I just found out that I inherited 10 net mineral acres from my grandmother, who died in 1970. I am being offered $200 per acre and 3/16th royalty for a 5 year lease. The property is E/2 NE/4 Sec 10 Block 5, H&TC Ry Co Survey. What should I do? Any help is greatly appreciated.
Too low. These articles may help get you started- http://www.mineralrightsforum.com/profiles/blogs/internet-resources-for-mineral-owners http://www.mineralrightsforum.com/profiles/blogs/i-may-own-minerals-so-now-what
Diana, can you please send me an email? I know an operator that may be interested in your acreage, and they would pay much higher than you have been offered.
Diane,
Depending on what County you’re in, I just leased 40 acres in Ector and it brought a $1200 an acre bonus and 25% of the Hole, no transportation costs or make ready costs either. 3 year lease. You might want to consider having your lease looked at by an Attorney, after all the Oil Companies giveth in Big Print and taketh away with small Print.
So protect your Mineral Interests with a set of eyes that knows what he is doing.