My two brothers and I are brand new to the Mineral Rights scene. We first learned that we owned mineral rights in Kingfisher County (NW4 of Section 13) when we received an offer (on July 31st) to purchase our portions of a 10-acre parcel. Four days later, we received another offer. The better of the two offered $36,000 for the 10 acres, of which we each own about 0.6 of an acre. The two prospective buyers state that they have done the necessary research to establish that we, along with several related heirs, are the owners of this 10-acre parcel.
If we sell, we would each receive roughly $2,000. If we do not sell, it looks like we will be pooled, as we understand that a proposal to pool will go before an Oklahoma court in the near future.
We have no experience in matters like this, so we need some advice. What do we need to know?
A few hours ago, I also posted a more detailed summary on the home page of the Mineral Rights Forum website regarding the offers we received and the questions in our mind after having done some research. If you would, please check this out. The post is titled "New Mineral Rights Owners."