Owning mineral rights means you have the option to make money by selling the minerals found in your property. This means greater economic flexibility, especially during life-altering events and unexpected financial situations.
When you decide to sell, it is essential to know the components of ownership you are relinquishing. Under the Texas Law, selling the ownership of your mineral rights means selling your right to:
- Use the mineral estate and the surface estate necessary to acquire the minerals
- Lease your mineral properties
- Receive bonuses from that lease
- Receive delay rentals, royalties, and other benefits due under a leasing agreement
When planning to sell your mineral rights, seek the help of experienced mineral rights brokers who have a wide network of competitive buyers to help you get the best value. To learn more about what we do and how we can be of help, call The Mineral Auction at (512) 698-2802 today.
The revenue generated from mineral ownership over materials such as coal, minerals, oil, and natural gas are generally split between the owner of the mineral rights and the company that extracts the resources from the ground. However, there can also be other stakeholders between which the income would be divided. They are:
- Royalty interest owner – Receives a portion of income from the mineral rights, but does not own any mineral properties. Landmen, geologists, and brokers who were able to reserve an interest in the mineral properties, but are not the owners of the mineral properties, are considered royalty interest owners
- Working interest owner – Refers to the entities that bear production costs in the extraction of minerals. The company itself, or the contractor drilling the mineral resources, are considered working interest owners
Understanding the details behind mineral rights ownership and sale can be very challenging without the help of qualified and experienced mineral rights brokers who truly understand the needs of mineral rights sellers. To learn more about your mineral rights and how to sell them in Austin, consult with our team at The Mineral Auction by calling (512) 698-2802 today.
Oil and natural gas wells are among the many natural resources that are considered depleting assets. Depleting assets generally refer to resources that are expected to decline over time. A very productive gas well today may eventually become barren and stop producing over an unspecified period of time. When this happens, mineral properties will become essentially unprofitable.
The lack of surety regarding when a mineral property would start to dwindle in resources and eventually become unproductive is the primary reason why several mineral rights owners choose to sell, rather than lease, their mineral properties. Selling their mineral rights provides them the assurance of getting the most out of their property, without the risk of depletion that might dramatically decrease the value of their mineral rights.
We at The Mineral Auction are aware of the many advantages of selling mineral rights, and are ready to help mineral rights owners enjoy the most out of these depleting interests by selling. To know more about how we can be of help, call us at (512) 698-2802 today.
The current oil and gas boom in Texas drove employment way up. The state’s job growth in these industries experienced a 10.7 increase from May 2013 to May 2014. General industrial employment grew for the third year in a row, increasing the employed to 1.2 million, the San Antonio Business Journal reported.
However, workers and manufacturers are not the only stakeholders benefiting from this flourishing industry. Mineral rights owners in Texas are also taking advantage of the growth. By getting in touch with the right oil and gas mineral rights buyer, a seller would be able to capitalize on his assets at a time when the value of mineral properties is high.
Selling your mineral rights at the height of the State’s growing energy industry would help you get the most out of your deal. Consult with our team at The Mineral Auction if you plan to sell your mineral rights for the highest value possible. Call us at (512) 698-2802 today to discuss your options.
A lawyer and Texas A&M assistant professor shared her knowledge about how to protect one’s surface property during mineral rights negotiations at the Grayson County courthouse on June 12, Fox Texoma reported.
In light of a burgeoning oil and gas industry in the state, the lawyer, assistant professor and extension specialist at Texas A&M Tiffany Dowell offered residents valuable tips to protect the surface estate during oil and gas leases. She advised landowners to ensure the inclusion of detailed rules on a lease to specify how the surface land should be used. If not, oil and gas companies can take advantage of the contract and not respect the land.
She further stated that consulting with an attorney before coming to an agreement with the oil company is a good way to protect landowners’ interests.
Whether you are trying to sell or lease your mineral rights, our team at The Mineral Auction is here to help you make an informed decision. To seek assistance, call us at (512) 698-2802 today.
