My mother (who is 94) currently receives royalties from wells in Panola and Rusk Counties. I would like to know the estimated life of the wells (if possible, barring any unforeseen problems) and how you determine when to sell your royalties. The wells are:
Foote G/U (1H/3H/4H/5H) 699 acres/0.005049 RI
Abstract 698 T W Walden Survey
Young Grace G/U (2H) 682 acres/0,001374 RI
AB 204 I M Freeman Survey
Both are operated by Sabine Oil & Gas LLC and her royalties have gradually dropped, but seem to be holding steady now.
She pays taxes in both Panola and Rusk counties on the Young Grace well.
The Foote well is in Rusk county.
Any help/info would be greatly appreciated.
Thanks! Carolyn Preston