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Osage headrights are property rights, protected under federal law, that entitle their owner to receive a quarterly payment from the Osage Mineral Estate. They also entitle their Osage owners to vote for members of the Osage Mineral Council. [1] Historically, Osage headrights were linked to citizenship and voting in the Osage Nation. In 2006, a ...
R = The royalty assigned to the mineral rights owner by the oil and gas lease covering the minerals; P = Participation factor assigned to the tracts owned by the mineral owner as described in a unit agreement; Y = Additional ownership factor assigned to the owner's mineral rights by any other arrangement or agreement; D = Deductions
Kerr-McGee held substantial mineral rights on the Navajo Nation and filed a lawsuit in the federal district court seeking an injunction to prohibit the tribe from collecting the tax. Kerr-McGee argued that any tax of non-Indians by a tribe required approval by the Secretary of the Interior and the district court agreed, granting the injunction.
A map of the Oklahoma and Indian territories, circa 1890s, created using Census Bureau data. The Osage were one of the few American Indian nations to buy their own reservation. As a result, they retained more rights to the land and sovereignty. They retained mineral rights on their lands. [40]
It became a semi-autonomous district by the Oklahoma Enabling Act of 1906, and Osage County at the time of Oklahoma Statehood in 1907. [3] At that time, there were 2,229 registered Osage members. [4] As owners, the Osage negotiated the retention of the communal mineral rights to their reservation lands.
The Osage, unlike many tribes, had retained collective ownership of mineral rights on their former reservation. Osage with a full headright (those on the 1906 tribal roll) received up to $15,000 each annually in oil royalties, the equivalent of more than $150,000 in 2010 dollars. [8] The Osage were the "richest people in the world." [9]
When a mineral owner signs a lease, he receives a royalty interest. Overriding Royalty Interest: An overriding royalty interest is a share of income received, unconnected to either mineral ownership or working interest. A person or company may receive an overriding royalty by a contract with an owner of a net revenue interest.
The Million Dollar Elm was an elm tree in Pawhuska, Oklahoma. [1] The tree was the site of auctions for oil leases for Osage County, since mineral rights for the county are owned by the Osage Nation. [2] The first auction was held in November 1912 with Colonel Ellsworth Walters serving as the official auctioneer. [1]
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