Just joined Mineral Rights Forum and this group specifically today. I need a lot of help quickly.
A landman contacted my step-father in early 2013 shortly after my mother passed away in late 2012 looking to lease up some mineral rights located in Anderson county, specifically within the Alfred B. Davis survey A-16 (near Palestine).
First of all, this is all new to me - perhaps it would have been to my mother, as well - since the rights belonged to my great-grandfather. He and my grandmother were estranged. She used the name of her step-father growing up so I didn't even know the man's name until now.
My step-father hired an attorney who worked most of last year on getting the title straightened out and by then the landman with Kodiak Exploration, LLC (anyone know of them?) was no longer interested.
Now they are once again contacting us. I have the unfortunate position of being the main point of contact on behalf of my brothers and cousins and know absolutely nothing of what I am doing.
I can't tell what field - if any - this survey land sits over. So I'm not able to search for what activity there has been, what value there might be or who the production companies are working the area.
My family is in California (so naturally we're paranoid of litigation) and know nothing of Texas O&G leasing. We don't know what we don't know, as it were.
The lease is probably boiler plate but according to MineralWeb.com a lot is negotiable.
How accountable are we as mineral rights owners and not the land owners to whatever happens on the surface? Does the landman also negotiate with the surface owners for property access for exploration and drilling as well? Can the land owner sue the mineral owners if there are damages?
Our shares are on three different tracts - all within the same survey. Should these be contracted separately?
If I get to picky, do I mess up the whole opportunity?
What is reasonable to expect and unreasonable to ask?
Thank you for any specifics you can offer. I know I've written a lot here - hopefully pertinent and not too much fluff.