Question by  deserae (33)

What information can you give me on Oklahoma gas and oil royalties?

I need information on OK Oil and Gas royalties.


Answer by  lcarroca (22)

If you have oil and gas royalties you may be approached by an oil company to sign a lease. You may get a set amount per acre and a royalty fraction in addition to the bonus. Typically, a producing well must be completed within the lease term, usually three years.


Answer by  vikkyrs (377)

Oklahoma gas and oil royalties are not subjected to tax in some states. For example New Mexico. Ohlahoma gas and oil royalties provide a bonus of $1,000 per acre for signing an oil and gas lease.

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