I am part of a limited partnership. The Partnership has recently been contacted to lease it's mineral rights. In fact, this company is leasing mineral rights in much of Harlan and Franklin county in Nebraska.
Once my elderly mother dies, there is a good chance that some of the limited partners (sibilings) will want to sell the land as several are city dwellers. There are also water issues with Kansas and the Natural Resource District is requlating the amount of water usage.
I am concerned that a mineral rights lease may be an incumbrance to selling the land and that if drilling is done it may cause problems with the water issues.
Since I am a city sibling, do I have any reason to be concerned?