I was approached by an energy company as a retaliative (I’m the beneficiary) owned three mineral deeds.
I’ve located the two deeds in McKenzie County and have not located the one deed in Mountrail County. The offer included the legal descriptions.
I have located wells in two of the four sections but the ownership is in specific lots, not sure of the wells are exactly on the lots.
I assume a I need a local appraiser to provide services?
- If there are wells within the section, is it possible the wells have produced royalties that are siting somewhere?
- I assume our offer is far undervalue if there are wells, and they had to do some digging to find me as the beneficiary.
- Is it possible that the ownership included surface rights at one point as well?
- Will an appraiser located all the documents we need to make the best assumptions to value the deed?
Thanks for the assistance!