I am one of several who have undivided interests on minerals in San Jacinto County Tx.... I am researching the parcels that have been leased over the years and noticed several things unusual about this current lease....
The legal on our current lease (and probably the other leases over the years - I will download those tonight) has the conveyance in 1943 to an Atlantl Royalty Corporation. As I understand it they were a mineral rights buyer in the early 1900's who may now be defunct? Thus the rights revert back to the original owners and then heirs? Help me to understand this....
Also this current lease is for a 393.58 tract. There is another 100 acre tract (fora total possible lease of 493.58 acres) adjacent to this one. We leased it (the larger parcel for 493.58 acres) once in 1998 to Famcor.
This current lease for the 393.58 acres. I also noticed when doing a doc search that BP America has also leased with our 493.58 acres parcel (same parcels, tracts).
How'd they get involved? Any idea?
Thanks ahead of time...
In general, the legal description is for descriptive purposes only. It's purpose is to describe the location of the land leased for the title searcher. It doesn't have anything to do with current ownership.
I got lost on the rest. The gross acres on the lease will be what is described. If they describe 393.58 only, and there is an adjacent 100 acres that is not described on lease, then they only have 393.58 acres under lease. If they describe legally 493.58, that is the gross.
Thanks. Yes I understand legal’s on property …i am mortgage processor for a bank…and it has to be exact. For surface and purchase.probably why I question lot’s of things on the lease…lol!
.still curious how bp is leasing the property to davis holdings like we are. How do I find out how bp became a player?
I'm still not sure I understand your question, unless different companies have leased undivided interests under the same tract.
Jan Taylor said:
Thanks. Yes I understand legal's on property ..i am mortgage processor for a bank..and it has to be exact. For surface and purchase.probably why I question lot's of things on the lease..lol!
.still curious how bp is leasing the property to davis holdings like we are. How do I find out how bp became a player?
I suspect that you will have to examine the original conveyance papers to determine what happened. There may be a question of ownership of certain depths. Examine the documents carefully. Different levels may have different owners.
Thank you all for the responses. Yes that is the most likely scenario…and as such may prove difficult to get minerals back in our names…something i have been considering trying to do…However…given the rich mineral area where these are located it may be worth doing …
Open to further discussion…
Unlikely the rights reverted from the defunct mineral buyer unless it was a term mineral deed, I.e. The rights reverted after a specific term expired. Perhaps BP bought an old lease that is still in effect? Not sure without more info.
The only thing I can think of that makes sense concerning BP is an old Famcor lease from 1998. That was signed by all the family heirs but me (we had lost touch but I was easy to found)… that lease was for the 493.58 acre parcel and is the only lease I can find for that parcel .
Conventional wisdom would say that lease has expired long ago. I can’t research back far enough online and would at some point have to go to the county clerks office …unless I can get the landmans runsheet… 
It is interesting…