Tips for Mineral Owners

Posted on Sunday, January 24th, 2016 at 4:12 pm    

Learning about the market and how to sell mineral rights may be overwhelming, especially to a first-time mineral rights owner. That’s why the US Mineral Exchange sought to help mineral owners obtain the maximum value for their property by providing the following tips:

  • Provide all documentation
  • Steer clear of common mistakes
  • Learn the basics of mineral rights value
  • Understand the market value
  • Know that  only selling half of your mineral rights is an option
  • Never take the first offer, and study the offers well before deciding
  • Do not take unsolicited offers to sell your mineral rights
  • Get help from professionals
  • Option agreements are usually red flags

Owners, especially those who are new in the industry, may benefit from the years of experience and expertise our team of professionals can offer. If you are looking to sell your mineral rights, consult with The Mineral Auction team before making any major decisions. We understand the complexity of the world of mineral rights, and we want to help you get the best deal possible for your property. Call our Austin office at (512) 698-2802 today.


Your Rights as a Mineral Estate Owner

Posted on Monday, January 4th, 2016 at 5:54 pm    

America’s policies regarding mineral rights favor the property owners by giving them the right to do what they will with the resources on their land. This has been great for Texas land owners, as our state has had a rich history of mineral production since 1869. Approximately two thirds of Texas actively produces oil, and the state actually produced about 35% of the country’s overall oil output in 2013.

When a new reserve of minerals is discovered on land in Texas, the current owner of that land automatically comes into possession of the full rights to all the minerals that may be found there. Only in instances where previous property owners retained surface or mineral rights will a current owner not be given possession of these rights. Records of mineral right ownership are kept in local county clerk’s offices and available to all upon request.

There have also been many cases where landowners were not aware that minerals existed on their property until oil and gas companies brought it to their attention with inquiries and monetary offers.

If you are looking to sell your mineral rights in Texas, the professionals at The Mineral Auction can help you find buyers and secure the best deal available. Call us at (512) 698-2802 today to learn more.

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