I own mineral rights in section 14-2S-3W in Carter county. I recently inherited this from my father. I just found out that there was a lease that was signed by my grandparents back in 1947.
Is there a way to ever end or renegotiate this 1947 lease? Also, how would I know if the terms of the lease were ever broken? Curious because the royalty interest agreed to in that lease are very low. Still trying to understand this very complicated business.