So...we had an offer of 1 mil 35 thousand for 53 acres in Culberson County with two producing wells.
After sending the company our last royalty check stubs to help establish our net mineral acres (which we have no idea of), using a very complicated formula that was "assigned when land started being leased in Texas", they revised their offer to about a third of the original amount. Yet, they upped their net mineral acres offer by $625, which seems strange to us.
Does anyone have a reputable entity they could suggest to perform title work to determine exactly what mineral rights we own on our property? We are not local and don't have any idea what steps we need to perform to get this accomplished.
This is not the only high-priced offer we have received, so I find it difficult to believe that we're still getting these offers when the percentage of royalty is available online for the companies to figure things out.
Thanks in advance for your recommendations.