Hello, I know next to nothing about mineral/royalty interests, so I hope to get some good advice here.
First, my relative's estate has small Texas and Utah mineral interests which are to be divided among seven people. Is there an efficient and practical way to consolidate these so that the original mineral interest is not reduced into very small shares? Would an LLC or partnership or anything else be more practical (and less expensive than dividing this already small share into so many parts? What about the royalties? Not all of these interests have royalty income. One may be a working interest.
Second, a small Denbury AL Citronelle mineral interest (with royalty) must be distributed from trust to four people. Same question.
Thanks.