People often think of how can they sell mineral rights or gas and oil
royalties but the procedure is even simpler than you would think of and stress
over the whole subject. If you are currently getting royalty checks and then
you choose to give away your oil & gas royalties for a huge sum of cash straightaway,
then you can expect an offer that bulks up to aprobable 20 to 75 months of
checks.
If you are wondering that you have
not received a royalty check, so can you still sell mineral rights?The answer is ‘Yes,absolutely’. However, it
depends on the locality of your minerals and any scheduled drilling in that location,
which can help you earn a decent amount per acre, an amount ranging from
hundreds to possible thousands of dollars. A number of businesses also offer a
free evaluation of land, which allows you to have multiple proposals awaiting your
approval so you can select the best option.
When you are selling mineral rights,
you need to understand that it is not the land that is on sale, but only the
minerals underneath it. Moreover, you can also sell only a slice of the
minerals from your land. For example, you could maintain 25% interest for the prospective
drillings by selling only 75% of the minerals on your land, subjectto the
presence of oil.
Minerals Decrease in Value as Time Passes By
The situations can go in two directions
that are poles apart if you choose to hold back your minerals and either position
can cause several problems for mineral proprietors.
·
Firstly,
it is possible that the land will be drilled and you will enjoy the monthly
incoming royalty checks but eventually you will stop receiving them and most
probably, they will decline on a monthly basis.
·
Secondly,
if you have received an offer against your property that is up for sale, for
$500,000, your mind will start exploring other possibilities because if one party
is offering $500,000 then the property might be worth more and agreeing on the
first offer that arrives would be a big mistake.
However, after you have refused to
take up the petroleum management company’s offer and they buy the land that
stands next to your property, begin extraction and drilling and then find out
that they have significantly over-estimated the mineral quantity in that area.
This scenario will have a negative impact on your land’s value rendering it
worthless.
Companies that buy mineral rights or
/ and oil & gas royalties are involved in a high-risk game. They may earn
that money back after some years, which they are paying to you or they may
never get it back. This means that these oil and gas firms are basically
gambling on better production, which is erratic.
The last point to consider before you
sell mineral rights or oil & gas
royalties is all the prospective problems that are related to the upkeep of the
property. You would have to pay the property taxes, worry on the variable income
amounts, and dealing with a number of oil and gas firms on a regular basis.
Uni Royalties Limited is your trusted
buyer of mineral royalties. We not only help you meet with potential oil and
gas firms, but as a reputed royalty purchaser, we also buy mineral rights
offering you the best deals that no other competitor could offer. If you are
ready to sell mineral rights then we
are here to buy them in exchange for a unique offer. Secure your future with
us. Visit www.uniroyalties.com.
