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  • Can I Sell My Mineral Rights in Texas If They Are Leased?

    August 7, 2019

    The ownership of mineral rights in Texas can be financially lucrative for you if you choose to do something with them.

    Leasing your rights can bring in a regular income if an energy company starts production and selling them can bring you a good lump sum based on the value of your mineral ownership.

    What about if you have your mineral rights leased and then decide you’d like to sell them?

    The good news is that you are perfectly able to sell them because having them leased out may even bring you more money if you do.

    Leasing Mineral Rights Like Leasing Any Property

    Mineral rights are considered actual property; the same as any house, building, or piece of land.

    When you lease your rights to an energy company to produce oil and gas from your property, they occupy the space to drill and do all the production work, then pay you rent in the form of bonuses and royalties according to the agreement in your contract.

    You still own the rights; you can stop leasing them out, lease them to a different company, or sell them at will just as you would do with any other owned investment property.

    Can You Sell Mineral Rights If Leased?

    Yes, you can, and it works the same way as if you sold a home or building to someone else while there was already a tenant.

    Ownership of the building changes, you get proceeds from the sale, and relinquish all rights to the property.

    The new owner then becomes in charge of the tenant or lessor and starts collecting any future royalties and lease bonuses.

    Leased Mineral Rights May Be Worth More

    Royalties experts generally agree that as an owner, you might make more income over time by keeping your mineral rights and continuing to lease them out versus selling your mineral rights outright.

    At a steadily producing site, you could have a steady stream of income for many years between lease bonuses and royalties.

    If you have decided on selling your mineral rights, they could actually be worth more if already being leased.

    An energy company may be more willing to buy and pay you more for such property if it’s already been explored, actively drilled, and producing minerals since this greatly reduces both their risk and even operational costs.

    When having your property valued before a sale, be sure all of this is taken into account.

    Mineral Rights Can be Sold Even If Leased

    For whatever reason you decide to offer your mineral rights for sale, know that you can sell them whether they are currently leased out or not.

    Your mineral property may even be worth more if it is currently leased and actively producing oil and/or gas.

    In either case, it is highly recommended to discuss your potential sale with an experienced royalties expert who can help you determine the exact value of your property before you accept any offer and facilitate a smooth sales process!

    Have Mineral Rights For Sale In West Texas?

    Permico Royalties Can Help You Sell Your Mineral Rights!

    Call (432) 242-7335!

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