A U.S. Court of Appeals has upheld a previous court decision that requires Chesapeake Energy to pay millions of dollars to three leaseholders, an online report stated on May 1.
According to the report, a three-judge panel of U.S. Court of Appeals in New Orleans decided to reject Chesapeake Energy’s appeal against having to pay $121 million to Texas-based Preston Exploration and two affiliates. In 2008, Chesapeake agreed to acquire 500 oil and gas leases from the three leaseholders, but later withdrew the arrangement when gas prices dropped drastically just before the agreement was about to conclude.
Chesapeake Energy initially won the case, but an appeal won by Preston led to a judgment that the energy company broke the deal with the leaseholders.
Our highly experienced team of brokers at The Mineral Auction helps sellers find the best possible price on their mineral rights. Contact us at (512) 698-2802 to learn about how we can help put your mineral rights up for auction in front of our network of thousands of reputable buyers.
Congressman Ted Poe recently stated that the natural gas boom is benefiting the local economy in Houston, and says Texas can potentially be the “Saudi Arabia of natural gas,” according to an online report released Monday, April 7.
In a speech delivered during the Houston Northwest Chamber of Commerce and Economic forum, Poe said Texas has more than liquefied natural gas (LNG) than it can use, and added that the state’s goal should be “to export the rest.” Poe also dubbed the Port of Houston, which is currently undergoing a $150 million-worth of dredging to hike docking capacity, as a potential LNG terminal site.
Texans are indeed in a very beneficial position to get the most out of the U.S. LNG boom. If you too are planning to take advantage of this industry, The Mineral Auction has the resources and the experience to help you sell your mineral rights at the best possible price. You may reach us anytime at (512) 698-2802.
Because of the proceeds it acquired from different overriding royalty interests, Breitling Energy announced on Friday, March 14, that it has enough funding to tap 900 wells and drill on more than 4,000 acres of land in various states across the U.S., including Texas.
This announcement came after the company made its discovery of oil in Taylor County, TX public. Breitling started its operation in Taylor on February 11, and has estimated that 40 to 50 barrels of oil are being produced each day by its wells at the Teaf #1.
More and more people are realizing the potential of gas production and mineral rights. If you own mineral rights and want to get the most possible money for them, our team at The Mineral Auction can help you sell them for the best price possible. Call (512) 698-2802 to learn more about how we can help you.
A woman had a few thousands of dollars’ worth of unclaimed property from mineral rights, an online report published on Wednesday, March 5 stated.
Julia Earnest got $3,600 of unclaimed property from the Denton County Administration Building for mineral rights she was never aware she had. This came after the Texas Comptroller’s Office granted Denton County Treasurer Cindy Brown’s request to send an unclaimed property expert in the county to personally meet Denton residents.
Mineral rights can be a sure source of income, and selling them can provide you with greater financial stability and freedom. Contact our team at The Mineral Auction if you want to learn more about selling your mineral rights for the best possible value by calling (512) 698-2802 today.
An online report in the Dallas Business Journal revealed that Fort Worth-based Trinity East Energy has filed a lawsuit against the city of Dallas Thursday, February 16, over accusations that the city committed breach of contract, inverse condemnation, an unconstitutional taking, and fraud.
According to the lawsuit, the city of Dallas denied Trinity East its right to drill and to create a compressor station on the northwest border of the city despite the fact that the company paid the city $19 million for property leases in 2008. The company had bought the minerals from the city with the plan to drill for them.
The company demands recoup from the damages it has incurred. A total of $30 million has been invested by Trinity East to drill natural gas in the area, but its claim might become higher due to lost profits caused by the inability to sell natural gas.
Our team at The Mineral Auction is equipped with the knowledge and experience needed to guide you through the process of selling your mineral rights. Call us today at (512) 698-2802 to know more about how we can help you sell your mineral rights and get the best price possible.
