Questions remain regarding probate transfers as savings events under ODMA

Ohio’s first producing oil well was drilled in 1860. As production increased over time, oil and gas ownership rights became more valuable, and many historical real property owners began to sever those rights from the surface of their real property. These severed oil and gas rights were often passed down from generation to generation, by testate or intestate succession, leading to fractional ownership interests. It became increasingly difficult and burdensome for oil and gas producers throughout the state to identify the holders of these fractional oil and gas ownership interests.