Hey yall,
I’m one third owner of mineral rights located in the state of Texas. I, along with two relatives who owned a third each, leased with an oil company for a set percentage of royalties + bonus. I noticed both of the others a few months later signed a “Mineral & Royalty Conveyance” to a yet another company. The verbiage states the Grantor “has granted, sold, and conveyed…all of the Grantor’s mineral, royalty, non-participating royalty and/or overriding royalty interest…” then it proceeds to list the block, section, township of the property.
As this is something I am still new too, I was unaware of this being done and am worried it may have some negative impact of mine own ownership is said location. Also it states the amount for the sell is ten dollars, I don’t know perhaps if this is just a fee for filing the sell with the county and perhaps they got paid another amount or perhaps they got scammed?
Their selling their sections will have no impact on my holdings will it? I have included a copy of the document sent to one relative (the other is the exact same except for name of grantor).
