Mineral Owner’s Fund (1371) Reporting Guidelines
House Bill 1371, signed into law by Governor Kevin Stitt on May 6, 2026, establishes the Oklahoma Mineral Owner’s Fund, a state-managed escrow account administered by the Oklahoma State Treasurer’s Office.
The fund provides a way for oil and gas producers to remit unpaid mineral royalty proceeds and accrued interest to the state when the rightful owner cannot be located or payment remains outstanding. Rather than leaving these funds with producers indefinitely or requiring lengthy court proceedings, the new process provides an alternative for safeguarding unpaid proceeds.
Under HB 1371, eligible unpaid proceeds may be transferred to the Mineral Owner’s Fund after 36 months. Mineral owners or their rightful heirs can then seek to recover funds by providing proof of identity and ownership through the State Treasurer’s Office.
The Mineral Owner’s Fund helps protect the financial interests of Oklahoma mineral owners by providing a state-managed process to safeguard unpaid royalties and establish a pathway for rightful owners to reclaim their money.
Online Holder Reporting
- Electronic filing via secure online holder reporting website required.
- Reporting software to create a NAUPA formatted file is available at HRS PRO Standard Edition.
- Visit the State Holder Reporting website to upload file.
Mineral Owner's Fund Reporting Guidelines (HB 1371)
- Create Report in NAUPA II Format.
- Report Mineral Interest Owner Name.
- Report Mineral Interest Owner Last Known Address.
- Report Production due Owners as MI13 Mineral Owner’s Fund Production.
- Report Interest due Owners as MI71 Mineral Owner’s Fund Interest.
- Report the Start Date for Calculating the 36-Month Abandonment Period.
- Select Interest Bearing: YES.
- Report the Legal Mineral Interest Description for each Property.
- Report Payor’s contact Information.
- File the Report to OST online at Submit A Report Page.
How to Make Payment
Checks should be made payable to: Oklahoma State Treasurer Mineral Owner’s Fund.
Mineral Owner’s Fund: Payor Confirmation Page and Notarized Verification and Checklist is required with check.
Please mail your check with a copy of your report upload confirmation to:
Oklahoma State Treasurer
4841 N. Sewell Ave.
Oklahoma City, OK 73118
ACH/Wire is not available.
