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