Replies to This Discussion

Permalink Reply by Kaki on September 27, 2012 at 10:21

It's great to receive a call like that from a landsman! May I ask what you leased for per acre?
It's very common for a person to keep the minerals so your aunt probably didn't own the surface anymore; I think you would have received notice about that especially if you had inherited it.

Permalink Reply by Stesal on September 27, 2012 at 23:40

Hello Kaki,

It was more Shock than anything else? lol I leased the land for $500.00 per acre x 3Years, + 1/8th of anything they may get? also a 2 year option. I believe this to be the going rate? All the people who i have dealt with appear to be very Professional, & also nice people.

I was told that this Lease i inherited was for Surface? I asked if she actually oqwned the land, but, they didn't know? I could really do with finding this out, but, unlike here it would appear to be more complicated?

As i'm sharing this with 7 Cousins, the money doesn't mean much, it's the fact that my late Aunt had anything like this i find fascinating.

She died in 1996, yet we only got to know about this lease a few months ago? Is there any way i could find out IF some other energy company has leased this since 1996 & up to now? I realise that after 3 years if unclaimed the State of Texas would inherit any monies, i'm, not bothered about that, just if any other company has leased it?

Thanks

Stesal.