Why Should I Sell My Oil Rights?
July 2, 2018
As an owner of oil rights, you may occasionally receive solicitation letters from companies encouraging you to sell oil rights to them. There is no shortage of buyers these days looking to purchase mineral rights from private owners. Should you sell yours?
You may have personal reasons for wanting to keep them; however, there are also great reasons why selling your oil rights can be advantageous. Before you pass up another opportunity to sell yours, consider a few reasons why selling could be better than simply holding your oil right interests.
The Business of Buying and Selling Minerals Has Changed
In the past, it has been customary for families to hold their oil rights and pass them down through the generations. Mineral interests hold a degree of wealth that has appreciated over time, providing families with valuable, inheritable property that costs nothing to maintain yet always has the potential to be exchanged for cash.
From an inheritance standpoint, mineral rights are comparable with the ownership of gold and other precious or semi-precious metals and minerals.
Today, the idea of selling your oil rights has become more commonplace, partly due to the ease in which gas and oil can now be produced. There are more companies interested in buying your interests and paying you a competitive price for them due to the advances in geological and drilling technology.
Companies are spending less to produce oil, which means they are better able to invest in producing smaller interests and even fractionated interests that have been passed down and divided among families over and over again. Basically, there is a much greater opportunity to sell oil rights at a good price.
Selling Oil Rights Offers Many Advantages
If you own them, there are many reasons why you might consider selling your oil rights today to interested buyers ready to pay you for them. Working with a reputable royalties company, you can easily sell oil rights for top dollar, money that could pay for a child’s college education, the purchase or pay-off of a home, building a retirement account, or even letting you fund a business or some other type of investment.
Essentially, selling allows you to exchange your ownership for funds you can use today for whatever you need or want, while the selling price for these interests are still high.
The Demand for Minerals Is Also Changing
Currently, oil rights are being bought and sold at some of the highest rates ever. This is a profitable time for owners interested in selling their oil rights, especially considering that some industry specialists expect prices to begin declining in the coming years. The reason? An increased demand for and development of non-fossil fuel energy sources.
As more countries around the world begin adopting clean energy production methods, the demand specifically for oil will decline. Those holding this opinion feel it is only a matter of time before it begins to significantly affect the price and value of oil as well as the amount for which owners of mineral rights can sell their interests.
If you are considering selling your oil rights or simply want to discuss the benefits you may gain by doing so, begin by first finding an experienced royalties company to work with. A good royalties company has access to a network of qualified buyers who will pay you top price for your oil rights and will work to ensure you are not taken advantage of by unethical buyers. When you sell oil rights to the right buyers, you can profit greatly!
In Texas And Have Oil Rights To Sell?
Talk To Permico Royalties About Selling Your Oil Rights!
Call (432) 242-7335!Oil Rights in Texas, Oil Rights in West Texas, Sell Oil Rights in the Permian Basin Texas, Sell Oil Royalties in Texas
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