I currently own one-half of the mineral rights on 130 acres and a Savings & Loan owned the other one-half. I own the total surface area as well. In the mid 90's, the S & L went out of business and was taken over by the Resolution Trust Corporation who assumed all of the S&L assets. It is my understanding the FDIC took over all the assets of the R.T.S. when they were shut down.
My county records currently show the S&L that was closed are still owners of the one-half mineral rights and myself the owner of the other one-half. It also shows there has been no activity regarding mineral rights on my property.
While we have leased our mineral rights out to different oil and gas companies in the past, there never has been any production done on the property.
I would like to recover the one-half of the mineral rights we do not own and need some advise as to the best way in going about it.
Any thoughts and suggestions would be greatly appreciated.
Thanking you in advance,