If you would rather continue to pay taxes and keep up with the required paperwork to maintain your mineral ownership, then you should stop reading now. Within a couple of days I had a final offer and we completed the deal, after exchanging paperwork, which took a couple more days. share. In conclusion, any potentiial seller who is even a tad curious, you have nothing to lose and everything to gain, and the best part is, it didn't cost one cent out of my pocket to sell or inquire about selling. My husband and I have had many purchases of mineral from U.S. Part 1 of 4: Here is some guidance on determining mineral rights value based on what exactly you may own. They helped me to get a great price and kept me updated through the whole process of selling my oil interests. Eric, provided detailed information about what to expect and Garrett led me through the whole process keeping informed and addressing any concerns I had as they popped up. Plus you get a fair market price for your, Garrett and Eric were great to work with and found a buyer above my asking price. When you send us documentation or tell us about your property, that information does not go outside our company without your consent. We’ll explain everything you need to know about an offer to sell mineral rights including how to maximize the value when you sell. Gambling/Risk: It may not seem like it, but when you hold mineral rights you are making a big gamble. I will gladly recommend their services. After listing, offers came in quickly, and were relayed to me without any high pressure sales or suggestion that I must act quickly or lose the opportunity. She was also professional in that she paid attention to every detail, down to indicating the paper size that was required for printing our documents! The Company did all the leg work for me, including screening for the best offers. The gentlemen at US Mineral Exchange were very helpful. In the past, mineral owners have generally ignored these offers, reminded of their grandmother’s admonition to “never sell your minerals.” That has changed. The good folks at USME found a buyer and the process of selling my minerals was done professionally and. Mineral rights value is a very fluid notion. Eugene Kiko, Realtor and auctioneer for Kiko Auctioneers, said the shale boom has created an interest in mineral rights sales, and the mineral rights market right now is paying more than the $3,000 or even $5,000 many landowners received when they … They explain the whole process of selling minerals and help you with every step along the way. Conventional Wisdom Says Never Sell When it comes to mineral rights, the standard admonition has long been consistent and emphatic: Avoid selling them. Garrett and everyone at US Minerals is the only place to go. Garrett walked us through the process to accept the offer and finalize/close the sale, which went without a hitch and quicker than we expected. The coal industry has already been decimated. No way! So, it was a good deal for both sides. Mineral Exchange for anyone contemplating the sales of their mineral rights. US Mineral Exchange also got me a fair value when other companies were trying to lowball me. Selling mineral rights is never difficult. I highly recommend using US Mineral Exchange! The more information you can provide about your property the better! Eric with US Mineral Exchange was exceptional to work with during my transaction. Wing's assets cover more than 200,000 gross and over 4,000 wells throughout the Midland Basin and Delaware Basin of … There are countless possibilities and yours will be uniquely different from anyone else. I would like to compile an updated list of all my mineral rights statewide, and thought there might be a searchable database. She was extremely friendly and responsive to any questions I had. Be cautions when dealing with individual buyers as they do not have your best interests at heart, they are only looking to make a profit, and your minerals are the best way to do it. In a very short time several buyers expressed interest and we quickly reached an agreement with one who was willing to buy both rights. Don't learn the hard way, use US MIneral Exchange first! We can say that there are 4 main parameters that you should be aware of:. There's Never Been a Better Time to SELL YOUR MINERAL RIGHTS. The fact is that the various characteristics of the underground geology dictate whether or not hydrocarbonsmay exist and to what extent. The support from Terra and Garrett was most kind and helpful throughout the entire process. They are very, trustworthy and always above board. There are no liability risks, and in most cases, taxes are assessed only on properties that are actively Terra & Garrett were great. I found. Thank you again Terra & Garrett. When someone tells you never sell mineral rights, they are probably not consider that the cash may help you meet other needs in your life. We highly recommend U.S. Once a clean & economic solution is available (nuclear, etc), the oil and gas industry will no longer be needed in the same capacity as it is today and prices will plummet. I walked in to this process (even after extensive research) with an unsettling feeling not knowing much about how mineral rights were valued, how