Ratification of Oil, Gas & Minerals

Anthony Card · 2019-10-02T16:19:43Z

Hi I'm new to the site and need some guidance - I was recently notified I own mineral rights in Nacogdoches County and received a letter from "Eagle Valley Energy Partners LLC" telling me the land is currently under a lease agreement with the land owners. The letter goes on to say I own a undivided Non-participating Royalty Interest in the track of land as described . And I am entitled to portion or royalty proceeds if the well they are currently drilling produces oil and/or gas in paying quantities, without signing a formal oil gas lease, as it relates to the tract of land only and should I wish not to participate in this process, all monies attributable to my interest will escheat to the State of Texas. Not knowing what my my Royalty interest offer is and having no rights to the negotiation of the lease and its language should I be concerned in signing this NPRI Ratification notice? Anthony

Texas Mineral Rights Nacogdoches County, TX