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Oil/Gas/Selling Land in Crane County Texas

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Question
Mick,
We last communicated 12/14/07. My father has passed. My brother and two sisters and I now own
1/3 of 1/2 unit of Sec 9 , Blk 6  AB66 (106.7 acres) Crane County Texas. We have not tried to lease or sell since you and I last talked but my family and I all agree it is probably best to find out what it's worth and sell the land and mineral rights. When we last spoke you expressed some interest. Is this still the case? If so , get back to me when you can. Thanks.

Andy

Answer
Andy,

Certainly has been a while since we spoke hasn't it? If you are interested in selling feel free to post them on my website The Mineral Hub and I'll be happy to see if I can help you value them and find you a reputable buyer for at least the mineral rights. For the land, you'd probably want to talk to a real-estate agent in the area.

I don't believe I had my website when we last spoke Andy. In the FAQ pages of the Mineral Hub (Question 7 as I recall) you'll find information on how buyers value mineral rights for purchase. Much of the information buyers look at (production, permits to drill etc.) can be found on the Texas Railroad Commission website.

Nice to hear from you.

Hope this helps you out.
Frederick M. "Mick" Scott CMM, RPL
www.mineralhub.com
The Mineral Hub  

Oil/Gas

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Frederick M. Scott

Expertise

Oil and gas leasing, lease negotiations, how to best deal with the oil and gas companies or their representatives, buying/selling mineral rights, forced-pooling, correlative rights, deeds and conveyances, and "post-production" costs. I am most experienced with Oklahoma properties and laws, but am able to answer questions concerning other oil and gas producing states in many cases.

Experience

I am a Certified Professional Mineral Manager (CMM) certified by the National Association of Royalty Owners (NARO) in Tulsa, OK. I am also a Registered Professional Landman (RPL) with the American Association of Professional Landmen (AAPL). I have managed my family's oil and gas properties in Oklahoma for over 10 years and have dealt with many landmen, title analysts, attorneys and other oil and gas professionals in the process. I have written several articles which have appeared in various oil and gas industry magazines and newsletters. I have negotiated and drafted leases, prepared deeds, affidavits, and other legal instruments relating to my own minerals, as well as performed title, legal research, and curative work for same. I have acquired a good deal of knowledge on the subjects of oil and gas law, mineral appraisal, and landwork over the past ten years, and also worked as a professional landman and lease buyer for a time. I've seen the business from "both sides" and therefore feel confident I can help out most of the folks who ask questions in this forum.

Organizations
National Association of Royalty Owners (NARO); American Association of Professional Landmen (AAPL)

Publications
National Association of Royalty Owners "Action Report" (ROAR); NADOA Magazine, The Mineral Hub, Landman Magazine, and several royalty owner association group's newsletters.

Education/Credentials
Certified Mineral Manager (CMM), Registered Professional Landman (RPL)

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