Finding Value of Mineral Rights Converse County


#1

My mom and her siblings inherited mineral rights in Converse County-25-37 North- 72 West- approximately 2600 acres. Gas transfer plants are on property and I know the relatives who own surface rights receive money from that. Currently gas pipeline is being put in across property. Here is my question…mom recently deeded her portion to my siblings and l. In the deed she had it written that she is to receive any royalties until her passing. That is not the issue. If the mineral rights are now legally in our names, shouldn’t we be entitled to see what the lease agreements are and what royalties are currently being paid? She says she is not getting anything right now. How is that possible? Aren’t mineral right holders entitled to royalties from what is processed at transfer stations?whatabout when the pipeline is active? How do I see what the current agreements are? Thank you


#3

Alisa,

Your mom likely granted a life estate mineral deed where she enjoys the benefits of the royalty income during her lifetime and then the entire mineral estate passes to you and your siblings upon her death. Also note that just because the gas processing plants are located on your surface rights doesn’t mean that you are entitled to the royalties. You are entitled to royalties extracted from your minerals and need wells producing those minerals in order to start receiving royalties.


#4

Does anyone know what mineral rights are selling for per acre in Converse County around Township 37 North, Range 68 West, Section 23?


#5

Miles:

Devon operates the Split Hill (Deep) Unit (Federal Exploratory Unit) that takes in that description. Depending on how one views FEUs this can be good (if they are aggressive and drill it up) or perhaps not so good (if they just sit on it and let it be held by this unit agreement).


#6

offers are all over the board for this area. It depends who your leased with, what royalty your leased at, etc.