MRP 179: What Are Blanchard Royalties?
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Each state is different in the way that certain aspects of royalty payments are handled. One of the more unique situations exists in Oklahoma with the concept of Blanchard Royalty Interests.
Blanchard Interests refer to the way that royalty owners were to be paid by the various Working Interest owners in a well when each working interest owner entered into a separate gas sale contract for their proportionate share of gas produced and sold.
The term Blanchard interest stems from the landmark Oklahoma Supreme Court case from 1963 between Shell Oil Company and the Oklahoma Corporation commission, often referred to as the “Blanchard Decision.”
Be sure to listen to this one if you have interests in Oklahoma or if you want to understand some tips on how to make sure you are getting paid correctly in any state.
As always, show notes with links to the resources mentioned in this episode can be found at mineralrightspodcast.com.