Pecos County
Pecos County Mineral Rights Broker
If you live in Pecos County, you know that the area abounds with oil, gas, and minerals. What you may not realize is that there’s a good chance you have access to these resources on your own property. If this is the case, you may have the chance to make this turn of fate to your financial advantage. That is, you may have the ability to make money off your property by selling or leasing out the rights to resource access on your property. But how do you know the best way to maximize your potential earnings?
A mineral rights auction is an event that allows buyers to place competitive bids on the right to access mineral deposits on your property. This often works out best for property owners; unlike a normal transaction, buyers know they have direct competition and have some awareness about what prices they have to beat to strike a deal with you.
The The Mineral Auction helps property owners get the most bang for their buck. We have a proud history of assisting landowners in the Permian Basin and elsewhere. The The Mineral Auction brokerage team will work tirelessly to obtain the best offer possible. Rest assured that you will receive outstanding service from experienced professionals who know how to work with bidders so that you only get serious offers for oil and gas royalties or your mineral rights.
You need to take special care to ensure that predatory buyers and mineral rights companies don’t take advantage of you by massively undercompensating you. Watch out for buyers who contact you seemingly at random; before doing anything, you need to know what competitive rates for your mineral rights look like.
That’s where we come in. Give us a call today at (512) 698-2802 or reach out to us online. We can help you navigate which offers are serious and make sure you won’t get tricked by those who are merely kicking the tires or trying to take advantage of you. Offering a free initial consultation, The Mineral Auction is a premier fee-based mineral listing service with a network of over 11,000 buyers who are legitimately interested in your mineral resources.
Anyone who’s ever had to sell a property before knows that your first offer is rarely the best one. That’s why our service is so helpful. We make sure you see all available offers on your property so you can make an informed decision about which one is best. As noted above, The Mineral Auction also makes sure that only the good offers get through. Why waste time with bidders offering far below market value for your mineral rights or other resources?
There are a few specific things to look out for from people who’ve contacted you about your property. One is called an option agreement. This is a signed document that allows the purchaser to sell to a third party. The intermediary normally charges the third party far higher rates than they paid you, ensuring that they pocket most of the profits. That isn’t right, and you don’t have to stand for it.
Another trick to watch out for involves buyers who are ready to hand you a pre-filled-out check. While that can be enticing, it’s typically used as a deflection to prevent you from thinking critically about the potential sale or other offers. Remember that as soon as you deposit the check, the buyer now has your mineral rights at what’s likely a massively undersold price. The contract terms are binding in that scenario.
Since 2008, our team at The Mineral Auction has used our expertise and detailed knowledge of Pecos County mineral rights and the law surrounding them to help people just like you obtain the maximum benefit from the natural resources on their property. Call us today at (512) 698-2802 and let us help you get the best possible offer for your mineral rights.
Think of the peace of mind that you will enjoy knowing that your mineral rights or oil and gas leases are being handled by professionals who will take you seriously and treat you and your family with care and respect.
Texas Mineral Rights Laws
Under Texas Property Tax Code § 1.04(2)(f), mineral interests are considered real property. State law dictates that property value is determined by the property valuation of whichever taxation authority has domain over the particular area in which the property is located. Texas Property Tax Code § 11.146(a) contains a taxation exemption for a mineral interest when it has a taxable value of less than $500. This exemption applies to every single taxation area within which that an individual, group, or company owns the property.
Your mineral property won’t be subject to taxation until after the start of the calendar year immediately following the start of production. Your tax bill for this purpose won’t be due until that October – a full nine months later. The county appraisal district is the government agency responsible for everything related to taxation on property, including mineral interests. It’s that agency’s responsibility to track transactions, assess individual property value, and determine who owes tax on a property, as well as the taxpayer’s address and contact information. All of this information is generally public record except in the case of extremely rare extenuating circumstances.
Pecos County Appraisal District
The Pecos County Appraisal District handles all property value appraisal in the county. It appraises property according to the Texas Property Tax Code and the Uniform Standards of Professional Appraisal Practices (USPAP).
The Pecos County Appraisal District is located at:
201 S. Main St.
Ft. Stockton, TX 79735
432-336-7587
Mineral interests are appraised separately from property value, much in the same way as automobiles and houses are appraised separately. As such, you’ll need to schedule a separate property appraisal with the Pecos County Appraisal District to determine the value of your mineral interests.
In some cases, a property will have more than one gas well on site. Gas wells each require their own appraisal and are considered separate units from each other and the rest of the property. If this is the case, request a separate appraisal for each gas well on your property. Each gas well also needs its own tax account, and each person with a stake in the well will need their own separate account.
Railroad Commission of Texas
The Railroad Commission of Texas is responsible for regulating:
- the oil and gas industry
- natural gas and hazardous liquid pipelines
- pipeline transporters
- natural gas utilities
- liquefied petroleum gas industry
- coal and uranium surface mining operations
The Railroad Commission is responsible for issuing identification of each unit, a term used to signify any partial ownership stake in a mineral interest.
The main Railroad Commission office is located at the state capital in Austin. There are, however, a number of satellite offices located across Texas that can answer any questions or safety concerns you may have.
Texas’ counties are divided geographically into different numbered districts that allow the Railroad Commission to provide more region-specific guidance. Pecos County is located in Railroad Commission District 8, which is headquartered in Midland, TX. The address of the main District 8 office is:
10 Desta Dr., Suite 500 E
Midland, TX 79705
(432) 684-5581
The Railroad Commission operates separate pipeline safety satellite offices that are there to provide help on this very specific topic. For further information, contact the Railroad Commission pipeline safety security office at the above address in Midland. The alternative fuels safety office is also located in the Midland facility. The RRC has service audit locations in Austin, Houston, and Fort Worth.
Contact a Pecos County Mineral Rights Broker Today
If you are considering selling oil or gas royalties or mineral rights in Pecos County, contact The Mineral Auction at (512) 698-2802 or online to learn more about our professional services, including a free consultation about your Pecos County property. Our skilled and nationally renowned brokers will carefully evaluate your rights and take charge of the all the complicated legal, procedural, and financial steps or other headaches involved in a resource auction. We have the solid connections to thousands of reputable buyers you need to get a great price for your interests. We tie our fees to the price that you receive, so we are incentivized to work as hard as we can to get you the best price possible.
