Newbie Needs Help - value of Lubbock mineral lease or sale of rights

Texas Mineral Rights Lubbock County, TX
1

Hi,

My sisters and I inherited mineral rights to 15 acres in Section 16, Block D, L&SV Survey, Lubbock County. Can you direct us to sites that might have answers to our questions, or give us a general response (not legal advice, we understand) to our questions?

Questions:

  1. How do we sell these rights, what is their value, and are there any buyers/pitfalls we should avoid?

  2. What is the general value of the mineral lease and royalties per acre?

  3. What lease terms should we include to protect ourselves? (We’re worried that we might be liable for polluting someone’s well or other unknown events.)

Thanks for your help!

2

Has anyone helped you with your questions? I will try if you still have questions. Let me know.

3

No help yet. We’d appreciate any information you can give us/send us to a link, etc. Thanks.

4

newbie ccr said:

No help yet. We’d appreciate any information you can give us/send us to a link, etc. Thanks.

5

I may can help put you in touch with the right parties regarding leasing or selling these minerals and or giving you advice. Send me an email to: kenneth60phil@att.net - Thanks, KJ PHILLIPS