Posted on Monday, November 24th, 2014 at 5:03 pm
Some mineral rights owners choose to sell their mineral rights rather than lease it for the purpose of convenience. Keeping up with all the paperwork, audits, and monitoring required for leasing any producing property, such as oil and gas wells, can be very demanding at times. As such, it may be more advantageous for some to leave this responsibility to those who have the experience and resources to manage the upkeep.
Owning mineral rights also means more difficulty meeting the tax requirements of a mineral rights lease. Because leasing mineral rights means receiving royalty payments on a regular basis while still owning the property, it may require more complex accounting structure as compared to selling the mineral property right away.
There are a myriad of other good reasons why you should sell your mineral rights. If you want to know more about the benefits of selling your mineral rights, and if you have plans to sell your rights in Texas, our team of brokers at The Mineral Auction would be willing to help you. Call us at (512) 698-2802 to learn more about how we can help you.