Details are very vague to me about my mineral rights because I had no clue I even had them and I live in another state and don't talk to the family that owns them too...and I know nothing about how it works, I'm 24...
But what I know is, I am 1 of 9 people that own mineral rights to a 10 acre of land in Brazoria County.
3 years ago I leased them for $150 signing bonus for 3 years... From Eli Smith & Assoc.
I guess my sister and I got $150 and the others only got $100...
They have come with a renewal and I am wondering what to do ... I have not gotten the renewal yet to know what it says- but my sister said it's pretty much the same except they want to lease for 3 to 6 years, no definite amount.
I desperatly need money right now and I wonder if I would get anything substantial if I sold now instead of maybe getting royalties years from now...
Also, who would I sell to? Eli Smith?
Once I get it, I can post details of where it is and exact terms...
Any advice would be great! Thanks!