Having been discovered accidentally in 1954 during a survey to look for petroleum deposits, uranium is among the most valuable minerals productively being recovered across Texas, specifically within uranium-rich areas of Coastal Plain and Trans-Pecos.

During the ’80s, uranium was the second in value among all the metallic elements mined in Texas. Apart from its military usage, uranium is utilized to fuel nuclear power plants across the country. In fact, 9% of the uranium needed by the nuclear power plants across the U.S. were extracted in the country in 2011.Other civilian usages of uranium include production of stains and dyes for wood and leather industries, and a component in lamp filaments for stage bulb lighting.

Uranium is indeed a valuable metallic mineral. By selling your uranium mineral rights, you are providing you and your family the opportunity to be financially stable and independent. To discuss about your plans of selling your mineral rights in Texas, consult with our team of brokers at The Mineral Auction by calling (512) 698-2802 today.

American Energy Partners announced on Monday that amid its plans of entering into pipeline partnerships, acquiring oil-producing assets, and possible initial public offerings, the company is still allocating millions of dollars’ worth of funding to purchase mineral rights in some of the country’s most prolific oil-producing regions, Fuelfix reported on Tuesday, December 2.

The company, which is owned by former Chesapeake CEO Aubrey McClendon, said it will set aside $500 million from equity commitments to buy 28,000 net mineral acres and secure 29,000 acres in royalty interests. Among the formations American Energy Partners plans to invest in is the Permian Basin, one of the country’s richest oilfields located in West Texas.

Many players are still eager to secure as many mineral rights as they can despite factors that threaten the overall health of the energy sector, such as pressure over fracking bans and dwindling oil prices. This enthusiasm proves that selling your mineral rights today would help you make the most out of this energy boom. To learn more about selling your mineral rights in Texas, speak with our team of brokers at The Mineral Auction by calling (512) 698-2802 today.