About 15 years ago I purchased a piece of property along with all mineral rights in reeves county. I have found the location of the entire block before it was broken up. My lot is approx. 11 acres. The legal description is as follows:
T&P RR Co BLK.55, Sec 18, ABS 5579, township 7S, SW/4 SE/4 SW/4
how does this help identify my lot (SW/4 SE/4 SW/4)?
google earth cord for the abstract lot:
31°13'28.57" N 103°46'08.57" W
I have recently started receiving more offers to buy, previously it was about one a year but the last couple months they have increased, while the offers remain low. Then this week I receive mail from Apache Corp requesting permission for a seismic 3D study to be done by Dawson Geophysical co. Its listed as "Utah Phase V". They are offering 20$ per acre.
My questions are, how do I identify my acreage?
What are the chances of minerals being found in this location, are other wells around it finding success?
What type of information can I expect to be transferred based on their study?
It looks like there is a lease already on the property, but I have never agreed to anything, can some one help explain whats going on currently with my lot?
Whats the real value of my lot, all rights owned by myself?
I am new to this, so any information that you could give would be great. Links to helpful resources that can help me specifically is always welcome. Thanks everyone