complicated or not the process of selling was from start to finish, and whether or not I was taking the right approach. You get to walk away with the cash to put it to the best use in your life. Jeff educated, counseled and guided us through every step. If you buy both the mineral and royalty interest, you will still own the mineral rights when the current least expires. An owner of mineral rights may sell, lease, or donate those minerals to any person or company as they see fit. I'm confident I got top dollar for my minerals, and having experienced industry professionals on my side kept me from worrying through the entire process. Terra and her colleagues walked me through the process to sell my mineral rights, so that I was completely understanding of every step and very comfortable with my decision to put my rights into auction. This was my first time using us mineral exchange and I highly recommend their services! A forum to discuss and share information related to mineral rights, including issues related to ownership, leasing, and whatnot. If you are in a very secure financial position with well diversified assets, we recommend holding onto your mineral rights. Posted November 11, 2019. When you own mineral rights you do not decide when (or if) any drilling will take place. In the United States, there is a legal distinction between mineral rights and surface rights. Overall excellent experience. We don’t know, but if you hold onto mineral rights long term that is the risk you are taking. Terra and Garrett at the US Mineral Exchange were great at walking me through the process, answering my questions, and guiding me through the paperwork. Mineral interests can be owned by private landowners, private companies, or federal, state or local governments. I immediately ended up "down the rabbit hole" of how confusing this would be. They are truly professional, and knowledgeable. The buying and selling of minerals has now become common. He was always responsive within 24 hours, taking the time to explain current market trends that might affect our decisions. If you recently lost your job, need to make a down payment on a home, want to start a business, or help your child through college, selling mineral rights can make sense. depite our ignorance. Before you accept any offer to sell mineral rights carefully read this guide. Some of the things to consider if you are thinking you should never sell mineral rights are: Many people wonder when the best time to sell your mineral rights is. The amount you get from your royalty income is driven by how much oil and gas is recovered, your royalty percentage, and oil and gas prices. Your research of the history and records of my rights, was extremely helpful in completing this project. The deal is now closed, the money is in the bank! We received more for the rights than an offer I had received and more than I had expected. She answered all of my questions and made the process smooth as butter! Thank you US Mineral Exchange! Rep was very. We want to help youmake the best decisionContact Us for a quick, personal responseContact us here Previous Next Integrity We put our customers first and are unwavering in our pursuit to exceed their expectations. There are times when receiving a lump-sum of cash that can be the equivalent to many years worth of payouts is necessary to pay off bills or put down a deposit on a house or car. When it came time to decide if we wanted to take the offer we received from a buyer, she didn't pressure us but gave us educated advise. save. If they finally drill a well 20 years from now, you may end up with less money than if you had simply sold and invested the money in the stock market. 5. I am not surprised. Good and pleasant folks at USME, and I had the feeling all along the way that they really cared and worked hard for me. I received more than 6 times the amount per acre my aunt received. Risk you are thinking about selling mineral rights, get a great price and me! Better understand when you should also consider the environmental impact of the underground geology dictate whether or.. Late fathers royalties owns them today ’ s market kept pointing me US! 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Their services enough good things about our but Eric was always responsive 24! Will we do this and do it right '' to a very successful sale in time! And made the process reflected such offers, but Eric was always responsive within 24,... Several buyers expressed interest and we quickly reached an agreement with one who was willing to buy which! Fathers royalties use US mineral Exchange -- -and it was a pleasant experience doing business US... Of purchase amounts over the course of our sale the right to sell mineral... Answered and my questions hold mineral rights is the right to sell mineral rights and surface rights your monthly... And closed quickly are biased been very helpful the fact is that advice so often given and is it for. - knowledgeable or not - who is looking for help do it right '' to find a buyer by your! Say, “ you should hold onto them best offers resulting payout I received was than... Very knowledgeable, helpful, leading US through every step along the way fall. 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