Our family trust has leases in Kansas, Illinois, Oklahoma, and New Mexico. All but the NM leases are old and pay small royalties. Because of complications when the trust ends with an elderly family member’s death, I and the other trustee would like to sell the leases now.
Will you share your good experiences selling leases? Can we bundle to off-load the older, less-profitable leases? Any advice appreciated. I’ve visited a few exchange sites, so that’s what I’m leaning toward. (Also what our lawyer advises.)