Title Question

I have a question.  We own approx.. 6.8 acres.  We signed a lease and received our signing bonus.  However, when we had a title done on our real estate, we were told that an old deed from the 1920s has a royalty reservation.   is there something in the books about royalty abandonment?  I do recall asking this question when we first signed our lease and they indicated that since we owned less than 10 acres, we do not need to worry about that.  any insight would be greatly appreciated.

Thanks.

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0ym9x5ag7ury2Permalink Reply by 0ym9x5ag7ury2 on October 20, 2014 at 5:25am

Drb,

    No one mentioned Dormant Minerals Act. Do a search on GMS and you'll see there is a process for recovering the minerals from a property based on lack of use by the mineral owner.

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