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Get a landman. A buyer or seller can hire a representative of the oil and gas drilling company, generally known as a "landman" or "petroleum landman," to attempt to identify all owners of the minerals and holders of the executive rights. An oil and gas attorney is another resource for this task. Know it may not be easy. Thanks to a long history of severed mineral estates, many sellers have negotiated to keep the mineral rights for future income, even when they no longer own the surface of the land. And those ownership interests don't always stop there. For example, when minerals become part of an inheritance, the route to finding the true owner can become more complicated. Visit for more info uniroyalties.com
Wiki User
∙ 8y ago
Wiki User
∙ 8y agoMineral rights are transferred much the same as an ownership interest in real estate is transferred. You should consult with an attorney who specializes in real estate in your area. The rights you seek to sell must be clearly defined in the deed and that deed should be drafted by a professional.
Wiki User
∙ 9y agoYou can sell the mineral rights alone, or your can sell them along with the land. You can go through a real estate agent or an attorney to make certain that the paper work is written up correctly.
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Can you just sell your land and not your mineral rights in WV?
You can sell the land and reserve the mineral rights. The wording of the deed has to specify it.
How long after sale of land can the original owner retain mineral rights to the property?
The mineral rights need to be retained and reserved at the time of the sale. If you sell the land without reserving the mineral rights they are attached to the land and go with the land to the new owner.The mineral rights need to be retained and reserved at the time of the sale. If you sell the land without reserving the mineral rights they are attached to the land and go with the land to the new owner.The mineral rights need to be retained and reserved at the time of the sale. If you sell the land without reserving the mineral rights they are attached to the land and go with the land to the new owner.The mineral rights need to be retained and reserved at the time of the sale. If you sell the land without reserving the mineral rights they are attached to the land and go with the land to the new owner.
Can I sell my mineral rights on my own?
While you certainly can sell your mineral rights on your own, it is difficult to get the full value out of your oil and gas royalties or mineral rights without working with an experienced and well-connected mineral rights broker. By putting your rights up for auction with the help of The Mineral Auction, you have the benefit of selling your rights to our network of over 6,000 interested buyers who will compete for your rights, allowing you to hold out for the best price rather than making a decision based on a much smaller pool of offers.For more help visit uniroyalties.com
How do you get paid if you own mineral rights?
The only way to make money from your mineral rights is if an oil company wants to lease them to drill and then you make more money if they drill a producing well or if you sell them. The company leasing the mineral rights will arrange payment, usually by check, depending upon the lease agreement which is signed by the owner of the mineral rights and the leasing company.
What are some mistakes people make with their mineral rights?
There are several common mistakes that people make when they are looking to sell their mineral rights. One of them is waiting too long to sell, thinking that they will get more money ultimately. Another mistake many make is that they try to sell their rights themselves. Although this option might work for some, it can result in a lengthier, more stressful process and less profit for you. Fortunately, with the right mineral rights specialist working with you, you can avoid most, if not all, of these pitfalls.Visit uniroyalties.com
Why is an auction a good idea?
An auction is one way to sell your mineral rights, which are rights to oil, gas, or other minerals, and it can be beneficial to you for one main reason: auctions for mineral rights unite numerous qualified and reputable buyers who can drive up the price for your rights if there is enough interest. This means that you might get more money for your mineral rights than you would if you sold your rights on your own.Visit uniroyalties.com
How much are my mineral rights worth?
There are many different factors that will affect the value of your mineral rights. All of these factors will play a role in determining the value of mineral rights. Here are just a few of the factors that will affect mineral rights value:State & CountyLocation within the CountyWhether the property is producing royaltiesWhether the property is leasedOil and Gas PricesSurrounding ProductionLease TermsMineral Rights BuyersThe truth is that it's extremely difficult to determine the exact value of mineral rights until they are put up for sale. When you sell mineral rights and get the property in front of a large audience of buyers, it allows the market to determine the true value of your property. For additional information regarding the value of mineral rights, please visit uniroyalties.com
What is the process of selling your mineral rights?
Rather than selling your mineral rights to a prescribed buyer, when you work with The Mineral Auction, we take your rights before a group of over 6,000 buyers who are ready and able to pay top dollar for your land rights. We sell your rights at auction, which encourages buyers to compete with each other, which consequently, increases the amount of money you will receive.For more info visit uniroyalties.com
If mineral rights are not passed on in deed what happens to them?
Unless it is stated in the deed that the mineral rights are reserved in some manner then any mineral rights not previously reserved pass to the grantee. If you have any questions about mineral rights or you have mineral rights for sale please contact me and I will be glad to help. I have been a buyer of minerals or mineral rights for many years. See my bio page.
Can you sell the mineral rights to your land if there is a lien against it?
A prudent buyer would require that the lien be paid off before the sale. If not the buyer would purchase the rights subject to the lien.
How do you fin dout if you have mineral rights to your land?
Read the deed to the property. Unless mineral rights are excluded, you have them.
Can an indivdual sell his portion of mineral rights when he is one third of an estate that has never been surveyed or divided?
Assuming you mean you and the others are tenants in common, generally yes, each can sell his or her percentage without the consent of the others. That may change if there's an agreement of some kind that controls the situation such as an inheritance that was part of a trust arrangement to keep the mineral rights in the family.
