Selling Mineral Rights and Royalties: What to Consider?

Three keywords that could be given to anyone who is in the position to be selling mineral rights it would be these: survey, survey, and survey. Before anything else you will need to know what you are dealing with. Take the advice of a geologist and try to get some idea of what lies beneath the surface of your property. Mineral Rights

 



Getting professional advice will be something you should do at the stage of sale also. The sums of money usually discussed when selling oil royalties, for example, typically are extremely large. A good lawyer will help you navigate the minefield of clauses present in any contract and the end, and you will want a deal that makes both parties happy. So if you are being offered a sale get in touch with someone who knows the local law as often, these can be different from one area to the next. Sell Oil Rights

 

 



Any deal that you structure should protect you as the surface owner. Any mining operation will need access, and often significant areas will need to be cleared to make way for roads and production equipment. Try to get a deal that will create a balance between maintaining your land and reaping the most significant benefits from selling mineral interests. Sell Gas Rights

 

 


Your attorney is the most crucial factor when it comes to making both parties happy and maintaining as much value in your property as possible. Selling gas royalties to a company is an excellent example of a deal that can stand to make large sums of money. The choice is one that only you can make so educate yourself as much as possible and for the parts you do not know, hire someone who does; it will just help you make a better decision. Selling Mineral Rights

You should make consideration of the above points keenly.