California Owners on the Conroe Oilfield

The Conroe Oilfield — discovered June 1931 by George W. Strake in Montgomery County, Texas — has been producing oil continuously for 95+ years. Many of today's mineral interests are owned by California residents who inherited them from a parent or grandparent who lived in or worked in Texas during the 1930s Strake-era boom. If you live in California and receive monthly royalty checks from a Texas operator on a Montgomery County lease, this guide is for you.

What You Likely Own

California-resident heirs of Conroe Oilfield interests typically hold one or more of:

Producing royalty interest — a fractional share of a producing waterflood unit's revenue, paid monthly

Non-producing mineral interest — fee mineral ownership in a section currently between producing wells

Overriding royalty interest (ORRI) — a royalty carved out of a working interest

Non-participating royalty interest (NPRI) — a royalty interest with no leasing or development rights

Selling Remotely from California

Out-of-state mineral sales are routine on the Conroe Oilfield. Buckhead Energy handles every step remotely:

Submit your information by email — county, legal description, and a copy of your most recent check stub

Receive a free written offer by email

Sign the mineral deed and PSA in front of a California notary

Receive funds via wire transfer on the day the deed is recorded with the Montgomery County clerk

California Tax Considerations

California state income tax applies to mineral sale proceeds; consult a California CPA for guidance. Inherited mineral interests typically receive a stepped-up basis to fair market value at the date of death.