If this is not the right forum, please redirect me. On to business…
My mother passed away last year so my brothers and I inherited her mineral rights to the Nichols 1-26 well in Pittsburg County. She had a very small interest, and we each got 1/3 of that very small interest.
Wentworth sent me a letter asking if we would like to reassign our rights to them since our interest is so small. In late January, I replied that for the right price, we would be interested in talking to them.
Crickets. We heard nothing until early March and they asked for more info. Then nothing for a while. On May 1, I sent them a follow-up asking if they still were interested in reassignment. They wrote back yesterday (May 2) that they were not buying property but we could still reassign to them.
Am I missing something here? They are asking us to give this back for free? This seems like a bad idea to me. Someone may want to buy this someday and throw money at us.
Opinions?