinations are found to be equivalents and alternates. The Pooling Order will contain other provisions, usually requiring the operator establish an escrow account for owners whose addresses are unknown or owners with title problems, provisions describing rules for future wells and limiting the time to drill to six months, longer if good cause is shown. Oklahoma's forced pooling process benefits operators, working interest partners, and mineral interest owners. It stimulates a competitive market for development of oil and gas, which results in revenues for investors and royalty owners.




What is the difference between gross acres and net acres?


Gross acres refer to the total surface acres of land, for example, the SE/4 of a certain section contains 160.00 gross acres. As a mineral owner, you would own a fractional interest in the gross acres of the tract, if you owned an undivided 1/4th interest in the same SE/4 then you would own 40.00 net mineral acres.




When will I recieve my check?


Most of our deals close within 30 business days, or less, if title is marketable per Oklahoma Title Standards.




What does marketable title mean?


Per Oklahoma's Marketable Record Title Act: A marketable title is one free from apparent defects, grave doubts and litigious uncertainty, and consists of both legal and equitable title fairly deducible of record.





1907 Land Company | 121 N. Crawford Ave, Norman, OK 73069 USA
(405) 347-1907 |  Email: Info@1907landcompany.com
Copyright © 2018 1907 Land Company - All Rights Reserved
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