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The Water Cooler
General Discussion
I received a letter from the Oklahoma Mineral Owners Registry
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<blockquote data-quote="Shadowrider" data-source="post: 4307337" data-attributes="member: 3099"><p>It's not a scam. I used to work with the founder.</p><p></p><p>It's simply a way to keep your current address available to records researchers like myself and oil companies so they can contact you to purchase a lease and know where to send your royalty payments.</p><p></p><p>You'd be amazed at how often people move and don't tell the operator(s) that they have moved or give them a new address. When I went back to work after covid it was tracking owners down so that their back royalties could get paid. One lady had $87k tied up in suspense. She had died and the grand children didn't have a clue as to who to contact as she did not keep very good records. They knew she had a lot of minerals, but didn't have the details.</p><p></p><p>A service like this is particularly helpful to people who own a lot of different parcels scattered in several different counties. They don't have to fill out a hundred different change of address forms and file them in each county that they own minerals in.</p></blockquote><p></p>
[QUOTE="Shadowrider, post: 4307337, member: 3099"] It's not a scam. I used to work with the founder. It's simply a way to keep your current address available to records researchers like myself and oil companies so they can contact you to purchase a lease and know where to send your royalty payments. You'd be amazed at how often people move and don't tell the operator(s) that they have moved or give them a new address. When I went back to work after covid it was tracking owners down so that their back royalties could get paid. One lady had $87k tied up in suspense. She had died and the grand children didn't have a clue as to who to contact as she did not keep very good records. They knew she had a lot of minerals, but didn't have the details. A service like this is particularly helpful to people who own a lot of different parcels scattered in several different counties. They don't have to fill out a hundred different change of address forms and file them in each county that they own minerals in. [/QUOTE]
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I received a letter from the Oklahoma Mineral Owners Registry
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