Section 19; Block 7 Reeves County Advice on selling or leasing prices

General Mineral Rights Discussion
1

My sister, brother, and I have 26.666 acres in the above area.

My brother just sold his mineral rights for a little over $11,000 an acre.

Now that my sister and I still have our mineral rights, how does that affect us?

We have 8.666 acres each. I don’t know exactly what portion my brother owned in relation to my sister and my acreage.

Since he sold his property just last week, I’m worried about how this will affect my sister and me.

Any ideas are appreciated.

I’m going to get a title run by calling a company that was recommended to me on this site.

My lease is up Jan. 2018.

2

Hi Susan,

It would make sense that each of you owned the 26.666 in equal shares of 8.8886 acres each. That being said, each owner is separate from other owners even if you own in the same tract or piece of land. Because your brother sold his acres, it will not affect your ownership. You still have the same ability to lease or sell your minerals. There are no repercussions for you and your sister because your brother sold his share; things go about as normal and you have complete control over your 8.8886 acres.

Do you have a copy of the Deed that gave you the acreage? Unless the deed has some weird language, I should be correct and it should be your sole and separate property from your brother and sister.

I’ll be more than happy to answer any other questions.

Best, Cameorn

3

Hi Susan -

Cameron is correct. Your and your sister’s interests are stand-alone interests. Your brother’s selling has nothing to do with your ownership.

And I don’t think you need to pay anyone to run your title out. That can be very expensive (possibly thousands upon thousands of dollars) and since you appear to already know what you own, you don’t need to spend the money.

If you are interested in the history of your interests anyway, you can add a provision to your next lease requiring that the company that leases it provide you with any Title Run Sheets or Title Opinions they prepare or obtain covering your lands. That is free.

Hope this helps -

Charles Emery Tooke III Certified Professional Landman Fort Worth, Texas

4

Very good advice here. No need to spend the money on title. If you sell your interests, it is the presumptive buyers’ obligation, not yours.

5

Susan -

If you will tell us the legal description of your lands, I will look up what is happening in your area for you.

If you want to do that privately, accept my offer to become a Friend on The Forum and you can send it to me that way.

Charles