My husband and I own mineral interests in Texas through a trust left to us by his parents. The trust is managed these days by one of the largest banks in the world. The minerals were leased about four years ago for three years. No drilling was done and the lease expired last summer. In the meantime, wells have been permitted and dug all around us - there has been production at some of them.
The bank has been less than trustworthy in some of its investments for our trust, and we have protested vociferously, so we aren't getting along with the bank at this point. We asked if there has been any interest in our property, considering all the permitting and drilling going on near us. The bank, which has its own O&G lawyers, said there was an inquiry to which the bank responded, but the inquirers never got back to the lawyers and the inquiry is now considered "stale." In light of our other problems with the bank, we're not sure whether to believe the bank or not. We're wondering if it's likely that so much would be going on around us, and yet no one is interested in our property. More wells haven been permitted on adjacent properties within the last week. Our property is Reeves Co, Block 13, Section 185. We own a half interest in 457.88 acres. (Husband's sister own the other half interest.) Thanks for your help.