Hello all! Very new to this, so I may a little wordy still, but bare with me-I am trying. My mom passed away in 2012 and my biological father started receiving offers because the will has not been set for probate , I received a call from my attorney on 9-14 and it will be soon. I was referred to this group. with that sAID, MY 1ST OFFER DATED 10-1-2012 IS FROM uNITED lAND cOMPANY llc FOR mineral interest purchase of $500 per net mineral acre and indicate it is for 6.6666 per net mineral acres(not sure what that means) The 2nd, dated 3-12-13 is from Maven Management Co. LLC and it is a formal offer "to purchase all or part of your mineral interest for $600 per net mineral acre". The 3rd is from Edmond Energy, LLC and is for $1500 per net mineral acre. I found a Completion Report on Strata 29 1-H, and the operator is Silver Creek Oil and Gas, LLC. Over the course of the past year or so, I just kind-of tossed this off to the side as I do not understand what any of this is and really just didn't want to deal with it. This may have caused me to shoot myself in the foot as I am fairly certain that I have been pooled because I have not responded. I am in the dark about what to do. I have an very good probate attorney here in Houston-we have won both cases that my step-father filed against me after my mother passed trying to intimidate and out-fund me because I am named as co-executor on my mothers will. I don't know how to find out any numbers/production rates(if any). I do believe I have "suspended royalties" somewhere and my "decimal interest" is 0.00130257...whatever that means. The number that I tried for Silver Creek was disconnected. Which concerns me. What to do?
Never sell your mineral rights. That's a train that just keeps stopping at the station. Not everyone or every company or business has a stellar reputation. The people within this forum are very knowledgeable and helpful. They are willing to steer you in the right direction.
Thank you. That is what the person that referred me to this page told me. I am certainly hoping to get proper information and in the process gain some knowledge. My mother was so good at this stuff and I sure wish now I would have paid more attention!
Stephen A. Barr said:
Never sell your mineral rights. That's a train that just keeps stopping at the station. Not everyone or every company or business has a stellar reputation. The people within this forum are very knowledgeable and helpful. They are willing to steer you in the right direction.
I have their phone # as (972) 573-1630. Here is a clip from their web page.
Silver Creek Contact Information
Main Number: 972-573-1630
- Fax: 972-573-4810
- Emergency: 469-499-0499
- Address: 5525 N. MacArthur Blvd, Suite 775 Irving, TX 75038
- Billing Mailing Address: PO Box 1499 Gainesville, TX 76241
Thank you! I tried to call and someone answered, but transferred me to an extension where I left a message, so I am just waiting to hear back.
Laura C. said:
I have their phone # as (972) 573-1630. Here is a clip from their web page.
Silver Creek Contact Information
Main Number: 972-573-1630
- Fax: 972-573-4810
- Emergency: 469-499-0499
- Address: 5525 N. MacArthur Blvd, Suite 775 Irving, TX 75038
- Billing Mailing Address: PO Box 1499 Gainesville, TX 76241
Janiece, Those 3 companies are trying to buy your mineral interests, much different than Oil & Gas Lease. Also check unclaimed properties in state where your Mom lived. And yes there are very knowledgeable people on here.
I apologize if I am on the wrong site. I was referred to this page, and I just now realized it is an oil and gas discussion page.
Pop over to the Hughes group (join it above under the GROUPS) and we can continue the discussion. You probably don't want to sell right now. Hughes county is heating up again. What you want to do is figure out what you own and whether it is productive right now at what reservoir level and whether you can lease at other levels.
Since you are in probate, now is a good time to straighten it all out.