I have been traveling and haven't been keeping up with The Forum the past few days, but I would advise that you do not sign anything or even verbally agree to anything until you know more about what is happening "on the ground".
If you will post your family's legal description(s), I will be happy to look the area up for you. If you would prefer to send it or them to me more privately, then accept my invitation to become A Friend on The Forum. You can send your information more privately that way.
In the meantime, contact your other family members and suggest that they "hold off" signing anything or even verbally agreeing to anything as well until I have had a chance to take a look.
I can do that this weekend when I get home.
I was recently contacted by a family that received an offer of $6,400 for their interests from a mineral buyer. I asked them to hold off a little while until I had a chance to research their properties.
I explained to them that while most mineral and royalty buyers are legitimate, some take the Low Road. That sometimes the company knows more than they do. That perhaps they had royalties from oil and gas production being held in suspense by the oil company(ies) because they couldn't find them and maybe, just maybe the mineral buying company was trying to buy their minerals "using their own money".
Sure enough, when I researched their properties, it turned out that they are owed something over $320,000.00.
The Pond Scum at the mineral buying company were trying to buy their minerals, not only using the family's own money, but at an incredibly instantaneous profit.
I advise no quick decisions. Patience is a virtue.
Charles Emery Tooke III
Certified Professional Landman
Fort Worth, Texas