When Is the Right Time to Sell Mineral Rights?

http://permicoroyalties.com, selling mineral rights

If you are a land owner, your land could be worth a lot more than a normal price in your area. You could be sitting on a goldmine, literally. This is where the option to sell mineral rights may become viable.

 

It is […]

http://permicoroyalties.com, selling mineral rights

If you are a land owner, your land could be worth a lot more than a normal price in your area. You could be sitting on a goldmine, literally. This is where the option to sell mineral rights may become viable.

 

It is always a good idea to make sure the previous owner of the property did not already sell the right to extract minerals from your land. In the majority of cases the purchase of land will include the right to any minerals contained beneath. In some cases the previous owner of a property may opt to sell only the surface rights, in these instances the seller will almost always make clear to potential buyers their intentions about retaining the ability to sell mineral rights. sell gas rights 

 

In general terms the process of liquidating minerals is an easy one and can often be completed with little or no cost to the seller. There are a select few companies out there that will offer you a free mineral evaluation, the price they give you is typically only a representation of what said company would be willing to pay.

 

Some less scrupulous companies will require you to sign a contract before they will make you an offer, thus stopping you from getting multiple offers, you should try to avoid this situation. If you have previously leased your land, you own a producing royalty, or your property is located within a few miles of a producing well, your property will be much easier to assess. Whether or not your property falls into one of the above categories, it is very possible someone will be interested in purchasing it. sell oil rights

 

Before you submit your property, it is advised you gather certain documents pertaining to it. A few examples of documents that might help include your mineral deed, division order, lease agreement, check stubs, plat maps, production records, geological record, among other things. Virtually any document or record you have that relates to your property may be of help when a company is evaluating your land. In almost all instances you will be required to provide one or more of these documents before any evaluation process can begin.

 

If you decide to sell mineral rights to your land, the company that buys them will have the right to take up as much of your surface area as is needed to extract them efficiently. This by no means gives them the right to ownership of the surface, just what lies beneath it, be aware that they will often have to build access roads for transportation. With that said, most companies are very flexible, and agreements typically don't allow any activity within 200-500 yards of a dwelling, barn, garage, etc. selling mineral rights