Recently received a call from Buffalo Bayou statin they were interested in 4 acres that was owned by my grandfather. 20k an acre. What is my plan of action? How do I find out if there are drilling prospects or what the real Value is?
Welcome to the forum.
Get informed before making any decision. If you give the Block, Abstract and Section, forum members can help with nearby activity. First offers are often not the final offer. Offers may not match what you might get by getting royalties. Also check to see if there are any unclaimed funds sitting in the state treasurer’s office from your grandfather’s state of residence. Any buyer would also be able to claim those funds if the heirs do not.
Find out if you have current production and notify any operators that you have inherited to get into pay status. Lots to do before making any decision.