My 3 brothers and I share a mineral right in Reeves County, TX that was deeded to us when my mother died. I have been getting letters for 5 years offering anywhere from $200 to the highest of $5000. I wrote a Landman recently who just offered me $100,000 for my share. How do I find out what my mineral interest is really worth? .
Also, we discovered that my grandfather had purchased two pages of various mineral interests located all over Texas which he put in a trust with my uncle (mother’s brother) being trustee of the trust. My grandfather’s will designated that these mineral interests were to be divided between his heirs at the death of my grandmother, which was in 1967. . It appears that these mineral interests have never come out of the trust and my uncle has been receiving royalties all this time. My mother never received her share. My uncle deeded her only one of the mineral interests, which I was just offered the $100k, 8 years after my grandmother died. My uncle does not know that we are aware of the mineral interests! We became aware of them when BHP Billion called and said the deed my uncle gave my mother was incorrect and only covered surface to 3000 ft. They pulled up the will and trust and that’s how we discovered all these other interests. My brother and I hired a Landman to research 3 counties to see if the interests were still in the trust, which they were in those counties. This Landman said he could only hope to assemble a list of mineral interests for his children. I would appreciate any advice anyone has on valuing these interests, how to proceed on getting these mineral interests deeded over to my brothers and I, and how to find out how much money my uncle could have been receiving for the past 40 years, or any advice on what to do in this situation. This is a subject that I do not know much about and am needing advice. Thanking you in advance! West Palm Beach