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Mineral Rights Information Resource Guide
At The Mineral Auction we strive to provide mineral owners with the information and resources to make information decisions about what to do with their royalty interest, mineral rights, and other issues relevant to a property owner.
Understanding mineral rights can be confusing as ownership is vastly different compared to being a surface owner. The following guide is designed to help you gain a basic understanding of what options are available to you as an owner.
Guide Content’s
How oil operators deal with mineral owners
In order to sustain the oil and gas supply needs of consumers, oil companies secure a legal contract under an “Oil, Gas, and Mineral Lease,” which allows them to tap into the rich mineral resources beneath the land of a mineral rights owner.Under such a contract, oil companies or operators pay mineral owners for allowing them to tap into their mineral resources and mineral owners who strike a deal with oil companies automatically receive a lease bonus. Mineral rights owners under certain contracts are entitled to get an additional payment from oil companies in the form of a royalty percentage upon conducting any mineral-related activities, such as drilling. Oil companies initially make a proposal to notify the landowner and pay them before conducting any drilling activities, which may last from several days to several months.If you are a mineral rights owner and you are planning to lease or sell your estate in the Austin area, [firm-name] professional team may be able to help you sell your mineral rights. Call our office at [phone-number] to discover how we could help you find potential buyers.
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