I inherited a Mineral Deed when my mother passed away. I know nothing about mineral deeds and currently live in WA State. The following is the description of the land in Caddo Co, can someone help me determine it's value and next steps needed to move forward?
Undivided 1/10th interest in and under Lot2;W/1 SE/4 E/2 (also described as E/2 SW/4 and SW4,
Undivided 1/10th in and the E/2 NW/4 and NE/4 of Section 24, Township9N, Range 12 W, I.M.and
Undivided 11/60ths in and under the following Lots and Blocks located in Oney, OK; S 50ft of Lots 10,11, and 12 in Block 1;Lots 1,2,3,4,21,22,23,24, In Block 1;and Lots 21,22,23,24 in Block 3Thank you for any guidance you can share, Linda Henjum
As far as I know, I can tell from reading the deed. I have received offers but just don't know if they are good or bad offers. thanks for your interest and any help you can share
Most of the action is Caddo Co is east of your mineral interest. I see that Fusion Oil Properties have recorded two leases back in May but nothing else is shown under leases. Most of the current leases in this section are from 2014 or 2013. I don't have access to any electronic records for this county and so cannot tell who might be interested in buying your minerals. Are you getting inquiries to purchase your minerals or to lease them?
Hi- This is Linda's Brother, who shares in the minerals she has described.
They are in Sec 19 TS 9n R 11w and Sec 24 TS 9N R 12W. They are 1/10 interests of approximately 180 acres. There are active gas and oil wells in the immediate vicinity.
Below is well info in Sec 19 T9n R11w
API
Operator #
Well Name
Well #
Well Type
Status
SEC
TWP
RNG
3501500076
9998
HENNESSEY
1
AC
19
9N
11W
3501521988
5910
BUTLER
19-Jan
OIL
AC
19
9N
11W
3.50152E+13
14635
REBA
19-Jan
AC
19
9N
11W
Our minerals are not currently leased - we have received offers to purchase for ~$12,000.
The geology changes quite a bit over the Caddo county area. The operators also change, so giving a section, township and range would be more helpful in getting answers.