Birmingham, AL -- (SBWIRE) -- 12/23/2014 -- Advocate Oil and Gas was established by Oil and Gas industry icon, Brent Bawden. Advocate specializes in purchasing oil and gas minerals. Our experienced team has managed over $250,000,000 in mineral purchases the last 8 years. We are interested in discussing the financial benefits of producing royalties, non-producing minerals, and overriding royalty interests with you.
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About Advocate Oil and Gas
Advocate's niche is purchasing Royalties, Overriding Royalties, Non-Producing Mineral Rights and Working Interests nationwide. Since 2007, Advocate Executives have successfully completed over 7,500 royalty transactions. Through our vast professional experience, we have developed world-class royalty acquisition capabilities, which enables us to assess royalty holdings and close transactions at maximum market values in days where others so-called experts would take weeks.
Advocate Oil and Gas
According to Brent Bawden, "The amount of money owed to Oklahoma mineral-rights owners, who can't be located, has exploded recently as oil and gas production increase sharply across the state." An Oklahoma Corporation Commission account that holds unclaimed royalty payments for five years has ballooned from less than $5 million a decade ago to a record $53 million last year.
About Fiscal 2012
An Oklahoma Mineral account had more than 262,000 missing mineral-rights owners, with a highest individual amount owed $329,270. Another account in the Office of the State Treasurer owes about $52 million to mineral owners whom oil and gas companies report they couldn't locate. If drilling continues to expand, the combined $105 million in both accounts will likely rise.