My brothers and I inherited mineral rights on properties with the majority being in Liberty County, Texas (a few in Chambers, Hardin and Jefferson). A deed has been prepared and recorded listing the descriptions of properties; however, no clue as to the royalty interest in each property. I plan on obtaining all the deeds I can at the courthouse. I am assuming the royalty interest is figured out by the production company when they are in the process of preparing to lease a property? Also, I assume the royalty interest is figured by how much of the mineral interests were retained when the land was sold and also how many times it has been split generation to generation? Some of the properties are currently leased and producing some, although not as much as years back, of course. If there is a current lease on a property, can I advertise that property for lease? Any information you can send my way would be greatly appreciated. This is all new to me and my brothers. Our father never shared information about the properties he inherited from our grandfather so we are having to learn on our own what he had for all these years and never knew anything about it. Thanks for any help.
Deanna