Question for everyone . . .
I've been receiving messages from a handful of oil companies offering to purchase only my mineral acres (1/3rd) but not the physical land, which I'm not interested in doing, period. However, it was brought to my attention today that another branch of the family, who owns 1/6 of the property (physical and mineral), sold only their undivided mineral interest.
I thought an undivided interest meant they couldn't sell their content without consent of the rest of the shareholders because it impacts the other family member's shares. Can this be done? Can they sell their portion of the undivided mineral interest in the property without the consent of the rest of the family?