We are a small church that, years ago, was deeded a lease in Borden County, Texas and have received a letter stating interest in buying our royalty interest. I am trying to gather information on whether this is a legitimate offer, and or if we should hold on to the property? I’ve seen that usually the next question is location, so here that is, E/2 of Sec. 45, Blk 25, H&TC RR Co. Survey, Borden, County
What do you own? Your post says that you were “deeded a lease” which could be a leasehold interest such as an Overriding Royalty Interest (ORRI). You also say that someone expressed an interest in “buying our royalty interest”. That could mean a Non-Participating Royalty Interest (NPRI). In order to determine whether an offer is “legitimate” we would have to know what you own. (What does the deed say?) There are at least 6 wells producing from the E/2 of Section 45, Block 25. (4 Horizontal and 2 Vertical). Normally, an unsolicited offer in the mail is a lowball amount.
I would be very cautious about that offer. Looks like you have four horizontal wells recently drilled for the E2 of that section. Highpeak Energy. Are you getting paid on the Wolf Ranches 40-45 A 5H, L 5H, L 6H A 6H unit wells? They are fairly new and have may years of life left in them. If you are not getting paid, then contact Highpeak Energy Division order department and see what the issue might be. I suspect that there will be a few more infill wells drilled in that section and you would want the royalties from them if your acreage is in the drilling unit.
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I have some questions on some mineral rights in Dawson county and an offer from a company I just got. Can you possibly help me see what I’m looking at and if there’s any activity around East-Half (E/2) of Section 8, Block 35, Township 4 North, T&P RR Co. Survey, Abstract 670? If so that’d be greatly appreciated!
We received the same type of correspondence from an attorney representing an oil company trying to force us to sell our inheritance. The oil companies handling our wells wont give us any information or send us statements. Desoto Parish LA Sec. 25 T14N R13W. We don’t know what we have to begin entertaining a sale. Our inheritance is from my GG Grandfather H. Means. Any assistance is greatly appreciated.
Who did you get an offer from? MCM has been leasing in that area, including that section.
You might get more replies if you post your question under Dawson county.
You may have royalties from Exco Resources for seven horizontal wells in 25-14N-13W. Contact their Division Order department and ask to be put in pay status. Be ready with your driver’s licenses, probate documents and any other information that they need. Also check the unclaimed funds at the state treasury where she lived.
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