Petroleum Industry | The Encyclopedia of Oklahoma History and Culture

Petroleum Industry | The Encyclopedia of Oklahoma History and Culture: Also in 1906 the final Osage roll of 2,229 tribal members was completed. Tribal land was allotted, but mineral rights were held in common. Each member was entitled to one Osage headright, or one equal share of oil and natural gas royalty, and the money poured in. On one afternoon in 1924 Walters sold $10,888,000 worth of leases, with a single 160-acre lease bringing $1,990,000. Such huge wealth occasioned an "Osage Reign of Terror," a series of crimes in which Osage headright holders were swindled and sometimes murdered for their share of royalty money

History of EARLY OIL in OKLAHOMA