Sell Oil and Gas Royalties and Mineral Rights for Profit

When we buy a piece of land, we buy surface rights as well as mineral rights associated with this land unless these rights have been severed. Therefore, assuming that you own both surface and mineral rights to your property, you must take steps to ensure that your mineral rights create maximum wealth for you. Mineral Rights

The term mineral encompasses fossil fuels like oil, gas, and coal besides metals and their ores. Non-metals are included in minerals and so also are stone, gravel, marl, sand, and peat. Therefore, when you sell or lease your minerals rights to the oil and gas company, you must bear this factor in your mind and lease only oil and gas and not all the minerals over which you exercise the sole right of ownership. Sell Gas Rights

At the outset, you must evaluate the likely mineral value of your land. You must consult a professional geologist from your area who will undertake a survey of your property and give you an assessment of its likely mineral content. States have laws governing the extraction of various minerals. Consult an oil and gas attorney of your state who will advise you of the local oil and gas laws. He will also help you in drawing up a comprehensive lease from which you will earn both bonus and royalty. This lease is a legal document between you, the lessor and the oil and Gas Company, the lessee. Sell Oil Rights

Verify the antecedents of the company and the bonus and royalty amounts they have paid in your area. Find out the minimum oil and gas royalty regulated in your state. It should be your endeavor to get the maximum royalty through skillful negotiations. Oil production is in your interest. Therefore build in the clause of extension of the primary term in case oil production has not commenced by the end of the primary term. Indemnify yourself against all losses to your property both movable and immovable. Creating wealth through mineral rights is in your hands. Selling Mineral Rights