My father passed away about a year ago and he inherited land from his parents which to my knowledge he did not know about. Out of the blue I received a call from someone wanting to lease my mineral rights and told me that I have inherited these rights. He sent me an email, which I posted part of it below, it is very vague on information and so I want to know what my first step should be. Not really sure where it is but based on some research I think it is in Reeves County.
The offer for the proposed Oil, Gas and Mineral Lease is $2,500.00 per net mineral acre, 3 year primary term with a 2 year option to extend along with 25% (1/4) royalty. The net mineral acres for your tract, described as Lot B, Block 25 in the Red Bluff Townsite is calculated at 0.0562442. Any help you can provide with phone numbers, address and marital status would be greatly appreciated.