Congratulations on your inheritance.
What County are your properties located in?
Depending upon where your interests are located, you could lease your interests for CONSIDERABLY MORE than $250 per net mineral acre.
Lease negotiations are not difficult once you've been through the process a few times, but I can see how it might be a little intimidating for someone who is new to "the industry".
To start you off:
1. You want a 1/4 (25%) royalty reserved to you in your lease.
2. You want it to be for a straight 3 year Primary Term.
3. You want the highest per Net Mineral Acre (NMA) Bonus Payment you can get.
3. If they want to include an Option for them to be able to Extend the Primary Term by two years (called a "3+2"), you want the Bonus Payment for Extension to be greater than what they paid for the original Lease.
There are any number of additional clauses or provisions you can add to a Lease to better protect your interests, but there isn't room here to include them all. At a minimum you want to add a "Pugh Clause" and a "Depth Severance Clause".
If you own the surface, that changes a lot of things.
If you have any producing Wells in your Section, the Owners of the mineral and royalty rights will be available in the County's Mineral Tax Rolls. Texas Counties Tax Producing Mineral Rights Owners.
Once I have identified your lands, I will be happy to look up whether any producing wells are presently located on or include your lands. If there are, I can look up the Mineral Tax Rolls for you.
The only other way to determine who else owns interest in your Section would be to research the County Clerk, County Court Clerk and District Court Clerk's Records. That might take beginning at Sovereignty (Land Grant or Patent) and researching the Records through to today.
That's called "Title Research". It's one of the things that Landmen do.
Hope this helps -
Charles Emery Tooke III
Certified Professional Landman
Fort Worth, Texas