I have seen it from the operator or buyer side of the equation. True, nobody is going to know your genealogy like you. But it’s just numbers and experience. The Permian is getting overrun with landmen, who are leaving few (significant) stones unturned. Examples to the contrary aside, an army of a zillion landmen, running title to the MOR or Division order level (i.e. 100% ownership), everywhere in the core of the basin are probably more likely to turn up owners than the lone wife running blind.
You don’t have to look very far on this board to find multiple examples of someone who says “I didn’t know I owned this until somebody called me and made an offer”. Like this thread.
The thing is I had avoided this information from my dad like the plague for the past 60 years. Then in 2013, he asked me to take over for him. I agreed. That is how we got involved, We knew we had 320.
But by doing this research, I can now say that my family homesteaded 840 acres back in 1913/1915 - by three different relatives.
But NO ONE had done the amount of research as we have done and NO ONE now knows about our minerals than we do. Well and our current attorney.
One more thing. Just because someone is supposed to own minerals in Lea County, unless you do the LEGAL part IN Lea County, you do not. Just because you probated your parents’ will in your state means zero to anyone in Lea County UNLESS YOU FILE IT IN COURT.
That last part is really important. Because until you do whatever it takes IN THE Lea County legal system you don’t have what you think you have UNTIL the Lea County courts say it is true.
So get a good O&G attorney for whatever kind of work needs to be done IN Lea County.
Hi William, here is the link to the New Mexico Oil Conservation Division webpage where you can look up your ORI minerals by Section, Township, and Range. You would have to go to the Lea County Clerk’s office to find the original document. Or you could try courthousedirect.com.
I just saw your post. My siblings and I own some ORRI in Sections 24 and 25 of Township 21 South Range 34 East and Section 20 of Township 21 South Range 35 East. We are currently negotiating in with an end buyer. So that is fairly close by, though I get the sense that valuations can change from section to section. If you do not mind, what was the price per NRA for the interest you sold? I’d also be interested in knowing who the buyer was if that is something that you are able and willing to disclose.