Just a quick interjection here.. I am guessing that the well on their property was a gas well, and not an oil well (just a guess); the difference in $ is great. (I am a 1/6 royalty, 16% roughly..)(in Michigan)
Also, if the property and home was foreclosed on, I'm wondering how the Turpins would have retained mineral rights? (They could have deeded the minerals out before foreclosure..perhaps in to the name of one of the older offspring.)
Third (and this might not be relevant), I think Quicksilver filed bankruptcy? Their buyers must have picked up the leases in the area.
After participating in a lease of my property since early 2000's, I can say that here, in Michigan, my monthly royalty has gone down every year. On a ninety acre parcel, the royalty pays for a nice dinner out now. Of course, everything is bigger in Texas, right?
All just my opinion. (My SO has worked in gas and oil for thirty years..)
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New owner has Mineral rights. And looking at properly records you can see when they started with jmho are those oil wells in area.
And the county had new address in CA.
Owner
Name: TURPIN DAVID A Owner ID: 10024551
Mailing Address: 39550 SAINT HONORE DR
MURRIETA, CA 92563-4096 % Ownership: 100.0000000000%
2010
Property ID Geographic ID Type
Property Address
Owner Name Appraised Value
120169 14010-21300-00080-000000 Real
HCR 1123 RIO VISTA, 76093
TURPIN DAVID A $120,100 View Details
120192 14010-21300-90082-000000 Real
595 HCR 1123 RIO VISTA, 76093
TURPIN DAVID A $101,800 View Details
355237 14010-21300-00080-000001 Mobile Home
HCR 1123 RIO VISTA, 76093
TURPIN DAVID A $63,960 View Details
Value history:
Year Improvements Land Market Ag Valuation Appraised HS Cap Assessed
2017 $103,030 $3,750 0 106,780 $0 $106,780
2016 $91,550 $3,700 0 95,250 $0 $95,250
2015 $87,700 $3,550 0 91,250 $0 $91,250
2014 $83,210 $3,400 0 86,610 $0 $86,610
2013 $82,970 $3,400 0 86,370 $0 $86,370
2012 $59,690 $3,400 0 63,090 $0 $63,090
2011 $59,690 $3,400 0 63,090 $0 $63,090
2010 $98,400 $3,400 0 101,800 $0 $101,800
2009 $98,400 $3,400 0 101,800 $0 $101,800
2008 $99,910 $3,400 0 103,310 $0 $103,310
2007 $97,470 $2,940 0 100,410 $0 $100,410
2006 $95,320 $2,630 0 97,950 $0 $97,950
2005 $93,690 $2,000 0 95,690 $2,212 $93,478
2004 $82,040 $2,940 0 84,980 $0 $84,980
2003 $77,220 $2,800 0 80,020 $633 $79,387
2002 $69,370 $2,800 0 72,170 $0 $72,170
2001 $64,900 $2,500 0 67,400 $0 $67,400
LAND VALUE
Year Improvements Land Market Ag Valuation Appraised HS Cap Assessed
2017 $5,400 $132,460 2,650 8,050 $0 $8,050
2016 $0 $130,690 2,470 2,470 $0 $2,470
2015 $0 $125,390 2,470 2,470 $0 $2,470
2014 $0 $120,100 2,470 2,470 $0 $2,470
2013 $0 $120,100 2,470 2,470 $0 $2,470
2012 $0 $120,100 2,470 2,470 $0 $2,470
2011 $0 $120,100 2,470 2,470 $0 $2,470
2010 $0 $120,100 0 120,100 $0 $120,100
2009 $0 $120,100 0 120,100 $0 $120,100
2008 $0 $120,100 0 120,100 $0 $120,100
2007 $0 $54,420 0 54,420 $0 $54,420
2006 $900 $54,420 0 55,320 $0 $55,320
2005 $900 $54,420 0 55,320 $0 $55,320
2004 $1,350 $54,420 0 55,770 $0 $55,770
2003 $1,350 $54,420 0 55,770 $0 $55,770
2002 $1,350 $54,420 0 55,770 $0 $55,770
2001 $1,350 $54,420 0 55,770 $0 $55,77
https://propaccess.trueautomation.com/clientdb/Property.aspx?prop_id=120169