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Frequently Asked Questions
How do I know this is real?
We have an A+ rating with the Better Business Bureau and our team has purchased thousands of oil and gas interests since 2008 from everyone including judges, government officials, banks and trusts, large timber companies, and even billionaires. By dealing with us, you can be assured that you are working with one of the best mineral buyers in the business.
How do I sell my mineral rights?
Contact us to receive an offer. If possible, please send us a check stub to speed up the process. We’ll usually be able to provide an offer within a day. After you accept the offer, we’ll prepare the mineral deed and deposit your payment within 5-10 business days upon receipt of the signed documents. We’ll handle everything else from there at no cost to you!
What are mineral rights and how do they work?
Mineral rights are the legal rights to extract minerals from the earth. When you own these rights, you control the resources below the surface of your land and can sell them separately from the land. If a company believes there is oil or gas under your land, they will offer you to sign a lease, and if there is a well drilled that produces, you would receive your share of the royalties, usually 12.5% to 20%. Selling mineral or royalty interests have no bearing on your property, and does not allow us to access your land or use your property in any way.
How do I know if I have mineral rights?
You can find out if you have mineral rights through a mineral rights title search. This involves tracing the ownership of the land back to the original mineral reservation or conveyance. Ownership of mineral rights can be and usually is separate from land ownership.
Should you sell your mineral rights?
While some advise to never sell your mineral rights, the decision should be based on your personal circumstances. Selling can provide immediate financial benefits and remove future market uncertainties whether from dry holes or volatile oil and gas prices.
How much can I sell my mineral rights for?
The value of your mineral rights depends on several factors, including the location, production history, current revenue, and future drilling potential. We provide free, no-obligation offers to help you assess your options.
Can I sell the mineral rights and the land at the same time?
Yes, occasionally we buy land and can include the value in our offer, this simplifies the process with a single transaction and there are no real estate agent commissions.
What if I inherited minerals or need to settle an estate, family trust, or LLC?
We can collaborate with your attorney or assist in transferring ownership to you prior to the sale. In some cases, we may even cover legal fees.
What are the tax implications of selling mineral rights?
While we don’t provide tax advice, generally, if you’ve owned the property for over a year, sale proceeds are typically taxed as long-term capital gains, which have much lower rates than regular income. In many cases you may not owe long term capital gains depending on your income. Visit this link to find out more: https://www.irs.gov/taxtopics/tc409.
Are there any fees or closing costs?
No, we cover all closing and recording fees.
Does receiving an offer cost me anything?
No, our offers are free of charge.
What if my minerals are not producing?
We can still likely make a strong offer, depending on the area.
What if I own mineral rights in more than one state?
We make offers on interests across the U.S. If we’re not interested in a specific area, we can connect you with someone who is interested.
Where can I find a notary?
You can find a notary via Google Maps, at banks, UPS Stores, mail stores, or law firms. In some locations, we can arrange a mobile notary to meet you.