Hi all. Crossposting this from another post on the forum. I received an offer from Texas Resources Group to purchase mineral and royalty interests on 82 acres of land in San Augustine County, TX situated in the M.C. Flournoy Survey, A-584. We originally signed an Oil, Gas, and Mineral Lease with WSH Land back in 2015 with an initial upfront bonus of nearly $15,000. My current NRI on this is .000236
As of today there is an active well (Well 1H, Mississippi Gas Unit, Property # 00010679100002 ) and I am currently receiving bi-monthly checks from BPX in the amount of ~$50/month.
TRG sent me a letter with the offer in the amount of around $3,600. This seems to be on par with 6 years of royalties. Again, I’m unsure of what the actual value of the Mineral Rights may be on this, but I would like to know because I am interested in liquidating. I cannot have children and will not be passing anything down the generation line. What would be the best way to go about getting offers on these rights?
I have done some digging on Prichard and Abbot, Mineral Insight, and looked at EnergyNet but this process appears to be rather convoluted and I’m unsure of how to move forward.
My brother and I both have the same NRI on this land. Would it benefit us to sell together rather than separate?
Thanks again everyone! - Ben