Most Midland County royalty owners ask the same question in the same way: “I get about this much a month — what is that worth?” It is a reasonable question, and in a shallow conventional field it would be the right one. In Midland County it is close to the wrong one, because your current…
Every January, two different organizations put a value on the same Howard County, Texas mineral interest. One mails you a tax bill. The other, sooner or later, mails you an offer. The numbers rarely match, and owners who assume the appraisal district has done the valuation work for them make one of two mistakes: they…
Two people can own the same net mineral acres in Reeves County, sign leases carrying the same royalty fraction, and open checks that differ threefold. The lease rarely explains the gap. In the Delaware Basin, where laterals run two and three miles across tract lines surveyed long before anyone drilled sideways, the two numbers that…