My grandparents bought 15 acres in Creek Co. nearly 100 years ago. It passed from them to my dad, and he sold it around 1964, but kept the Mineral Rights, because as he said, "You never know. Maybe some day!" I hadn't thought about this thing more than once or twice over the last 50 years, and when my dad passed away in '87 it didn't even cross my mind.
Yesterday, I received an offer from a Landman, stating that I am the apparent owner of the Mineral Rights, and he offered $200 acre - 1/8 share. 3 yr lease, 3 yr ext.
The property is Sec, 16, Twp 14, Range 10. I did a search on the county site, and found that the surface property owners signed a lease with the same co. (Troubadour) about 2 weeks ago.
At 67, I am the only surviving grandchild of my grandparents, and also only surviving child of my dad. I'm looking for some guidance to: 1) get the Mineral Rights officially in my name. 2) Make sure I don't 'blow it' and sign away what could be my retirement income, plus future support for my family.
Where do I start? I don't want to just sign the offer and send it off. I need education!