I am trying to determine the exact amount of “net royalty” decimal interest owned in an inherited property. I’ve searched Garvin County records and found no detailed information regarding the property. We’ve now received an offer to purchase and it indicates their offer would be determined based on the decimal interest currently being paid by Red Rocks. The issue is, we aren’t currently receiving payment from Red Rock.
So, my questions are - how do I determine the exact amount owned and verify my interest? Also, is there a way to confirm current production? This is for section 4, Township 3N, Range 3W and we also fairly recently received a copy of OCC Cause requesting a MultiUnit Horizontal Well. I’d love to get all this straightened out prior to this.
Thoughts or recommendations on how to proceed?