PeteR has spelled it out.
What you need to find out HOW MUCH of those acres you own.
We also have acreage and I have seen over and over again, where someone who actually own 1.25 acres of a given plot listed in their lease, EXPECTING that they own all of what is listed.
So don’t get too excited yet. People who write the lease rarely do any indepth research. IN our case, we actually own the majority of it, but back in the 30’s our family gave away via mineral deeds small amounts (like that 1.25 acs) but they claim they own all of it.
It can be long and difficult road. We’ve been doing research on our mineral rights in Lea county and there were a lot of little issues that can and do make a huge difference in your ownership.
In our research, we found that the family did a quiet title back in 1948, which returned all the ownership to the family. But then they sold the acre, (all 320 acres) BUT KEPT THE MINERAL RIGHTS. (thank you family for doing that) and it extinguished the claims of other people.prior to the quiet title suit.
So, don’t take this at face value.
What we did was trace the ownership of the land (land patent from US Gov) in 1913 for the first tract the family owns. Total acreage is approximately 840 acres, but from three different family members. We have one other things we have discovered over the past eight years. We have had TWO bad attorneys and we finally found one here in San Angelo that has been spot on. And we are slowly getting all our information researched in the Lovington, New Mexico land office (Elliot & Landon - it was sold to FIrst American in the past two or three years ago) and then went across the street to the Lea County court house and looked up documents that we found the listing in the title books of the Title Company…
It’s an interesting and sometimes frustrating process. As I said, we’ve been chasing the mineral rights the family still does own. Our portion is 150 - 200 acres, but that keeps changing as we continue to do the necessary research. We’ve pulled probably a hundred court certified documents relating to our families mineral rights.
But if you paid someone to do this research? We could not have afforded it. it would have been in the tens of thousands of dollars. Perhaps way more. But we did it ourselves and have been making fair progress.
Our third attorney has made huge progress, but we all agree that we are not comfortable going in front of the judge not knowing the answers to all the questions that he may ask us. So we have been going back through the documents we have, clarifying what each document says or does not say.
I wish you well. I will give you the same advice I was given when I started this journey back in 2013. The research can be very addictive. Truer words have never been spoken. But this was us doing research on my fathers side of the family which prior to then we had very little information about.
Now I know all their names, when and where they lived and died. VERY enlightening FOR US.
Good luck on your journey on this. You will have a lot of choices that you will have to make. Don’t do it quickly.