Assessing value of highly fragmented minerals

Texas Mineral Rights Cooke County, TX
1

Hello,

I own mineral rights in Cooke County and Grayson county. There are a total of 154 NMA, with 89 having been leased in the past. I know nothing of production, don’t think any royalties have ever been paid.

The property is highly fragmented, I think I own 1/48 and at age 62, am one of the younger ones. Most of us live in Indiana. I think the value is not worth the trouble involved in responding to lease letters that come along every 3-5 years. Also, explaining this to the next generation will be difficult at best.

I would like to coordinate a sale among the still-owning relatives, but do not know how to go about assessing value or even who to engage to do so. Can someone recommend a course of action at a high level ?

p.s. purchase offers for the NMA in A-446 triggered all this

1 Like
2

I actually own rights on the same A0446 abstract and adjacent surface property. The A0446 surface is actually army corps of engineer owned and is part of the land bordering lake Texoma. They are starting to drill horizontal wells in the area so interest is gaining. I’ve received purchase offers also. Send me a PM if you want to discuss more details.

3

Yes, I’d like that. How does PM work here ?

4

PM does not work here. MK

6

Who is drilling? I know that Trailhead Exploration and West Bay Exploration have leased in the area but didn’t know of a filed drilling permit? What is the objective zone to be horizontally drilled?

7

If you desire to sell, you can sell your 1/48 share without the joinder of your relatives. Some options include, but are not limited to:

  1. Your relatives;
  2. The company that is seeking to purchase the interest; or
  3. An auction service; or
  4. One of the mineral buyers listed in the directory above.
8

I would encourage you not to sell your mineral rights. It appears that drilling is taking place in that area right now. This is most likely the reason for your mineral offers. Unless you absolutely need the money, hang on to those minerals. Always check out and negotiate the lease letters. Check with an oil & gas lawyer to see how to negotiate and get the best deal.

9

The particular well in talking about is operated by Oil Capital Operating LLC. Here’s the RRC page for that particular well:

CLEGG 2H

check my other post for pictures of the location and nearby. Going tomorrow to see if I can get back in and see where they’re at now.

10

Boilerup

Just pinging you here to let you know I replied to your email. Might check your spam filter. Don’t need a response just wanted try make sure you saw the answers to your questions