|Unclaimed Assets: Money The Government Owes You!|
Unclaimed Natural Gas, Oil & Mineral Royalty Payments
|Mineral Royalties / Oil & Gas Lease Payments - Missing royalty checks and lost payments|
Mineral royalties are payments to owners of the mineral rights, including oil and natural gas, for the privilege of extracting same from the ground.
Land sales in most parts of the country include the surface and what lies below, including natural gas, oil and mineral deposits. Landowners typically have the right to sell these valuable assets, generally by leasing a portion of the land to an oil or gas driller or mining company in exchange for a percentage of the profits.
Mineral royalties often go unclaimed when a landowner moves and fails to provide an updated address; and upon death, if the legal heirs fail to notify the oil, gas or mining company.
Unclaimed royalties are often easily forgotten by heirs, because most oil and gas companies wait until certain minimum payments accrue before they will issue a check. If an individual mineral owner has only a small share of the royalties on a well or mine, checks may be sent only every few months, or sometimes just once a year.
Further complicating matters is the fact a royalty producing oil or gas well may be pooled with other interests, and may be some distance away from the actual landholding, as modern techniques make it possible to reach subsurface riches even from miles away. If you believe you or a deceased family member may be entitled to unclaimed royalties, complete the form below.
|Unclaimed Mineral Royalties - Oil & Natural Gas Lease Payment Search|