Selling Mineral Rights? Don’t Do It Alone!
April 4, 2017
These are promising times for those who own mineral rights in Texas, especially with all the activity in the Permian Basin. The sale of mineral rights has increased dramatically in the past few years as owners begin to take advantage of the demand to sell. Yet selling mineral rights is not something that should be undertaken alone since there are many unscrupulous buyers who are trying to take advantage of inexperienced sellers.
If you are looking to sell your mineral rights, it is essential to work with reputable professionals who can protect your interests and get you the best deal possible.
Owners Must Be Wary
There is a huge demand for properties and royalties for sale today as more is being learned about the wealth held in certain oil-producing ground. Buyers are even scouting locations that may not as productive, attempting to buy land and rights as cheaply as possible.
When approaching unsuspecting owners who may be interested in selling mineral rights, many buyers offer low prices and require that either a decision regarding the sale be made within a few days or make other similar attempts to scoop up land without giving owners an opportunity to actually analyze the offer.
To avoid being cheated out of the true worth of their property, owners must be wary of such tactics and research the deal before agreeing to anything. If a buyer is anxious to make a deal quickly, it means they see something in the property that may not be obvious to the owner.
Selling Mineral Rights Is Complicated
It is essential that property and mineral rights owners understand that a successful and fair sale does not happen overnight. The sale of mineral rights involves a great deal of research in determining the actual value of the rights today as well as their potential value in the future.
Value can change over time based on market conditions, the location of the land, current well production on land that has already been drilled, and the development of new technology for locating and extracting oil and gas from the land. All of these things must be carefully considered with each sale so that all options are made transparent to owners who may not be experienced in the intricacies of oil and gas rights.
Work With Experienced, Reputable Professionals
Based on the challenges involved, a person looking to sell their mineral rights must find knowledgeable royalties professionals who can protect their interests. Established and reputable royalties dealers play an important role both in helping owners learn the fair value of their rights and in helping them decide whether selling is in their best interest.
Royalty professionals work with owners to find equally reputable buyers who are willing to work out creative deals that offer owners the best options in terms of outright sales, mineral leases with royalties, or other arrangements.
Most of all, dealing with professionals gives owners access to a wealth of knowledge about drilling, technology both today and tomorrow, and a better understanding of how land and rights are valued so sellers can make an informed decision about their ownership.
When looking to sell mineral rights, the best suggestion is to pass up the "fly-by-night" offers that may be coming in and first talk to a royalties professional. With guidance and advice from an experienced company, owners can realize the true worth of their property and avoid the risk of being taken advantage of in the sale of mineral rights.
After learning more about drilling technology and forecast for their location, some owners may even decide against selling mineral rights. Whatever the decision may be, an owner's interests will be protected when they work with an established royalties company!
Selling Mineral Rights In The Permian Basin?
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