In 1981 my father purchased interest in an oil well, for which I have the paperwork. I am attempting to do some research on behalf of my mother to see if, after all this time, there was/is any value in this ownership.
I have determined that the oil company operated from 1981 until 1993, and it is now dissolved. The original owners were a husband and wife team, husband now deceased. I have the location of the wife who now lives with her son, and possibly also have their current phone numbers.
The question is, what should I expect from this 'assignment of oil and gas lease'? Should there be a bank account somewhere with interest collecting for the past 30 plus years? Should I call them up and ask questions?
Added the following: The property is located in Indiana, USA. The document is titled 'assignment of oil and gas lease'. The verbiage is 'Assignor does hereby sell, assign, transfer and set of unto Assignee x/xth in and to the oil and gas lease dated xx/xx/1981 from Lessor (name of oil company) to Lessee (same as Assignor) insofar as said lease covers the following described land etc.