Hello and thank you for welcoming me to your group. My husband & I are very new to this sort of thing and need help, advice and understanding before moving forward. We were contacted recently by a landman regarding 22-9N-6W in Grady County, OK. His client is looking to purchase the mineral interest in the section from us for a specified amount of money per net mineral acre. He also attached the Oil & Land Lease of the above mentioned area showing 160 acres. Can anyone tell me exactly what this means and how all of this works? Also, is there a way to find out if we have more leases or do we have to wait for someone to call us? This particular lease dates back to 1997. Who knows how many more, if any, are out there with the family name listed?!
We've had calls like this in the past for other leases and we've always 'done nothing' but am not sure if we should continue with that approach or not.
Again, thank you in advance for your understanding of our lack of knowledge and your patience and helpful advice.