FOR NEW YORK RESIDENTS
We help New York residents sell inherited Oklahoma mineral rights in SCOOP, STACK, Anadarko Basin, and other areas. Complete the sale without leaving New York.
Get Your Free ValuationOklahoma has been producing oil and gas for over a century, creating generational wealth through mineral rights that have passed through families. If you're a New York resident who inherited Oklahoma minerals, you're managing a valuable asset from nearly 1,500 miles away.
Many New York residents discover they own Oklahoma minerals after inheriting from family members who lived in Oklahoma during the land run era or oil boom years. Managing these assets from the East Coast can be especially challenging:
Understanding Oklahoma's unique mineral laws and pooling rules
Dealing with force pooling notices and elections from across the country
Tracking production across SCOOP, STACK, and legacy areas
Filing Oklahoma income tax returns on top of NY state and city taxes
We buy minerals throughout Oklahoma. The state's geology supports multiple productive plays:
South Central Oklahoma Oil Province in the Woodford and Springer formations. Counties: Grady, Stephens, Garvin, Carter, McClain.
Sooner Trend, Anadarko, Canadian, Kingfisher area. Counties: Canadian, Kingfisher, Blaine, Dewey, Custer.
One of the deepest sedimentary basins in North America. Multiple stacked pay zones across western Oklahoma.
Eastern Oklahoma natural gas play. Counties: Pittsburg, Latimer, Coal, Hughes, Haskell.
Oklahoma has some of the strongest compulsory pooling (force pooling) laws in the country. If an operator wants to drill a well and you haven't voluntarily leased, they can pool your minerals through the Oklahoma Corporation Commission. Understanding your options when you receive a pooling notice is important.
When you sell your Oklahoma minerals, you transfer all future pooling decisions to the buyer. For New York residents who don't want to navigate complex Oklahoma oil and gas regulations from 1,500 miles away, this can be a significant relief.
As a New York resident with Oklahoma mineral income, you're dealing with multiple tax jurisdictions:
Federal income tax on all mineral income
New York State tax on all income (high rates)
New York City tax for NYC residents (additional layer)
Oklahoma state tax on Oklahoma-source income
Selling your Oklahoma minerals eliminates the ongoing Oklahoma tax filing requirement. While you'll pay capital gains tax on the sale, you're done with annual Oklahoma returns after that. New York may provide a credit for taxes paid to Oklahoma, reducing double taxation. Consult a tax professional for your specific situation.
County, section/township/range, current production
Production data, permits, development potential
No travel to Oklahoma required
Wire transfer or certified check
We'll research your Oklahoma mineral rights and provide a written offer. No obligation, no cost.
Start Your Free ValuationOr call us at (817) 778-9532
Top 5 U.S. oil producer
Top 5 U.S. gas producer
77 counties
~35,000 active wells