I’ve recently posted here about mineral acres I own in Howard County & asked information on their worth.
Received lots of information on that subject which is greatly appreciated…I still own them.
but, now I have another question.???
I was just informed I also have a Non Participating Royalty Interest that is of record title in MARTIN County.
Royalty deed dated 3-17-1954. My interest is 1.87 nma located on
NW/4 S/2 NE/4 & the NE/4 NE/4 of Section 1, Block 35 T2S. (T&P RR Co. Survey)
A land man contacted me and gave me the information with a proposal to buy these Royalty interests. I don’t know anything about Royalty interests except there are no leasing rights …only the right to share in Royalties that come from the Subject Lands. As I mentioned before, I did not know I had these nma or Royalty interests.
Would anyone know if this is a common occurrence to be offered to be bought out ??? Thank you kindly.
And I am not familiar with MARTIN County activity.