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landownerPermalink Reply by keb on July 17, 2010 at 11:47

Electro, thanks very much and yes I believe this will really help us.

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landownerPermalink Reply by Prosperity on July 17, 2010 at 19:12

Expect to be in it for the long haul if the company is BP. In the process of doing this and it has been close to a year and they always comes up with an excuse for the delay. Wish it was somebody to report the O & G company to on matters like this.

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Oil & Gas ProPermalink Reply by The_Baron on July 20, 2010 at 7:49

Send a certified letter to the operator of record. provide the information as statted by electro.

LA has a cute website for unclaimed property, go there and serch for the deseased name, you may turn uup somthing there as well.

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landownerPermalink Reply by WalterC on August 5, 2010 at 6:47

I have a somewhat similar situation in Arkansas. I have a small royalty interest in a well there operated by Camterra that's been producing for 5 or 10 years. I recently learned that a deceased great uncle also owned an interest in the well. Camterra apparently never had an address for him. I do have an address for his son, who I intend to contact. Can the son still collect either past royalties or royalties going forward, do you know? Thanks very much.

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Permalink Reply by Aubrey C. Sanders, Jr. on August 5, 2010 at 7:03

If the Uncle did not leave a will bequeathing ownership to others your cousin and any siblings are entitled to payment for both present and past royalties. If Uncle left a widow she may be entitled to collect payment.

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Oil & Gas ProPermalink Reply by The_Baron on August 5, 2010 at 7:09

Not as familiar with AR, but the royalties will be escrowed. After a certain period of time (of which in AR I am unfamiliar) the unclaimed money will be surrendered to the state.

The legal heir is entitled to the money. Call Camterra and see what paperwork they require, they will probally want a copy of a JOP or death certificate and/or affidavit of heirship at the very least. Remember it is the burdon of the royalty owner to notify the operator of any changes.

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landownerPermalink Reply by keb on August 5, 2010 at 7:06

thanks Baron. All you guys are great! The info you all provided is very helpful.

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