I received an offer on a mineral/royalty deed that I only found out about with this offer. Inherited… They offered me right around $7k; said they usually average $11/acre and I am under an acre (gross is 50) but they accepted a counter of $10k; now I am thinking that it may still be underbid… I pulled the deed which refers to another deed—does that mean it is two joint areas and does selling one mean you sold the other interest as well?
50 acres, situated in the Pedro Pereira, Jose de Jesus, and Mariano Grande Survey, A-32, Robertson County, Texas. I located a map that I was able to see where other plots were but not A-32…
I also just learned about GNA vs NA—the deed says “undivided 1/16 nonparticipating royalty in and to all of the oil, gas and other minerals and shall not participate” in the bonus or money rentals… I paraphrased the end here; I am assuming this is common language. There are no lease offers I am aware of.
I am unsure about the amount offered/accepted AND the fact that the deed refers to another deed (volume and page)—both listing my Great Grandmother and a different grantor in both.
They also have: “In addition to the specific interest and lands described above it is the intention of the grantor for the consideration previously stated to grant, sell, convey, assign, deliver and by this instrument has granted, sold, conveyed, assigned, delivered unto grantee all of grantor’s interest, future interest and after acquired title in and to all lands situated in Robertson County, Texas.”
I am reading this to mean any more that I become aware of in this county would belong to them as well?
You should NEVER sell real property (that includes minerals) without knowing exactly what you own and how much it is worth. From your description, these are predatory buyers and you should not deal with them, even if they offer any changes. And yes, if you inherit or purchase any other real property in the county, including a house, they will own it. Take all the time necessary to understand exactly what you own and its value and do not sign any agreement or deed without total review by an attorney. And there may already be producing wells and you may have a lot of accrued unpaid royalties. An NPRI means you do not sign an oil and gas lease but are paid when the mineral owner signs and wells are drilled. Do not let these people claim you agreed to a deal and have to move forward. Do not take their calls and do not send explanatory emails. Tell them that any and all further contact needs to be through your attorney. If you do not have an oil and gas attorney, look at names on this website.
Thank you for what I should already know! I had an uneasy feeling when they took my counter too quickly, and that’s when I continued to try and research this. I appreciate you and this site!
A-32 is the identifying (abstract) number for the Jose de Jesus and Mariano Grande Survey. It’s a large survey and you’ll need more information to pin down the specific location of your NPRI, but generally speaking that’s a hot area, particularly the east side extending into Leon County. Pin down where your interest is within the survey and research what’s happening there.
Below is the current Railroad Commission map of that area. At the northeast corner are two horizontal wells Comstock O&G, one of the big players in that area, just permitted. I expect the folks trying to buy your interest know all about them. You might try to determine who holds the executive (leasing) rights on your NPRI and find out if they have been contacted about leasing.
